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Perceptions have changed for the better for the emerging oil and gas play as activity increases and others move into the neighborhood.
As operators continue to bring the Eagle Ford back to peak production, they refocus their attention to the north.
The U.S. is on the verge of changing natural gas on a global scale.
An analysis predicts costs to climb as core areas mature.
Embracing digitalization can help operators maintain a competitive advantage.
Enhanced completion designs and improved economics draw investments to the D-J Basin.
The East Texas Eagle Ford player is adding value through completion optimization as it dives into a refracturing program and evaluates Austin Chalk opportunities.
An operator controls proppant flowback by utilizing a new liquid additive.
A subsea CT scanning system enables operators to overcome inspection challenges.
Modularized production systems streamline field installations.
Drillers added eight oil rigs in the week to Oct. 12, bringing the total count to 869, Baker Hughes, a GE company (NYSE: BHGE), said in its weekly report.
A consortium led by U.S.-based Talos Energy is looking to partner with Mexico’s state-run energy firm Pemex next year on a plan to jointly develop a potentially lucrative oil and gas discovery pending more drilling, Reuters reported on Oct. 9.
Baker Hughes (NYSE: BHGE), the world’s second-largest oil services company, will take a 5% stake in Abu Dhabi National Oil Co.’s (ADNOC) drilling unit for $550 million under a tie-up announced on Oct. 8.
Algeria’s state-owned oil and gas company Sonatrach will launch offshore drilling with France’s Total (NYSE: TOT) and Italy’s Eni (NYSE: E) on two sites in the east and west of Algeria at the start of 2019, its CEO said on Oct. 7.
Drillers cut two oil rigs in the week to Oct. 5, bringing the total count down to 861, Baker Hughes, a GE company (NYSE: BHGE), said in its weekly report. This is the longest streak of weekly cuts since October 2017.
With the rapid growth of produced water and infrastructure constraints operators have to find new ways to tackle it.
Fourteen companies have expressed interest in oil and natural gas exploration and development contracts to be auctioned by Iraq on April 25, the oil ministry in Baghdad said on April 14.
Hunting Plc, the international energy services company, said March 26 it has signed a collaboration agreement with U.S.-based EOR company, Titan Oil Recovery Inc.
With a well test underway, one independent energy company works to decipher the Bakken’s EOR secrets.
The company plans to expand its use of carbon capture, use and storage technology to meet a sixfold increase in the utilization of CO2 for EOR over the next 10 years.
The company also said it expects to generate substantial free cash flow in 2018, allowing it to initiate a dividend in the first-quarter of 2019.
Subsea 7 SA on Oct. 10 announced the award of a contract by Tullow Ghana Ltd. on the Jubilee field, offshore Ghana, in water depths of up to 1000 m (3,280 ft).
The waiver extension will allow Serica to complete the acquisition of BP’s stake in the Rhum, Bruce and Keith fields as well as buying Total’s stakes in Bruce and Keith, Serica said in a statement.
Hibiscus Petroleum Berhad said Oct. 9 that its indirect wholly-owned subsidiary, Anasuria Hibiscus UK Ltd. (AHUK), has entered into a conditional sale and purchase agreement with Caldera Petroleum Ltd. to acquire a 50% participating interest in Block 15/13a and Block 15/13b under the production license P198, for a purchase consideration of $37.5 million.
The North Sea field is now expected to cost 47 billion crowns ($5.7 billion) to develop, up from the 41 billion crowns ($4.9 billion) estimated last year, and 59% more than originally seen in 2012.