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The System 2E pipeline is a key network that supplies imported gasoline and output from the Port Harcourt refineries to much of the southeast and north of the country.
Decline curves, well interference, takeaway capacity and drilled but uncompleted wells were among the topics discussed by a group of panelists.
Analysts expect the acquisition of Magnum—the number two player in dissolvable frack plugs—to give Nine Energy Service ‘incremental exposure’ to the downhole tools market.
Hurricane specializes in recovering oil from fractures in hard and brittle rock known as fractured basement reservoirs, which some see as a risky way to obtain crude.
As of the morning of Oct. 12, nine platforms were still unoccupied, BSEE said in a daily update, down from 89 platforms on Oct. 10.
The state oil company said the fire occurred along the Osisioma axis near the Aba depot and emergency services had now been deployed to the scene.
Iraq's government has named Oil Minister Jabar al-Luaibi as head of a new National Oil Company which will serve as an umbrella organization for state oil firms, an oil ministry spokesman told Reuters on Oct. 11.
Producers in the Gulf of Mexico lost about 1.7 million barrels of oil through Oct. 10 as a result of shut-ins from Hurricane Michael and the figure is expected to rise.
According to the filing, Petrobras, as the Brazilian company is known, will have a 20% stake in the joint venture, and Murphy will have 80%.
IPC will acquire BlackPearl for roughly C$622.5 million and combine its assets with IPC’s existing assets in Canada as well as in France, Malaysia and the Netherlands.
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.
U.S. shale operators have become more efficient, but there is still room for improvement, an energy consulting firm says.