Business/economics
The asset sale to an undisclosed buyer includes 360,000 net acres in Oklahoma.
Phase 1 of the lease agreements calls for 2D and 3D seismic over the blocks.
Evolution Well Services will deploy electric pressure pumping units for Northeast Natural Energy, which operates in the Marcellus Shale.
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Schlumberger has decided to quit the seismic acquisition business due to poor financial returns. -
Total just strengthened its presence in United States deepwater plays through an acquisition from Samson that gives the French company a 12.5% interest in blocks covering the Anchor discovery, one of the most significant recent finds in the Gulf of Mexico.
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Aqualis Offshore and Aker BP have signed a 5-year frame agreement. Aker was awarded 23 new production licenses by the Norway Ministry of Petroleum and Energy on 16 January.
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The company’s 31 licenses highlight a record-high total awarded during the latest APA round, which is aimed at developing mature areas of the NCS.
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SPE’s Aberdeen section has chosen the finalists for this year’s Offshore Achievement Awards, which will take place 22 March at the Aberdeen Exhibition and Conference Centre.
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Petrobras and Total have executed two major transactions involving deepwater, presalt development assets offshore Brazil, with Total becoming the first major international company to operate a Brazil presalt field.
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The industry has figured out how much opportunity lies in the Permian Basin’s Delaware subbasin, and the Delaware play is now dominating US unconventional oil activity, Citigroup’s Jeff Sieler told the SPE Gulf Coast Section reservoir group recently.
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The US is putting its offshore assets up for sale to compete for exploration dollars as offshore drilling begins to grow again.
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Natural gas is the only fossil fuel that will maintain its share in the energy mix of the coming decades, mainly supported by policies to reduce air pollution and greenhouse gas emissions.
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C-Innovation formed a turnkey subsea projects group based in Edison Chouest Offshore’s Houston office. The vertically integrated network of affiliate companies will provide support for complex projects.
