The Latest

CNOOC Makes 100 MMton Oilfield Discovery in Bohai Sea

CNOOC said the Qinhuangdao 27-3 oilfield has been tested to produce approximately 742 bbl/d of oil from a single well.

E&P Highlights: March 15, 2024

Here’s a roundup of the latest E&P headlines, including a new discovery and offshore contract awards.

M4E Lithium Closes Funding for Brazilian Lithium Exploration

M4E’s financing package includes an equity investment, a royalty purchase and an option for a strategic offtake agreement.

Exclusive: Carbo Sees Strong Future Amid Changing Energy Landscape

As Carbo Ceramics celebrates its 45th anniversary as a solutions provider, Senior Vice President Max Nikolaev details the company's five year plan and how it is handling the changing energy landscape in this Hart Energy Exclusive. 

US Drillers Add Most Oil, Gas Rigs in a Week Since September

The oil and gas rig count, an early indicator of future output, rose by seven to 629 in the week to March 15.

Orange Basin Serves Up More Light Oil

Galp’s Mopane-2X exploration well offshore Namibia found a significant column of hydrocarbons, and the operator is assessing commerciality of the discovery.

Laredo Oil Subsidiary, Erehwon Enter Into Drilling Agreement with Texakoma

The agreement with Lustre Oil and Erehwon Oil & Gas would allow Texakoma to participate in the development of 7,375 net acres of mineral rights in Valley County, Montana.

Sinopec Brings West Sichuan Gas Field Onstream

The 100 Bcm sour gas onshore field, West Sichuan Gas Field, is expected to produce 2 Bcm per year.

NextDecade Targets Second Half of 2024 for Phase 2 FID at Rio Grande LNG

NextDecade updated its progress on Phase 1 of the Rio Grande LNG facility and said it is targeting a final investment decision on two additional trains in the second half of 2024.

Forum Energy Signs MOU to Develop Electric ROV Thrusters

The electric thrusters for ROV systems will undergo extensive tests by Forum Energy Technologies and SAFEEN Survey & Subsea Services.