According to Rystad Energy, the UK offshore oil and gas industry is stirring back to life, fuelled by a robust uptick in the number of field development projects on which operators are expected to reach a final investment decision (FID) this year.
The company has announced one of its largest US Gulf of Mexico exploration finds in the psat decade from the Wale deepwater well.
CNX also sold a greater volume of natural gas in 4Q17 than in the same period the year before.
Spirit Energy is extending the life of one of its key North Sea fields by tapping into new reserves this year.
Total announces that the Fort Hills oil sands project located in Alberta, Canada, 90 km north of Fort McMurray, has achieved first oil and production is expected to ramp up over the next few months.
Total announces a major oil discovery in the Ballymore prospect, located deep offshore in the U.S. Gulf of Mexico (Eastern GoM). The well was drilled to a final depth of 8898 m and encountered 205 m of net oil pay in a high quality Norphlet reservoir.
These companies represent 61% of US shale oil production in 2018 and were chosen for their focus on oil output.
At least one well will be drilled to follow-up and appraise the Verbier oil discovery this year.
The well reached a total depth of 7717 ft MD in 22 days and ahead of schedule. First production from all three wells is expected March 2018.
A global oil producer has kicked off initial five well campaign.
NEL, the flow measurement R&D specialist, is the first laboratory in the world to invest in 2D flow visualisation technology, as part of its continual programme to deliver industry-leading test facilities.
Sec PV-10 value more than doubled to US$22.5 million while forward strip based PV-10 value was US$39.93
Targa will manage the construction of LM4 and will operate the plant. Hess Midstream’s 50% interest in the joint venture will be held through Hess TGP Operations LP, in which Hess Midstream owns a 20% controlling economic interest.
Iraq’s oil minister said that the country would follow the rest of OPEC in reducing output despite Baghdad’s attempts to increase oil export capacity.
Independent global completions service company Tendeka has completed field testing of its wireless intelligent completions technology, PulseEight.