Exclusives

Check out the latest activity highlights from around the world.

Check out the latest exploration, drilling and production highlights from around the world.

Stratas Advisors, Shu Feng, 2018 oil and gas, oil and gas exploration, oil and gas discoveries

Stratas Advisors shares insights on exploration spending and hot spots with Hart Energy.

ConocoPhillips, exploration, Alaska, Montney, Willow, Al Hirshberg, Ryan Lance, cost, billion

Although spend on short-cycle unconventionals dominate, the E&P is keeping an eye on promising exploration growth areas amid asset sales, debt reduction and volatile commodity prices.

John Hess, Hess Corp., Norway, Equatorial Guinea, Offshore, Bakken, Permian, M&A

Hess' proceeds are set to hit $3.25 billion in 2017 after selling its North Sea and Equatorial Guinea interests as well as its August divestment of Permian Basin EOR assets.

Land & Leasing

The Anglo-Dutch company said in another statement that "following strong demand from institutional investors," it upsized its sale to 111.8 million shares worth a total of $2.7 billion before tax proceeds.

Norway’s Statoil ASA (NYSE: STO) aims to sign a power purchase agreement with a U.S. utility to develop an offshore wind power project off New York by the end of 2018.

Hess separately announced it will sell its interests in offshore Equatorial Guinea to Kosmos and Trident Energy for $650 million and also plans to sell its stake in Denmark's South Arne Field.

The launch of ARO Drilling with Saudi Aramco will provide Rowan with an 'unparalleled long-term growth opportunity throughout the next decade and beyond,' CEO Tom Burke says.

Emerson Buys E&P Software Provider Paradigm For $510 Million

The deal would position Emerson as the largest provider of E&P software solutions, though it comes at a 13x premium to Paradigm’s 2017 EBITDA.

Reservoir Evaluation

microseismic, reservoir, 3-D, oil, MicroSeismic Inc., seismic

A true understanding of the subsurface requires integration and ingenuity.

shale, gas, oil, Energy Information Administration, Kazakhstan, EIA, Chad, United Arab Emirates, Oman

Chad, Kazakhstan, Oman and the United Arab Emirates are believed to have vast shale resources capable of boosting production and adding revenue. However, economics could stand in the way.

Real-time 3D visualization can enable enhanced well planning, reservoir navigation and drilling optimization.

Wildcats & Stepouts

Shell, Gulf of Mexico, deepwater, divestment, Ben van Beurden, Fort Sumter

News of a deepwater Gulf of Mexico discovery is made as the company reports falling profits and growth priorities.

Chevron’s $28.5 billion upstream capital and exploratory budget for 2012 includes about $3 billion for exploration and $9 billion for LNG projects.