E&P Highlights: Feb. 24, 2025
Here’s a roundup of the latest E&P headlines, from a sale of assets in the Gulf of Mexico to new production in the Bohai Sea.
Energy Transition in Motion (Week of Feb. 21, 2025)
Here is a look at some of this week’s renewable energy news, including a record for community solar capacity in the U.S.
E&P Highlights: Feb. 18, 2025
Here’s a roundup of the latest E&P headlines, from new activity in the Búzios field offshore Brazil to new production in the Mediterranean.
PrePad Tosses Spreadsheets for Drilling Completions Simulation Models
Startup PrePad’s discrete-event simulation model condenses the dozens of variables in a drilling operation to optimize the economics of drilling and completions. Big names such as Devon Energy, Chevron Technology Ventures and Coterra Energy have taken notice.
Ecopetrol Closes $452MM Deal for Repsol’s Interests in Colombian Block
Ecopetrol has completed a deal with Repsol Colombia Oil & Gas Ltd. to acquire its 45% participation interest in CPO-09 Block—assets GeoPark Ltd. had originally proposed buying.
Hess Corp. Bucks E&P Trend, Grows Bakken Production by 7%
Hess Corp. “continues to make the most of its independent status,” delivering earnings driven by higher crude production and lower operating costs, an analyst said.
Perission Petroleum Extends Colombian Assets Sale
The sale was delayed due to pending formal confirmation regarding the extension of Perission Petroleum’s E&P license in Colombia, specifically for Block VMM-17.
GeoPark Ends Plans to Purchase Repsol’s Colombian Assets
Repsol’s partners exercised their rights to acquire Repsol Colombia O&G Ltd., which included interest in CPO-9 Block and SierraCol Energy Arauca LLC, after the purchase was announced.
Guyana Exported a Total of 225 Crude Cargoes in 2024
Guyana, Latin America's newest oil producer, is now the region's fifth largest crude exporter after Brazil, Mexico, Venezuela and Colombia.
Panama Canal Traffic Rose in Dec, but Waterway Still Has Empty Slots
Some vessels, including LNG tankers, have continued using alternative routes due to the canal's increase in passage fees in the last decade.