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Drilling & Exploration

ExxonMobil said today it will increase its exploration acreage in Namibia with the addition of approximately 7 million net acres. Read more

Offshore & Marine

Norway had the highest number of oil and gas discoveries globally in the first quarter (Q1) of 2019 with five discoveries. Read more

Drilling & Exploration

ExxonMobil said today it made a new oil discovery offshore Guyana at the Yellowtail-1 well, marking the 13th discovery on the Stabroek Block. Read more

Upstream

The Chevron and Anadarko acquisition is reflective of multiple trends that are becoming increasingly evident in the global energy market. Read more

Plant Management & Operations

Chevron Corp. said it will buy Anadarko Petroleum Corp. for $33 billion in cash and stock as the company doubles down on its bet on U.S. shale oil and gas production. Read more

M&A/Investment

Annual U.S. crude oil production reached a record level of 10.96 million barrels per day (b/d) in 2018, 1.6 million b/d (17%) higher than 2017 levels. Read more

Drilling & Exploration

Rystad Energy: Three trends to sway shale growth in 2019; Exxon, Microsoft strike cloud computing agreement for U.S. shale; Howard Energy Partners, NextEra Energy Partners agree to JV Read more

Drilling & Exploration

Over the next three fiscal years, nearly $300 million in federal oil and gas royalties generated by production in the Gulf of Mexico will fund construction of 12 Louisiana coastal protection and restoration projects. Read more

Offshore & Marine

Unplugged or poorly plugged wells are an environmental hazard, as they provide the potential for natural gases or fluids to escape into the atmosphere, creating health or fire hazards and contaminating freshwater zones. Read more

Drilling & Exploration

An unprecedented coalition of 20 companies located in West Texas and Southeast New Mexico have come together to form the Permian Strategic Partnership (PSP). Read more

Drilling & Exploration

EIA’s Annual Energy Outlook 2019 Reference case projects that U.S. tight oil production, which became the more common form of oil production in 2015, will continue to increase through 2030. Read more

Drilling & Exploration

Canyon Midstream expands Oklahoma gas processing plant; Research shows frac water demand skyrocketing; Southern Star unveils natural gas expansion projects Read more

Natural Gas/LNG

Transocean Rig

Reuters

Riglogix data shows 19 rigs were delivered in 2018, comprising 15 jackups and four semisubmersibles (semis). Read more

Offshore & Marine

Since 2012, when horizontal drilling and hydraulic fracturing techniques became more common, U.S. production of natural gas plant liquids (NGPL) has significantly increased, averaging 4.3 million barrels per day (b/d) in 2018. Read more

Natural Gas/LNG

Chevron and ExxonMobil plan to significantly ramp up production in the US shale heartland as the oil behemoths are seeking to go from shale to scale in the Permian. Read more

Drilling & Exploration

Exxon Mobil Corp is considering exploring for oil and gas in Israel, said a person with direct knowledge of the matter, in what would make Exxon the first oil major to operate in the country still technically at war with Gulf Arab states. Read more

Drilling & Exploration

In a pivotal geopolitical shift, the United States will soon export more oil and liquids than Saudi Arabia. Read more

Refining & Petrochemical Processing

BP plans for significant growth in deepwater Gulf of Mexico; LLOG Exploration reports deepwater Gulf discovery; Offshore service market growth to outpace shale Read more

Upstream

The size of the company’s resource base in the Permian is approximately 10 billion oil-equivalent barrels and is likely to grow further as analysis and development activities continue. Read more

Drilling & Exploration

Exxon Mobil Corp has discovered natural gas off the coast of Cyprus, a find authorities said was the biggest off the Mediterranean island since it started drilling for gas in 2011. Read more

Natural Gas/LNG

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