Valeura Energy Updates Jasmine Development Offshore Thailand
Valeura Energy has seen aggregate oil production of 10,000 bbl/d in its offshore Gulf of Thailand development over a seven-day period.
GeoPark Announces Production Start at Argentina’s Confluencia Norte
GeoPark expects production at the Confluencia Norte Block in Rio Negro, Argentina to reach its peak within 90 days of startup.
TGS Awards First 3D Streamer Contract for Summer 2025
The contract for TGS’ first 3D streamer acquisition for Northwest Europe’s summer season will begin in May 2025.
Brazil’s Mero-3 Offshore Development Reaches First Oil
With the start-up of Mero-3, the production capacity of the Mero field has reached 590,000 bbl/d.
The Latest
Understanding the Impact of AI and Machine Learning on Operations
Advanced digital technologies are irrevocably changing the oil and gas industry.
Baytex Completes Sale of Kerrobert Thermal Asset for $42MM
Baytex Energy’s divested Kerrobert non-core thermal asset can produce approximately 2,000 bbl/d of heavy oil.
Tracking Frac Equipment Conditions to Prevent Failures
A novel direct drive system and remote pump monitoring capability boosts efficiencies from inside and out.
STEP Energy Services Drops Go-Private Deal as Shareholders Balk
STEP Energy Services has terminated its agreement with ARC Energy Fund 8 to go private in an all-cash transaction for CA$5 per share.
Baker Hughes: US Drillers Keep Oil, NatGas Rigs Unchanged for Second Week
U.S. energy firms this week kept the number of oil and natural gas rigs unchanged for the second week in a row.
Surge Closes on Divestment of Alberta Non-Core Gas Assets
Surge Energy said it has focused on developing its core Sparky and southeast Saskatchewan crude oil assets, leaving the Alberta non-core assets undercapitalized.
Permanent Magnets Emerge as a Game-Changer for ESP Technology
In 2024, permanent magnet motors installations have ballooned to 11% of electric submersible pump installations, and that number is growing.
Exxon Mobil Completes Purchase of FPSO Offshore Guyana
Exxon Mobil Corp. paid $535 million to SBM Offshore for the FPSO, which will operate the unit through 2033.
DNO, OKEA Trade Prospect Interests in Norwegian Sea
DNO picked up shares in the Mistral prospect of the Norwegian Sea while reducing its stake in the Horatio prospect.
ProPetro Agrees to Provide Electric Fracking Services to Permian Operator
ProPetro Holding Corp. now has four electric fleets on contract.