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HomeExploration and Production

Exploration and Production

Equinor
Big Oil Companies

Three companies bag $1.75bn in offshore drilling deals with Equinor

March 14, 2024 Mariel Alumit

EuropeOffshore Equinor Norwegian energy giant Equinor has extended contracts for drilling services on the Norwegian Continental Shelf with KCA Deutag, Odfjell Technology, and Archer. The initial contracts with the trio were signed in 2018 with […]

Wintershall Dea
Big Oil Companies

Wintershall Dea, Aker BP increase recoverable volume estimate from Adriana oil and gas discovery in Norwegian Sea

March 5, 2024 Mariel Alumit

(WO) – Wintershall Dea and its partners, Petoro, Aker BP, and PGNIG, have successfully completed drilling for an appraisal well on the Adriana gas and condensate discovery in the Norwegian Sea. They are now evaluating […]

Crude Oil News

Deal Spotlight Episode #4 Navigating the Oil Patch: Insights into Mergers, Metrics, and Market Trends

March 4, 2024 Stu Turley

This is a Deal Spotlight with John Ferrell, Co-Founder / CEO at WellDatabase, and Michael Tanner. They cover great use of techniques in evaluating oil and gas deals. They even cover the Diamondback and Endeavor […]

Oil and Gas Production
Crude Oil News

Has Oil and Gas Production Been Affected by the Texas Wildfires?

March 1, 2024 Mariel Alumit

A Texas Railroad Commission (RRC) spokesperson has revealed to Rigzone that the organization has not seen an overall impact on production, despite wildfires in the state. “We understand production may fluctuate as companies take measures […]

Philippines
Crude Oil News

Philippines to extend Chinese oil and gas exploration campaign as geopolitical tensions rise

March 1, 2024 Mariel Alumit

(Bloomberg) – The Philippines is working to explore other parts of the country that are potentially rich in oil and gas, according to an energy official, as talks with Beijing on joint resource development in […]

VAALCO Energy
Big Oil Companies

VAALCO Energy joins ExxonMobil, Chevron offshore West Africa with $66.5 million Svenska Petroleum Exploration acquisition

March 1, 2024 Mariel Alumit

(WO) – VAALCO Energy, Inc. has entered into a sales and purchase agreement (“SPA”) to acquire Svenska Petroleum Exploration AB (“Svenska”), a privately-held exploration and production (“E&P”) company based in Stockholm, Sweden. Svenska’s primary asset […]

Oil Projects
Big Oil Companies

Norway Greenlights Startup of Aker BP, ConocoPhillips Oil Projects

March 1, 2024 Mariel Alumit

ConocoPhillips Co. and Aker BP ASA have received consent from Norwegian authorities to start production in two separate oil projects in the North Sea. Expected to go onstream by March, the northern part of the […]

BP
Big Oil Companies

BP to Invest $1.5B in Egypt

February 29, 2024 Mariel Alumit

BP Plc plans to invest about $1.5 billion in Egypt during the next few years as it seeks to develop gas projects and drilling in the North African country. The spending, which will be net […]

Texas
Exploration and Production

Texas Fires Threaten Nuclear Weapons Plant to Oil Refining

February 29, 2024 Mariel Alumit

Rampaging wildfires burning through Texas are threatening everything from oil refineries to cattle ranches and prompted a temporary evacuation of the main US nuclear weapon assembly plant. Texas Governor Greg Abbott issued a disaster declaration for 60 counties as […]

Oil Prices
Big Oil Companies

Oil Prices Dip Despite Production Cut Hopes As Unexpected Inventory Build Emerges

February 29, 2024 Mariel Alumit

Oil Prices Dip Despite Production Cut Hopes as Unexpected Inventory Build Emerges U.S. crude oil inventories unexpectedly surged, pushing oil prices lower despite anticipation of extended production cuts by OPEC+. The American Petroleum Institute (API) […]

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