Management
Analysts at Enverus Intelligence Research and Rystad Energy report that US shale consolidation has largely run its course.
A Shell partnership with YPF marks a significant milestone for the Argentina LNG export facility, raising new questions about the nation’s potential to unlock the economic power of its vast shale reserves.
Updates about global exploration and production activities and developments.
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The well is in the Orange Basin where Shell and TotalEnergies made significant oil finds on the Namibia side. -
New discoveries in the Meleiha concession add 8,500 BOE to production.
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At peak, the new discoveries are expected to contribute more than 12,000 BOPD.
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Oil find will be tied into existing infrastructure for development.
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The EU has voted to immediately ban Russian oil imports supplied by tanker, a two-thirds cut in deliveries, while member states aim for a 90% import shutdown by yearend when Germany and Poland have pledged to phase out their Russian pipeline supplies.
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In three separate incidents over the past 2 months, Chinese law enforcement vessels have challenged marine research and hydrocarbon exploration activities within the Philippines’ exclusive economic zone in the South China Sea.
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A group of 10 Republican states had petitioned the court to restrain the Biden administration from using the metric while their legal challenge was moving through the court system. The court denied that request in a one-line order but did not rule on the legality of the metric itself.
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The US has extended Chevron’s waiver to maintain its assets in sanctioned Venezuela through the end of November 2022 under the same limited terms as the previous extension.
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The exit comes after Equinor's presence of more than 30 years with the transfer of its interests in joint ventures to Rosneft and its stake in the Kharyaga PSA to operator Zarubezhneftegaz.
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The Barents Sea is the gift that keeps on giving for Equnior which has made its 10th sizeable discovery within the same license area.
