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The Australian operator's A-6 offshore development, Myanmar's first ultradeepwater project, will supply gas to the country's domestic market, with some gas from Phase 1 also moving via pipeline to Thailand.

As completions activity slows down in the US, the second service company in a week’s time has said it is exiting the business of hydraulic fracturing.

Three appraisal wells drilled this year—GTA-1, Yakaar-2, and Orca-1—targeted nine hydrocarbon-bearing zones, encountering gas in high-quality reservoirs in all zones and yielding a combined 160 m of net pay.

As this year comes to a close, it has been defined by some big themes in oil and gas data management: innovation, collaboration, governance, stuck proofs of concept, trendy tech, and oil shaming.

BP has signed a deal with a joint venture between Petrofac and SOCAR, the Azeri state oil company, to support its osshore and onshore operations in the Caspian Sea. These include the offshore Azeri-Chirag-Gunashli and Shah Deniz fields, along with the associated Baku-Tbilisi-Ceyhan pipeline, the South Caucasus pipeline, and the Western Route export pipeline.

Harold Hamm will take over as executive chairman of Continental Resources effective 1 January 2020, stepping down from his CEO position. William Berry, a former ConocoPhillips executive and current member of Continental’s board, will succeed Hamm as CEO, and current president Jack Stark will assume the additional role of COO.

Chevron has signed a deal with Daewood Shipbuilding and Marine Engineering (DSME) to build a hull for the semi-submersible floating production (FPU) unit at its Anchor projec tin the US Gulf of Mexico. The contract maked the South Korean shipyard's first platform order in 5 years.

The latest move to consolidate the US shale sector will add 1,500 drilling locations to the buyer's portfolio. It also reflects that all-stock or mostly-stock deals are now the sector’s preferred acquisition vehicle.

The company said it will avoid the pumping business's “structurally disadvantaged position” and instead focus on well servicing and water logistics.

The company also secured $2.6 billion in exit financing facilities, including a $450-million revolving credit facility, as well as a $195-million letter of credit facility and more than $900 million of liquidity.

What is explainability in artificial intelligence, and how can we leverage different techniques to open the black box of AI and peek inside? This practical guide offers a review and critique of the various techniques of interpretability.

Lower oil prices and capital discipline are expected to result in a double-digit drop in shale and tight oil spending, while deepwater momentum is seen continuing. This comes as “massive investments” will be needed in the next decade to meet growing oil demand.