E&P Highlights: June 17, 2024
Here’s a roundup of the latest E&P headlines, including Woodside’s Sangomar project reaching first oil and TotalEnergies divesting from Brunei.
Sea Power: Noble’s Deal Fires Major Volley in Offshore, Services M&A
Noble Corp.’s $1.6 billion acquisition of Diamond Offshore Drilling may seem like small potatoes compared to the upstream sectors’ massive megadeals, but service sector consolidation could snowball, analysts said.
Permian To Drive Two-thirds of US Oil Output Growth Through '25 – EIA
The Permian Basin will drive U.S. oil production growth for the foreseeable future, according to the U.S. Energy Information Administration. But Permian associated gas growth continues to pressure the natural gas industry.
Worley to Service BP’s Global Site Projects
BP and Worley’s collaboration plans to save an initial estimated $40 million over two years across BP’s sites where Worley holds a service contract.
Exclusive: Blue Latitudes’ Ever-evolving Process to Decommission Offshore Rigs to Reefs
Environmental consulting firm Blue Latitudes looks at decommissioned offshore rigs as potential fisheries habitats, and the process is always evolving as the energy industry evolves, Amber Sparks, co-founder of Blue Latitudes, told Hart Energy's Jordan Blum at the Offshore Technology Conference.
Markman: Pre-season Jitters in the Hurricane Zone
If hurricane predictions are correct, oil and gas fortunes could be in hot water.
E&P Highlights: May 28, 2024
Here’s a roundup of the latest E&P headlines, including production start up at a field using an innovative emissions reduction technology.
SEC Climate Rule: The Devil's in the Lack of Details
The Securities and Exchange Commission’s climate disclosure rules requires companies to report a lot of information — from greenhouse-gas emissions to potential weather impacts that could have a material business impact. But the devil’s in the lack of details.
E&P Highlights: May 20, 2024
Here’s a roundup of the latest E&P headlines, including development of the Belinda Field in the North Sea to new contract awards and service company acquisitions.
CoolCo, GAIL Enter Long-term LNG Agreement
CoolCo and GAIL’s agreement is intended to secure long-term LNG supply in India’s market, with GAIL having an option to extend the 14-year agreement by another two years.