Chris
Mathews
Hart Energy
‘Too Many’ Players: Oilfield Services Feel Permian M&A Crunch—Dallas Fed
After a historic run of E&P consolidation, oilfield services and equipment providers in the Permian are competing to woo a dwindling number of upstream customers, according to the second-quarter Dallas Fed Energy Survey.
TotalEnergies Acquires License Offshore São Tomé and Príncipe
TotalEnergies will assume operatorship and a majority stake in the license offshore Africa.
Longevity in Mind, Utah FORGE and Partners De-risk Tech to Advance Geothermal
RESMAN Energy Technology used its chemical tracers for the first time in an enhanced geothermal setting during testing at Utah FORGE’s drilling site.
Surge of Longer Lateral Drilling to Enhance Reservoir Recovery
With energy demand growing, operators look to supply hydrocarbons by drilling longer wells.
E&P Highlights: June 24, 2024
Here’s a roundup of the latest E&P headlines, including TotalEnergies working with Nigeria to reach FID on the Ubeta gas field and Chevron signing production sharing contracts for two blocks offshore Equatorial Guinea.
IEA: EV Growth Could Displace Up to 12 MMbbl/d by 2035
The Paris-based IEA says up to 12 MMbbl/d of oil demand could be displaced by 2035 due to the rapid uptick in electric vehicle usage globally—especially in the U.S., EU and China.
At Last, AI Brings Good News for Gas Producers
Is artificial intelligence humanity’s power-hungry new friend?
Oceaneering Nabs GoM Umbilical Contract Worth $50MM
Offshore services firm Oceaneering secured a large contract with a domestic independent energy customer in the Gulf of Mexico.
TGS to License Tanzania’s Offshore Subsurface Data
TGS, in an agreement with Tanzania’s Petroleum Upstream Regulatory Authority, reserves the right to license all of the country’s offshore data, acquire future seismic data and reprocess existing data.
Costly Consequences as E&Ps Navigate Methane Mitigation
Oil and gas companies are adjusting to an evolving emissions reduction landscape as state and federal regulators target methane emissions.