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No gas or commercial reservoirs have been found in the first-ever exploration well off Lebanon’s coast, according to Energy Minister Raymond Ghajar and the Total exploration firm.

Thai energy company PTT Exploration and Production announced two deep­water oil discoveries in the Salina Basin, offshore Mexico.

The number of active natural gas rigs in the US fell further to 80 on 8 May. The number had dipped to 85 on 21 April, the lowest number since August 2016, according to the Baker Hughes rig count.

The oil market is likely facing the largest monthly drop in fracturing activity ever recorded in the US, according to Rystad Energy analysis.

US oil producers ExxonMobil and Chevron announced they are tightening output, for combined global shut-ins of 800,000 B/D, in response to plunging crude prices and shrinking fuel demand.

This paper describes a smart-tracer-portfolio testing and design solution for multistage hydraulic fracturing that will, write the authors, enable operators to reduce operating cost significantly and optimize production in shale wells.

The complete paper demonstrates the benefits of honoring data measurements from a multitude of potential sources to help engineers do a better job of including more diagnostics into routine operations to provide additional insight and result in improved models and completion designs.

Even before the global pandemic impacted markets, decommissioning work in the North Sea region was expected to increase. Global decommissioning projects could reach $42 billion by 2024.

To meet the targets of the UN Sustainable Development Goals by 2030, countries must safeguard the gains already attained and accelerate efforts to achieve affordable, reliable, sustainable, and modern energy for all.

Recently, SPE presented the latest in its series of live panel discussions on LinkedIn, addressing sustainability in the oil and gas industry using the theme of “Measuring What Matters.”

The company’s first report on global emissions shows that, while the US emits the most, Canada has the highest emission intensity and Norway has the lowest.

The contract is Mammoet’s biggest in terms of aggregate tonnage. The Arctic LNG 2 project reached FID in September 2019.