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Major oil discoveries by Armstrong Oil & Gas and ConocoPhillips have compelled the US Department of the Interior to reassess its estimate of undiscovered, technically recoverable resources in parts of Alaska. -
Schlumberger and Weatherford called off a joint venture, with Schlumberger buying Weatherford’s US fracturing assets outright.
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Low oil prices that forced operators to slash upstream spending budgets has led to the lowest level of discoveries in decades.
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Jeff Spath has been named the head of the petroleum engineering department at Texas A&M University.
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Touted as the Mediterranean Sea’s largest-ever gas discovery, the “supergiant” Zohr field is expected to cover much of Egypt’s gas demand in the coming decades.
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If proven economic, solar EOR technology could represent an environmentally and energy friendly solution for California’s heavy oil producers.
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With their newly refined portfolios, operators are looking toward growth in the coming years but will remain cautious given ever-changing industry economics.
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Optimism is slowly returning to the Norwegian E&P sector and an upcoming seminar will address the most vital issues facing the industry.
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With the API and a multi-operator group passing separate programs aimed at reducing methane emissions, the discussions on what defines an acceptable level of regulation continues within the industry.
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Statoil has submitted a long-awaited development plan for what will become Norway’s northernmost development.
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Finding niches that provide a competitive edge over larger operators has enabled Talos Energy to leapfrog into a powerful position with Mexico’s first offshore wildcat discovery.
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The Hebron field off the east coast of Canada has begun production 37 years after it was discovered. Production is expected to peak at 150,000 B/D and ultimately yield about 700 million bbl of oil over the field's life.
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