While offshore investments are rising, particularly in deepwater fields, challenges persist due to project delays and inflation, according to Westwood analysis.
Delek US Holdings will sell its subsidiary, Delek US Retail, to Mexico conglomerate FEMSA in a bid to unlock value, Delek’s CEO said.
Brazil’s state-owned Petrobras reported average production of 2.7 MMboe/d in second-quarter 2024 as offshore production continues to ramps up.
Here’s a roundup of the latest E&P headlines including Energean taking FID on the Katlan development project and SLB developing an AI-based platform with Aker BP.
Despite a U.S. drilling slowdown, slightly offset by Permian Basin activity, NOV saw overall second-quarter revenue grow by 6%, although second-half 2024 challenges remain in North America.
WTI’s price is expected to stay in the low $80s/bbl.
BP and NGC signed a 20-year agreement to develop Venezuela’s Cocuina offshore gas field, part of the Manakin-Cocuina cross border maritime field between Venezuela and Trinidad and Tobago.
TotalEnergies expects to take a final investment decision on Suriname Block 58 in the second half of 2024 while searching for its next acquisition in Texas.
Companies across various sectors look to use STRYDE’s conventional and in-field processing services for 2D and 3D seismic surveys.
H&P expects the acquisition of KCA Deutag to expand its international footprint, particularly in the Middle East, and enhance its global onshore drilling role.