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Drilling & Exploration

Equinor has informed the Australian authorities of its decision to discontinue its exploration drilling plan (Stromlo-1) in the Ceduna sub-basin, offshore South Australia. Read more

Drilling & Exploration

FERC approves flurry of LNG projects, Cameron LNG export facility begins Train 2 production, KGS to study unconventional oil and gas potential, Gateway Expansion Project comes on line ahead of schedule Read more

Drilling & Exploration

Chevron sanctions Anchor project in deepwater Gulf of Mexico, Total launches FEED for North Platte discovery in U.S. Gulf, New research outlines value of shallow Gulf of Mexico, API updates offshore safety and environmental standardlling Read more

Drilling & Exploration

In 2018, while production was increasing, the total number of wells producing crude oil and natural gas in the United States fell to 982,000, down from a peak of 1,035,000 wells in 2014. Read more

Drilling & Exploration

ExxonMobil has increased its estimated recoverable resource base in Guyana to more than 8 billion oil equivalent barrels and made a further oil discovery northeast of the producing Liza field at the Uaru exploration well. Read more

Drilling & Exploration

U.S. oil production from tight formations increased in 2019, accounting for 64% of total U.S. crude oil production. This share grew because of the increasing productivity of new wells that were brought online during 2019. Read more

Drilling & Exploration

Based on the Conditional Letter of Award previously announced in connection with Maersk Drilling’s Q3 2019 Trading Statement, Maersk Drilling has been awarded contracts for a three-well exploration drilling project. Read more

Drilling & Exploration

Such is the extent of the shakeout in the U.S. shale industry that Permian Basin oil production is closer to peaking than many forecasts suggest. Read more

Drilling & Exploration

To understand current levels of U.S. oil production, it's important to put it in context. Read more

Commodities

This could represent a $24 billion capex savings opportunity for U.S. shale operators to strengthen their balance sheets and boost returns. Read more

Drilling & Exploration

Today marks the start of a powerful new chapter in Guyana. Read more

Offshore & Marine

Castleton Resources will hold 222,400 net acres in the region and produce some 334 MMcfe/d (net). Read more

Drilling & Exploration

Natural gas end-users saved $1.1T over 10-year period, NGSA forecasts record natural gas winter production, demand, Oil and gas generates major funds for education, conservation, USGS raises estimate of natural gas in Appalachian formations Read more

Drilling & Exploration

Vastly slower U.S. oil growth this year and the prospect of a plateau for the world’s top oil producer have signaled a new and unfamiliar era of self-restraint for the go-go shale industry. Read more

Drilling & Exploration

U.S. natural gas production grew by 10.0 billion cubic feet per day (Bcf/d) in 2018, an 11% increase from 2017. Read more

Natural Gas/LNG

Maersk Drilling has entered into an agreement with a subsidiary of Shelf Drilling, Ltd. to sell the jack-up rig Maersk Completer for USD 38m in an all-cash transaction. Read more

Offshore & Marine

Maersk Drilling has secured a three-well contract for the semi-submersible rig Maersk Discoverer with BP for development drilling at the Matapal project offshore Trinidad and Tobago. Read more

Upstream

Energy projects that need oil prices above $60 per barrel in order to break even risk being uncommercial going forward. Read more

Drilling & Exploration

Economists are predicting an uptick in oil and gas drilling activity in the Gulf of Mexico over the next two years, which will spur economic recovery and job growth in Louisiana, particularly in the Acadiana and Bayou region energy hubs. Read more

Drilling & Exploration

Rystad Energy predicts that total non-OPEC production (crude oil and condensate) will grow by around 2.26 million barrels per day (bpd) in 2020. Read more

Drilling & Exploration

  • Oil pump

    Anton Foltin

    Oil pump

    Pump jacks in an oil field.