Management
The ruling means the state will take over permitting and enforcement of EPA regulations pertaining to all classes of wells, including injection wells for carbon dioxide storage.
Proposed and final notices of sale represent nearly 80 million acres in the Gulf of Mexico and approximately 1 million acres in Alaska’s Cook Inlet.
The US and UK sanctioned Russian independent Lukoil International and state-owned Rosneft in a bid to pressure Russia over Ukraine.
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More than half of the oil and gas production in the region is shut in. -
Hurricane Zeta is intensifying as it approaches the US Gulf of Mexico coast of southeastern Louisiana, where it is expected to make landfall around 4 p.m. CST today. View a video of Zeta posted by the US Air Reserve Hurricane Hunters.
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Describing it as a “bolt-on” acquisition, the Marcellus Shale producer EQT expects the deal will boost its gas production by 10%.
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In his first remarks as SPE President, Tom Blasingame announced that the theme of his tenure is “Survive, Revive, and Thrive.”
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Evacuations in the GOM began on Monday, but so far nearly 50% of current oil production and 55% of natural gas production in the region is shut-in due to Tropical Storm Zeta.
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The Canadian oil company consolidation formula looks a lot like the one offered by US shale producers.
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In an updated projection, Rystad said that a breakeven of only $50/bbl is needed to produce 100 million BOPD in 2025, reflecting the reduction in oil-production costs.
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The EPCI contract for the Breidablikk development includes provision of flexible jumpers and rigid pipelines as well as pipeline installation work. About 70% of the value creation in the Breidablikk development phase is expected to go to Norwegian companies.
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In another all-stock transaction, one of the largest operators in the Permian Basin is set to add nearly 250,000 acres to its portfolio and swell oil production to more than 300,000 B/D.
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Marking the end of a 2-year existence, Riviera is preparing for liquidation and dissolution. The sale of its upstream and midstream assets for $146 million will deliver a $1.35-per-share cash dividend to shareholders. By the end of this year, the company will cease to exist.
