Upstream news
Talos Energy increases 2024 operational and financial guidance following early closing of QuarterNorth acquisition
Talos Energy has provided an updated 2024 operational and financial guidance to reflect the closing of the QuarterNorth Energy acquisition earlier than expected. Prior guidance was based on an end 1Q24 close.
APA corporation to acquire Callon Petroleum company
APA Corporation and Callon Petroleum Company have entered into a definitive agreement under which APA will acquire Callon in an all-stock transaction valued at approximately US$4.5 billion.
Offshore approval wait times reach 562 days
Australia’s oil and gas industry has called for the Commonwealth to fix the offshore regulatory system after the logjam of energy supply and carbon capture projects awaiting approval was exposed.
Transocean Ltd. issues quarterly Fleet Status Report
The report provides the current status of, and contract information for, the company’s fleet of offshore drilling rigs.
US$800 billion upstream investment underlines the central role of oil and gas in Africa’s energy future
The African upstream oil and gas sector is in the middle of an US$800 billion capital expenditure (capex) programme that will see liquified natural gas (LNG) emerge as a major investment theme alongside traditional deepwater oil according to Wood Mackenzie.
Drilling at Mayaya Centro-X1 shows signs of a new oil basin
The drilling of the Mayaya Centro-X1 IE well (stratigraphic investigation), located in the north of the department of La Paz, shows signs of a new oil basin in the northern sub-Andean region, says President of YPFB.
TGS announces 3D expansion of onshore survey in the Midland Basin
TGS has announced a northern extension to its previously announced Pontiac 3D Survey in the Midland Basin, Texas, US.
Palantir Technologies Inc. and Azule Energy partner on software to optimise upstream production
Palantir Foundry will help Azule Energy manage their current 200 000 bpd oil production and support their growth goal of 250 000 bpd.
Jubilee field producing over 100 000 bpd
The Jubilee field offshore Ghana has surpassed 100 000 bpd after a second well was brought upstream.
Weatherford awarded drilling services contract from Aramco
Weatherford International has announced it has been awarded a three-year contract with Aramco to deliver drilling services.