Oil & gas news

The Lewis Hills 3D volume is positioned in the Orphan Basin, with recent discoveries in the Flemish Pass and connecting further south to the productive Jeanne D’Arc Basin.

The Jabillo-1 well drilled by ExxonMobil in the Canje Block, offshore Guyana, did not show evidence of commercial hydrocarbons.

According to GlobalData’s latest report, ‘Bakken Shale in the US, 2021 – Oil and Gas Shale Market Analysis and Outlook to 2025’, Bakken Shale accounted for a mere 11% of oil and 2.8% of natural gas production in the US Lower 48 for 2020, which is a drop from 12% for crude oil and 3% for natural gas in 2019.

The acquisition will complement Stratagraph’s existing portfolio by adding nearly 20 mud logging units to the company’s fleet.

The project includes two blocks, 58 km2 in total, which are located 42 km offshore Mexico in the Gulf of Mexico.

The purchase from the unnamed company included 11 wireline trucks, eight offshore wireline skid units, four cranes, pipe recovery equipment and cased hole logging tools.

Qatar Petroleum has acquired interests in the South Outeniqua, DWOB and OBD blocks, all operated by TotalEnergies.

The Troll Nord licensees have been given consent to start up facilities and modifications associated with the Troll phase 3 project.

The Petroleum Industry Bill aims to reposition Nigeria's petroleum sector as an attractive investment destination as the energy transition intensifies competition for capital.

The US$17 million contract will see Petrofac fabricating, constructing and commissioning the topsides development.