Hess to focus on Guyana and the Bakken during 2020
Over 80% of the company's 2020 Exploration & Production capital and exploratory budget will be allocated to high return investments in Guyana and the Bakken.
Drilling & production
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SFX Energy provides update on drilling operations in Morocco and Egypt
The OYF-2 well in Morocco has been drilled to a measured depth of 1210 m and has encountered commercial quantities of gas in excess of pre-drill estimates.
Karoon Energy commences Marina-1 well drilling offshore Peru
The drilling operation by the Stena Forth drillship is estimated to take 30 days and shall drill to approximately 3000 m subsea.
ExxonMobil increases estimated recoverable resource base in Guyana
The company has also made a further oil discovery northeast of the producing Liza field in the Stabroek Block.
Sharjah National Oil Corporation announces first gas discovery in three decades
The Sharjah National Oil Corporation (SNOC) and its partner Eni, have announced a successful new discovery of natural gas and condensate onshore in Sharjah.
US crude oil production efficiency continues to improve
US oil production from tight formations increased in 2019, accounting for 64% of total US crude oil production, according to the US EIA.
Ocean Installer to install production flowline at Guillemot field
The contract was awarded by Dana Petroleum and will be executed by Ocean Installer’s office in Aberdeen, UK, with engineering work beginning immediately and offshore operations scheduled for 2Q20.
Tulip Oil gives update on Netherlands and Germany operations
The company has announced that the Q10-A field offshore the Netherlands produced 258 million m3 of gas during 4Q19, compared to 203 million m3 in 3Q19.
Worley to carry out FEED work on North Platte field development for Total
Located approximately 275 km off the coast of Louisiana, the North Platte field development includes a semi-submersible floating production unit (FPU) in water over 1300 m deep.
Halliburton release 4Q19 results
The company has announced a net loss of US$1.7 billion for 4Q19, compared to a net income for 3Q19 of US$295 million.
United Oil & Gas provides update on Abu Sennan ASH-2 well and Rockhopper acquisition timetable
ASH-2 which was drilled to a total depth of 4030 m in the Alem El Buieb (AEB) Formation onshore Egypt, has been completed to allow selective production from both an upper and lower reservoir interval.
SNC-Lavalin to provide FEED services in Haliba field
SNC-Lavalin will provide front-end engineering and design (FEED) services for the second phase of the Haliba field, located in Al Dhafra Petroleum’s concession area.
Santos announce 4Q19 results
The company recorded annual production of 75.5 milllion boe in 2019.
BW Energy completes second production well in Tortue field
The DTM-5H well marks the completion of the first of two new well clusters on the Tortue field, offshore Senegal and Mauritania, which will be tied back to the FPSO BW Adolo and boost oil output.
Cairn Energy provides operational update
Cairn Energy has provided an update on its operations in the North Sea, West Africa and Latin America.