TotalEnergies Reserves Hull for Development Offshore Suriname

TotalEnergies operates Block 58, with partner APA Corp., and expects to make a final investment decision in fourth quarter 2024, while initial production is slated for 2028.

US Oil, Gas Rig Count Falls to Lowest Since January 2022

The oil and gas rig count, an early indicator of future output, fell by six to 594 in the week to June 7, decreasing for the second time in three weeks. 

Texas Startup Hopes Fourth Time's a Charm to Build First Big US Oil Refinery Since 1977

Element Fuels Holdings, a Dallas-area startup proposing to build the first all-new U.S. oil refinery in nearly 50 years, on June 6 said it was relaunching efforts to build a large plant in South Texas.

Hunting for Growth: Petro-Hunt Digs Deeper into Delaware, Williston

Dallas-based Petro-Hunt, one of the nation’s largest private oil and gas producers, is drilling in the Permian and Williston basins—and keeping an eye out for accretive M&A.

Aker to Provide EPC Services for Azule Energy’s Angola Projects

Aker Solutions secured a long term frame agreement worth between $47 million and $142 million with Azule Energy to provide EPC services for brownfield projects and modifications for two FPSOs in Angola.

Vital Energy’s 57 Miles of Completed Lateral: A Midland Mega-unit

Vital Energy’s 20-well unit in southwestern Glasscock County, Texas, is producing some 18,000 bbl/d from some 300,000 feet of horizontal hole — the equivalent of more than two marathons.

Weatherford to Deliver Drilling Services to Bapco Upstream in Bahrain

The contract with Bapco Energy subsidiary Bapco Upstream replaces Weatherford’s old drilling services contract from 2015.

CNOOC Makes Major Discovery in South China Sea

CNOOC said the Lingshui 36-1 gas field has been tested to produce over 10 MMcm/d of open flow natural gas.

Exxon Mobil Taps Technip, Turner for Louisiana CCUS Project

Exxon Mobil has contracted Technip Energies and Turner Industries to help build a CCUS system capable of conditioning, compressing and transporting, for eventual storage, up to 800,000 metric tons per year of CO2.

Found in Mitchell County, Permian Basin: 2.5-mile Wolfcamp Stepouts

Bayswater Exploration & Production has taken its Midland Basin oil play far east into Mitchell County where a high carbonate content “gives us a chance to really compete with the big guys.”