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Barron Petroleum drilled a new discovery well in Val Verde County, Texas, finding an estimated 417 Bcf (74.2 million bbl) in oil and gas reserves.

CNOOC Limited’s Nanbao 35-2 oil field S1 area offshore China in the central Bohai bay began production. The oil field, fully owned by CNOOC Limited, has an average water depth of 17 m.

Pharos Energy, an independent E&P company, received approval from the Prime Minister of Vietnam for its Te Giac Trang (TGT) full-field development plan (FFDP), enabling the company to begin drilling six new producer wells in Q4 2021.

In addition to the well-recognized elements of digital transformation such as real-time monitoring, remote intelligence, and extraction of insights from data, there is a need to evolve the industry hardware through application of enhanced edge computing.

Petrobras completed a drillstem test (DST) in the Júpiter Discovery Assessment Plan, located in the Santos Basin pre-salt carbonate reservoir.

Equinor will drill three new wells at a cost of $219.3 million at the Martin Linge field in the Norwegian North Sea to ensure safe production after an analy­sis found four previous wells drilled there did not have necessary barriers.

Santos is a step closer to the go-ahead for its Narrabri coal-seam gas project after gaining approval from a government planning commission. It is planning workover activities on existing wells and an appraisal drilling program.

Critics of the new rule call it a de facto ban on new drilling and completions that will affect large portions of the state’s undeveloped oil and gas properties.

Shell's CEO said the Dutch supermajor has "too many layers" and that the move to downsize will help ensure its future. As a result, at least 9,000 people are expected to leave the oil and gas producer between now and 2022.

Wood Mackenzie is bullish on the future of global LNG demand. Chief Analyst Simon Flowers outlines the risks ranging from spot prices, project economics, and environmental concerns.

SPE’s technical director for Production and Facilities, shares some hard lessons learned—and successes—over his 50 years of experience, from being a greenhorn to launching his own business.

Brazil’s national oil company estimated a reduction of 22 to 38% in capital expenditures in E&P from its 2020–2024 strategic plan and expects to spend $6 billion through 2024 to decommission offshore platforms and wells and underwater gas pipelines.