Vår Energi’s North Sea discovery de-risks drilling prospects in the area and could be tied back to Balder area infrastructure.
Here’s a roundup of the latest E&P headlines, including new contract awards.
CNOOC said the Qinhuangdao 27-3 oilfield has been tested to produce approximately 742 bbl/d of oil from a single well.
TPH&Co. analysis shows the Permian Basin will lose rigs near term, but as activity in gassy plays ticks up later this year, the Permian may be headed towards muted activity into 2025.
Here’s a roundup of the latest E&P headlines, including a standardization MoU and new contract awards.
Technip Energies contract, which will will cover the EPC of a natural gas liquefaction train for TotalEnergies, is valued between $532 million and $1.1 billion.
Portuguese oil company Galp Energia has launched the sale of half of its stake in an exploration block offshore Namibia.
Regulatory considerations have significant implications for how oil and gas companies evaluate risk, and it’s a top priority for American energy producers right now, said American Exploration & Production Council CEO Anne Bradbury at CERAWeek by S&P Global.
AKER BP’s project marks the first time subsea production systems have been reused on the Norwegian Continental Shelf.
During a quarterly earnings call, SLB CEO Olivier Le Peuch highlighted the production recovery market as a key part of the company’s growth strategy.
The Bureau of Land Management is limiting new oil and gas leasing in the Arctic and also shut down a road proposal for industrial mining purposes.
The oil and gas rig count, an early indicator of future output, rose by two to 619 in the week to April 19.
Strike Energy completed its 3D seismic acquisition of Ocean Hill on schedule and under budget, the company said.
Valuations across major basins are experiencing a very divergent bifurcation as value rushes back toward high-quality undeveloped properties.