Pitts: US Energy Pioneers, Capital Wanted for Vaca Muerta
Despite its vast potential, Argentina lacks the resources—both in capital and technical expertise—to fully tap the potential of the Vaca Muerta play.
E&P Highlights: Nov. 25, 2024
Here’s a roundup of the latest E&P headlines, including North Sea production updates as well as major offshore contracts and a transfer of interests by Exxon in Suriname.
More Oil, Gas Exploration Needed Now—WoodMac
New discoveries can reduce costs and emissions intensity while delivering value for resource holders and explorers, Wood Mackenzie analysts said.
Suriname's Staatsolie Says Exxon has Withdrawn from Offshore Block
Suriname's state-run oil company Staatsolie said on Nov. 20 that U.S. oil giant Exxon Mobil has withdrawn from its offshore block 52, and block operator Petronas Suriname E&P will take over its 50% stake.
TotalEnergies Awards SBM Offshore FPSO GranMorgu Development Contract
SBM will construct and install a floating production, storage and offloading vessel for TotalEnergies alongside its partner Technip Energies, the company said.
GeoPark Announces Production Start at Argentina’s Confluencia Norte
GeoPark expects production at the Confluencia Norte Block in Rio Negro, Argentina to reach its peak within 90 days of startup.
Interoil Extends Asset Life with Successful Well Intervention in Colombia
Interoil’s intervention brought production at Vikingo well back up to 400 bbl/d of oil.
Exxon Mobil to Sell Vaca Muerta Assets in Argentina to Pluspetrol
Exxon Mobil is divesting some assets, including plans to divest some of its Bakken holdings, following its $60 billion acquisition of Pioneer Natural Resources.
E&P Highlights: Oct. 28, 2024
Here’s a roundup of the latest E&P headlines, including a new field coming onstream and an oilfield service provider unveiling new technology.
Texas Gas Vital to Mexico’s Nearshoring Boom
Continued U.S. piped-gas exports to Mexico bode well for Eagle Ford and Permian producers.