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Even though costs and market conditions are important for the development of the Vaca Muerta formation, regulation and trust in the fiscal and regulatory framework are fundamental to attract the required investments. And HSE rules are a key component in the regulatory framework. 

To go big on capturing CO2, the oilfield service company is acquiring a company that specializes in going small.

As it reaches for net-zero emissions, the company said its operations offshore Norway remain central to its long-term strategy.

Two contracts awarded for flowlines and wellheads at ADNOC’s Abu Dhabi oil fields are expected to be completed in 5 years. A third contract to develop a bypass system for its Jebel Dhanna and Fujairah terminals is expected to be completed in 30 months.

The Broadside exploration well in Block TTDAA 3 within BHP’s Southern Deepwater Acreage was drilled in September.

Hess Corp. sold its stake in the Shenzi development to BHP for $505 million to help pay its share of the cost of developing discoveries offshore Guyana.

Drilling rig scheduled to arrive on 27 October.

Dutch oil major Shell is looking to further develop its North Slope oil position in Alaska. The company’s offshore unit applied to form the West Harrison Bay Unit offshore from the National Petroleum Reserve–Alaska with plans for drilling and exploration.

Warrego Energy and partner Strike Energy spudded their second well, West Erregulla 3 (WE3) in the Perth Basin onshore West Australia.

Equinor issued a letter of intent to Odfjell Drilling and its semisubmersible rig Deepsea Aberdeen for the drilling of 15 wells for the Breidablikk Group, which recently submitted the plan for development and operation. Drilling is scheduled to start in spring 2022 with the campaign estimated to last through autumn 2024.