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Diamondback is slated to become the Permian’s latest pure-play giant with its pending purchases of Energen and Ajax Resources. -
ExxonMobil and Hess led the way in the most active regionwide US gulf lease sale thus far.
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Hydraulic fracturing is now a little bit easier for US shale operators thanks to readily available horsepower and in-basin sand.
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The Italian firm is slated to become the first international operator to produce oil from Mexican waters since energy reform took hold. The launch of early production from Area 1 is expected in first-half 2019.
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BP ends a year of speculation as to who will buy BHP Billiton’s much-coveted US unconventional business, transforming its Lower 48 portfolio in the process.
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Today’s advancements in unconventional technology are worth marveling over, but there is still plenty of room for growth.
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Norway hopes for a continued rise in offshore exploration and development activity to ensure steady oil and gas production through the next decade.
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The $28-billion Shah Deniz Phase 2 project off Azerbaijan will supply gas to Europe through the Southern Gas Corridor pipeline system.
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Saudi Aramco’s aim to localize oilfield services in the kingdom is taking another step forward with an onshore drilling partnership with National Oilwell Varco.
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Already poised to produce more than 500,000 B/D offshore Guyana, ExxonMobil added yet another discovery to its bounty in the emerging regional oil powerhouse, meaning a fourth development phase could be in order.
