Empire Taps Schlumberger to Help Unlock Potential Northern Territory Shale Resources
Plans are for Schlumberger Land Rig 183 to drill to a depth of about 2,900 m, allowing Empire to evaluate the targeted Velkerri Shale and Kyalla Shale, the company said in a news release.
Shell to Acquire Environmental Services Firm Select Carbon
Shell did not disclose a value for the deal, but said it will help in contributing towards the company’s ambition of being a “net-zero emissions energy business by 2050 or sooner.”
Drilling Activity in 2020 Forecast to Hit At Least 20-year Low
The number of oil and gas wells to be drilled globally this year is expected to plunge to the lowest level since at least the beginning of the century, according to analysis recently published by Rystad Energy.
Woodside Petroleum to Take $4.37 Billion Loss from Coronavirus
The bulk of the impairment—$3.92 billion—is tied to Woodside cutting the value of oil and gas production and exploration assets, amid "increased uncertainty" over the development timing of gas fields off Australia and in Canada.
E&P: July 2020 International Drilling Activity Highlights
Check out the latest oil and gas drilling activity highlights from around the world featured in the July issue of E&P including two significant oil discoveries offshore Mexico and Chesapeake Energy Marcellus Shale completions in Pennsylvania’s Susquehanna County.
Chevron’s Stake in Australia’s Biggest LNG Project for Sale
Analysts said it made sense for Chevron to sell its North West Shelf LNG stake now, after it failed to seal a deal to supply gas to the plant from its undeveloped Clio and Acme fields.
Australian State Recommends Approving Controversial $2.5 Billion Santos Gas Project
The recommendation, following a three-year review, was handed over June 12 to the state’s Independent Planning Commission, which now has 12 weeks to determine whether the A$3.6 billion ($2.5 billion) project should go ahead.
Energy A&D Transactions from the Week of June 10, 2020
Here’s a snapshot of recent energy deals including the closing of Apergy’s multibillion-dollar merger with Ecolab’s upstream business to form ChampionX.
Energy A&D Transactions from the Week of June 3, 2020
Here’s a snapshot of recent energy deals including the closing of the sale of ConocoPhillips’ Northern Australia business for nearly $1.4 billion.
ConocoPhillips Completes $1.39 Billion Sale of Northern Australian Business
ConocoPhillips had previously announced the sale of its Australia-West assets and operations to partner Santos in October 2019.