Management
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.
-
The Offshore Technology Conference drew nearly 25,000 participants, showing renewed interest in in-person meetings following the successful ADIPEC and IPTC conferences. -
First well suffered mechanical issues, while the followup encountered noncommercial quantities of oil.
-
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.
-
At peak, the new discoveries are expected to contribute more than 12,000 BOPD.
-
Oil find will be tied into existing infrastructure for development.
-
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.
-
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.
-
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.
-
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.
