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Business/economics

Heirs Holdings Buys 45% of Shell Nigeria’s OML 17 Field

The $533-million field has a production capacity of 27,000 BOE/D and estimated reserves of 1.2 billion BOE.

March 1, 2021 • Journal of Petroleum Technology
Decommissioning

Rincon Island Wells Plugged and Abandoned by State of California

One of the last oil facilities in state waters on the path towards full decommissioning slated to begin in 2022.

February 9, 2021 • Oil and Gas Facilities
Midstream

Gazprom Resumes Laying Nord Stream 2 Pipe as Germany, US Haggle Over Deal to End New Sanctions

The Nord Stream 2 consortium is laying pipe in Danish waters despite US sanctions. A deal is anticipated that will allow the pipeline to be built if Germany defends Ukraine’s interests as a transit state for Russian gas.

February 10, 2021 • Pat Davis Szymczak • Journal of Petroleum Technology
Business/economics

Montney Oil Companies Combine, and Profits Grow

Profits are up as drilling is down in Canada’s Montney play where a merger this week highlighted the continued drive to increase profits, which are benefitting from rising natural gas prices.

February 12, 2021 • Stephen Rassenfoss • Journal of Petroleum Technology
Exploration/discoveries

Exxon Declares a Dud at Second Guyana Well

The Hassa-1 exploration well in the prolific Stabroek Block was the giant’s second setback to its drilling campaign in recent months.

March 1, 2021 • Journal of Petroleum Technology
SPE News

JPT’s New Website

We’ve transformed our site to make it easier for you to find the content that is important to you and to enhance the value for our members.

March 1, 2021 • Glenda E. Smith • Journal of Petroleum Technology
Business/economics

Petrorecôncavo Buys Petrobras’ Onshore Bahian Stake for $30 Million

Since 2000, Brazilian Petrorecôncavo, which specializes in revitalizing mature onshore fields, has performed operations and project implementation services in most fields of the Remanso Cluster.

March 1, 2021 • Journal of Petroleum Technology
Sustainability

Elon And Exxon Agree: Carbon Capture Is Set To Explode in 2021

There is little question that carbon capture, storage, and utilization is destined to become one of America’s big growth industries in the years to come.

February 10, 2021 • Forbes • HSE Now
Business/economics

KrisEnergy Pumps Cambodia’s First Crude in 17 Years

After struggling for years to attract investors and develop its oil-rich fields, the kingdom will extract oil discovered in the Gulf of Thailand in 2004.

March 1, 2021 • Journal of Petroleum Technology
Exploration/discoveries

Zion Spuds the Israeli Megiddo-Jezreel #2 Well

With all permits, personnel, and equipment in place, Zion is set to operate the well.

March 1, 2021 • Journal of Petroleum Technology

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