The Latest

E&P Highlights: May 20, 2024

Here’s a roundup of the latest E&P headlines, including development of the Belinda Field in the North Sea to new contract awards and service company acquisitions. 

Permian Recycling Facility Passes 50 MMbbl of Water Recycling

Occidental Petroleum and Select Water Solutions have collaborated on water treatment and recycling at the site since 2021.

Key Energy Buys Endeavors’ Well Servicing Business

Key Energy Services’ deal comes as Endeavor Energy Resources is selling its upstream assets to Diamondback Energy.

Seatrium Awarded Contract for FPSO Bound for Guyana’s Stabroek

The topsides fabrication and integration contract will be for the FPSO Jaguar, bound for the Whiptail Field in the Stabroek block offshore Guyana for Exxon Mobil.

Seadrill Sells Three Jackups for $338MM to Gulf Drilling International

Seadrill Ltd. is also selling its 50% equity interest in the joint venture that operates the rigs offshore Qatar.

Third Suriname Find for Petronas, Exxon Could Support 100,000 bbl/d FPSO

A recent find offshore Suriname in Block 52 by Petronas and Exxon Mobil could support a 100,000 bbl/d FPSO development, according to Wood Mackenzie.

US Drillers Add Oil, Gas Rigs for First Time in Four Weeks: Baker Hughes

The oil and gas rig count rose by one to 604 in the week to May 17.

Apache CEO: Longer Laterals Expected as Permian Enters New Era

With more than a decade of development in the Midland and Delaware basins, there are more limitations that operators will have to work around, said Apache Corp. CEO John Christmann at Hart Energy's SUPER DUG Conference & Expo.  

Kimmeridge’s Mark Viviano on Reshaping the Energy Sector, SilverBow-Crescent Deal

Kimmeridge Energy Engagement Partners’ Mark Viviano says the company is evaluating the Crescent Energy and SilverBow Acquisition and how Kimmeridge played a key role in transforming the shale sector in this Hart Energy Exclusive interview.

SUPER DUG Shale 4.0 Era about Building Scale- Rystad

The Shale 3.0 era or capital discipline era will be followed by the Shale 4.0 era, which will see companies focused on building scale, according to Rystad Energy Senior Shale Analyst Matthew Bernstein.