Management
The agreement follows the discovery of 724 million BOE in unconventional oil and gas reserves in November.
Westwood links 2026 exploration outcomes to policies, with operators offshore Norway finding seven times more resources than those offshore the UK.
The purchase includes approximately 260 producing wells and expands Caturus’ footprint in the Eagle Ford and Austin Chalk.
-
Shell ended the year by announcing more writedowns, pushing the total near $22 billion, and raising questions about the future of its Appomattox platform in the Gulf of Mexico -
In a year defined by a historically harsh oil-price crash that rippled with collateral damage across the industry, the most-read JPT report of 2020 was about a well so different, it needed a new name.
-
The two deals have a combined valued of $3 billion and involve more than 81,500 acres in the Midland Basin of Texas.
-
Technology company Proserv Controls has formed an alliance with software engineering firm Intelligent Plant in an effort to combine their expertise to improve control systems and data analysis.
-
The UN says the 2020 Climate Action Summit delivered a surge in progress toward climate goals.
-
Sale to Total was completed 10 November
-
With one of the world’s lowest electrification rates, Mozambique is moving to give its citizens a brighter future. Together with South Africa’s Sasol, the country endeavors to attract global EPCM companies and international financing to create a power generation hub fueled by gas from onshore fields.
-
The new deal will focus on developing Arctic onshore blocks in a region where a successful LNG project already exists.
-
Shale-based associated gas production is behind the phenomenon. When oil prices do not support production, associated natural gas production also stops, with little to no consideration of natural gas prices.
-
The country has announced that it plans to phase out all oil extraction by 2050.
