TOPICS OF INTEREST
Saudi Aramco Announces Two New Fields, One Is Unconventional
The national oil company’s remote northern region has delivered a pair of greenfields that await further drilling before a reserves estimate can be made.
Turkey Announces Country’s Biggest Gas Discovery, Says More To Come
Seeking to become an energy producer, the Middle Eastern country is exploring for natural gas in the Black Sea and the Eastern Mediterranean Sea.
Norway Opens New Realms of Arctic Oil Exploration
A new licensing round will open up 136 blocks in the Arctic Barents Sea.
Equinor Strikes Oil at New North Sea Discovery
Because the greenfield can use existing infrastructure, the Norwegian operator says it will count as a low-carbon development.
Saudi Aramco Set To Make $110-Billion Investment in Tight Gas
The first of three major unconventional developments in Saudi Arabia has been given the green light. The project will underpin the country's goal to become a top gas exporter by 2030.
Eni Makes Another Discovery Offshore Mexico, Expects Several More
The Italian oil and gas company has found its second big well offshore Mexico and is setting its sights on several more in the near future.
ExxonMobil: Another Guyana Discovery, Ups Recoverable Reserves, Adding a Drillship
Guyana continues to strengthen its reputation as the world’s fastest growing offshore exploration hotspot.
2020 Will Be Year of New Directions and Complex Choices for Oil and Gas Industry
Amid weakening confidence and volatile market conditions, greater efficiencies and decarbonization are at the center of the industry’s agenda.
Nine Months After Discovery, Eni Starts Offshore Angolan Oilfield
The Italian oil and gas company used a “fast track” model to get the first production well flowing from the Agogo field.
Discovery Suggests Guyana Bounty Extends Offshore Suriname
A significant discovery of oil off Suriname increases the odds that major oilfields off Guyana will extend across that international boundary.
Egypt Awards Oil Majors First Red Sea Blocks
The Arab world’s most populous country has awarded a string of concessions in a bid to become the region’s next major supplier of natural gas.
Pemex Makes 500 Million Barrel Discovery
The Quesqui field is expected to be the biggest onshore find in Mexico since 1987.
Dominican Republic’s Offshore Future Begins With First Bid Round
The Caribbean nation hopes the auction will lead to at least two exploration projects in a region that has become increasingly attractive thanks to new discoveries and investments made in neighboring countries.
Wood Mackenzie: Peak Oil Demand Is Coming, Will Transform Exploration Sector
The confluence of alternative energies, shifting public sentiment, and the industry’s own improvements to existing fields may upend the industry’s “engine of growth.”
Hurricane Hits First Oil From Basement Reservoir in North Sea
This new development is the first to recover commercial quantities of oil in the UK from reservoirs that are generally considered non-productive.
Blacktip: Shell’s New Discovery in the Gulf of Mexico
The explorer has so far encountered 400 ft of reservoir pay zone in an area where it has three other producing fields.
CNOOC’s “Major Find” In North Sea Is Biggest In 11 Years
The state-run offshore company has found a gas and condensate field that holds an estimated 250 million BOE.
Mexico’s Giant Zama Discovery Gets New Interest Owner
DEA Deutsche Erdoel is buying Sierra Oil & Gas, giving the German operator stakes in six new blocks off Mexico—including the Zama discovery, where appraisal drilling is now under way.
Data-Analytics Method Helps Engineers Optimize Well Placement Under Uncertainty
Well-placement optimization is one of the more challenging problems in the oil and gas industry. Although several optimization methods have been proposed, the most-used approach remains that of manual optimization by reservoir engineers.
BP Brings in Prolific Gas Well in Mancos Shale
At an initial production rate of almost 13 MMcf/D, BP’s new well has achieved the highest early-production level in 14 years for a well in the San Juan Basin of Colorado and New Mexico.
US Sanctions Hit New Russia Projects, Add Uncertainty
The new US sanctions against Russia will place added restrictions on international companies taking part in oil development projects with Russian companies and raise doubts about Russia’s plans to expand pipeline exports.
Joint Venture Hits Historic Mexico Oil Discovery
A major offshore discovery led by Talos Energy is the first successful wildcat well drilled by a private company in Mexico in almost 80 years and a milestone for the country’s recently enacted energy reform.
Lebanon Eager To Award First Offshore Contracts, Become Gas Exporter
Untapped offshore gas reservoirs could easily meet all of the country's domestic needs, while the rest could supply regional neighbors.
First Oil From Kraken: Offshore Project To Increase UK Production by 15%
30 years after being discovered in the North Sea, this heavy-oilfield is now flowing.
Round Two in Mexico: 10 More Offshore Fields Awarded
The upstream sector for Mexico’s offshore oil and gas fields continues to diversify after its most recent tender.
The Price is Finally Right for Indian Gas Megaproject
Reliance Industries and BP are going forward with the expansion of a huge field off the east coast of India that is expected to fill 10% of the country’s energy needs.
Shell: New Deepwater Project Can Break Even Below USD 40 Oil Price
The international major's low-cost development plan calls for a subsea tieback that will transport oil and gas through a single flowline to an existing floating production facility.
Mexico’s Deepwater Auction a Success; Now What?
Mexico’s historic public tender for its deepwater real estate resulted in the awarding of eight out of 10 blocks on offer.
The Gravity of Oil and Gas Exploration
A Cold War technology invented to stealthily guide the United States Navy’s nuclear submarine fleet is now serving a much more peaceful purpose: aiding in the search for oil and gas deposits.
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15 September 2020
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15 September 2020