Business/economics
After a decade and a half of declining production, Uzbekistan, ranked 15th worldwide in gas output, has been seeking foreign partners to revive and reverse the fortunes of its oil and gas industry.
While often associated with smaller discoveries, subsea tiebacks are playing a growing role in contributing to the broader energy mix.
The Houston-based enhanced geothermal developer scored $1.9 billion in an initial public offering, positioning it to expand projects in Utah and Nevada.
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The deal boosts Talos' 2019 production by 35%, helping the independent E&P company become one of the top 10 producers in the Gulf of Mexico. -
The US major will keep its overall budget flat for a third straight year, but the expectation of lower oil and gas prices long-term will result in tax impairment charges of $10 billion–$11 billion. More than half of those charges will come from its Appalachia Shale gas assets.
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Hamm, who has served as CEO since founding Continental in 1967, will become executive chairman effective 1 January.
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The data analytics firm projects US dry gas output growth will shrink to 2 Bcf/D next year from 8–9 Bcf/D in 2018 and 2019.
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The resignations come as the company makes downward revisions to its production guidance after a disappointing performance from its TEN and Jubilee fields offshore Ghana.
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Under the agreement, the Oklahoma City independent will monetize half of its working interest in 133 undrilled locations in the form of a $100-million drilling carry during the next 4 years.
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The group will shed an additional 500,000 B/D of oil production through March 2020, bringing the total curtailment to 1.7 million B/D.
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Calgary-based Colombia producers Canacol Energy and Parex Resources led all firms by gaining three blocks each, with one more counteroffer from Parex pending review.
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DeepOcean has agreed to a contract with Equinor to provide subsea inspection, maintenance, and repair (IMR) services offshore Norway. The contract, which will last up to 9 months, includes use of the Normand Ocean vessel for offshore work. The work primarily involves subsea ROV operations covering IMR activities for Equinor’s assets on the Norwegian Continental Shelf,…
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The American Petroleum Institute has published a significantly updated version of a key safety standard aimed at enhancing the oil and natural gas industry’s commitment to worker safety, incident prevention, and environmental protection in offshore operations.
