Jennifer
Pallanich
Hart Energy
E&P Highlights: Dec. 4, 2023
Here’s a roundup of the latest E&P headlines including a number of field development project contract awards.
Petrobras Eyes Capex of $102B Under New Strategic Plan
Petrobras plans to invest $102 billion between 2024-2028 under its new strategic plan, up 31% compared to their 2023-2027 plan, aiming to achieve production of 3.2 MMboe/d by the end of the five-year timeframe.
Commentary: LatAm Outlook 2024—Top Five Economies to Watch and Why
In 2024, energy investors interested in Latin America will likely find the most attractive opportunities linked to developments in Argentina, Brazil, Guyana, Mexico and Venezuela. That’s if they can hold their nerves amid ongoing uncertainties mainly tied to politics in many of the countries.
Head of Exxon Mobil’s Lithium Project says Drilling to Start Soon
Exxon Mobil is drilling about 10,000 ft deep in the Smackover Formation to tap into the lithium market, eyeing first production in 2027.
E&P Highlights: Nov. 20, 2023
Here’s a roundup of the latest E&P headlines, including expanded work offshore Gabon and new contract awards.
CIP Begins Constructing 495-MW Wind Farm in Alberta
CIP's wind farm will feature 83 Siemens-Gamesa wind turbines, producing enough power for more than 240,000 homes.
Water Recycling Costs Starting to Even Out with Older Oilfield Disposal
While injecting frac water into the ground remains the cheapest means of disposal, new methods of recycling are starting to catch up.
Exxon Eyes Total Guyana Production of 620,000 bbld with Payara Startup
Exxon Mobil is eyeing gross production of 620,000 bbl/d offshore Guyana in the Stabroek Block in the first half of 2024 with the start-up of its third project Payara, which has a production capacity of 220,000 bbl/d.
CNOOC’s Bozhong 19-6 Begins Production
CNOOC's shallow water field’s production is expected to peak at 37,000 boe/d in 2024.
Aramco Brings Tight Gas Online at South Ghawar
Aramco’s onshore facilities in the South Ghawar began production two months ahead of schedule.