ConocoPhillips
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The trend toward drilling longer horizontal wells is growing with lateral lengths of 3 miles reached. -
French major plans to spend $2 billion on the Libyan field to raise production to 100,000 B/D, and add solar power to the national grid.
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Talks between the operators of a trio of competing projects remain active as Canada looks to cut emissions by 40% over the next decade.
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Shell is getting out of the Permian by selling out to ConocoPhillips, which has added to its bets in the west Texas play for the second year in a row.
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The energy transition was present but not at center stage at recent earnings calls as majors celebrated their improving financial performance.
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A fast-moving pressure pulse is the priority of a research and development initiative that, if successful, will result in a new diagnostic technology for horizontal wells in tight reservoirs.
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Recent decisions by US market regulators reflect growing pressure on the largest US oil producers to back up emissions targets with more detailed strategies through disclosures.
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ConocoPhillips, Pioneer view Exxon, Chevron as prime movers to bring investment back into the play.
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The Houston-based oil and gas company has expanded its footprint in the liquids-rich Permian by more than 550,000 acres.
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The new field is the fourth exploration well the operator has drilled offshore Norway in the past 16 months.
