Oil Prices Rise In Quiet Christmas Eve Trade Amid Supply Cuts
Oil prices rose on Dec. 24 in thin pre-Christmas trading after Russia's energy minister said cooperation with OPEC to support the market would continue and as analysts forecast a second weekly decline in U.S. crude inventories.
Shell Makes ‘Significant’ Gas, Condensate Find Offshore Australia
The discovery was located within title AC/P64 about 160 km (99 miles) northeast of the Shell-operated Prelude floating LNG facility.
ConocoPhillips Farms In To Otway Basin Offshore Australia
ConocoPhillips has reached an agreement with 3D Oil to take a 75% interest and operatorship of an exploration permit offshore Australia in the Otway Basin, the U.S. major said Dec. 18.
Australia’s Santos Raises Forecast For 2025 Production By 20%
The company plans to produce 120 million barrels of oil equivalent (MMboe) a year by 2025, up from a forecast of 100 MMboe previously.
Best Of This Week’s Drilling Activity Highlights (Nov. 22, 2019)
More EOG Wolfcamp completions, Cabot Marcellus Shale results and a Powder River Basin wildcat top this week’s drilling activity highlights from around the world.
Australia’s Woodside Sees Reserve Base Tripling As New Projects Progress
Success in those projects would result in its reserve base reaching 3.7 billion barrels over the next seven years and help Woodside expand production by 6% a year over the next decade, the company said.
Australia’s Woodside, BHP Agree On Tolling Terms For Scarborough Gas
The breakthrough follows months of talks between the two companies over what to charge for processing gas from the field through Woodside’s Pluto LNG plant.
BHP Group Taps Mike Henry For CEO Role
Henry was named Nov. 14 as the successor to Andrew MacKenzie.
Miner BHP Taps Oil, Gas For Growth After Shale Exit
Last year, BHP ended a massive loss-making seven-year foray into shale by selling most of its U.S. onshore shale oil and gas assets to BP for $10.5 billion.
Australia Bustling With Exploration And Discovery
The energy industry witnessed record production as state governments and operators ramped up operations.