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LNG
ExxonMobil’s Far East “RUexit” Deals Blow to Rosneft’s LNG Ambitions
The US oil and gas company's exit from Russia amid the ongoing military conflict freezes the Russian Far East LNG project and cripples Rosneft’s ambitions to become a competitive global LNG supplier.
Geothermal energy
Nabors Investment Seeks To Bring Plasma Drilling to Forefront of Geothermal Developments
Founded in 2008, GA Drilling is developing plasma-based tools to achieve drilling speeds that are about three times faster than what conventional bit technology has historically achieved.
Business/economics
Crude Market Attempts To Rebalance as Russian Exports Seek New Buyers
Among the biggest questions for crude markets today is where Russia’s export volumes are headed and to whom.
Field/project development
Shell Brings PowerNap Online, Revises Peak Production Estimate
Reservoir's permeability prompted a lower peak production estimate at deepwater field.
SPE News
In Memoriam-March 2022
This section lists with regret SPE members who recently passed away.
Exploration/discoveries
Shell’s Namibia Wildcat Encounters Light Oil
Partners confirm find, begin planning for additional well in the area.
Water management
NGL Energy, XRI Agree to Delaware Basin Water Collaboration
The companies will leverage each other’s experience and assets to offer full-cycle water-handling services in West Texas.
Exploration/discoveries
New Malaysian Bid Round Launched
Malaysia Bid Round 2022 is promoting 14 exploration blocks in addition to known discovery areas.
Exploration/discoveries
Eni’s First Offshore Exploration Well in Abu Dhabi Strikes Gas
Gas discovery the first from nation’s offshore exploration concessions.
Production
W&T Offshore Acquires US GOM Producing Properties
The deal adds 5.5 million BOE of proved and probable reserves.
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