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The Caribbean nation hopes the auction will lead to at least two exploration projects in a region that has become increasingly attractive thanks to new discoveries and investments made in neighboring countries.

First developed as a proprietary system by a large Permian Basin operator, this hydraulic fracturing schedule exchange will be run by a data company and opened up to the entire North American shale sector.

The UK shale operator will move forward with fracturing and testing its second well at its Lancashire site despite strict constraints on induced seismicity that hampered fracturing work on its first well.

The new milestone was reached less than a year after the country surpassed 11 million B/D last summer, and is driven by activity in the Permian Basin and new fields in the Gulf of Mexico.

The world’s largest oil producer has awarded $18 billion in engineering, procurement, and construction contracts as part of its Marjan and Berri expansion projects.

The Norwegian operator will increase its ownership of the giant Johan Sverdrup field before the field commences oil production this November.

Early production from Area 1 is the first output from an international operator in Mexico since energy reforms were implemented earlier this decade.

Moving their directional drillers into their Houston real-time remote operations centers has improved drilling efficiency for two of the top shale producers.

The confluence of alternative energies, shifting public sentiment, and the industry’s own improvements to existing fields may upend the industry’s “engine of growth.”

Energy consultancy Wood Mackenzie estimates the find holds some 2 Tcf of gas, making it this year’s seventh-largest discovery worldwide.

Baker Hughes is still a GE company, but it has partnered with a second company for artificial intelligence expertise, C3.ai. The deal is expected to speed the integration of AI into oilfield operations by the company which also markets GE’s device analytics platform, Predix.

The deal consists of stakes in nine shallow-water producing fields covering 108,000 gross acres in 10–50 m of water.