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.
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The Broadside exploration well in Block TTDAA 3 within BHP’s Southern Deepwater Acreage was drilled in September. -
Hess Corp. sold its stake in the Shenzi development to BHP for $505 million to help pay its share of the cost of developing discoveries offshore Guyana.
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Drilling rig scheduled to arrive on 27 October.
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Dutch oil major Shell is looking to further develop its North Slope oil position in Alaska. The company’s offshore unit applied to form the West Harrison Bay Unit offshore from the National Petroleum Reserve–Alaska with plans for drilling and exploration.
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Warrego Energy and partner Strike Energy spudded their second well, West Erregulla 3 (WE3) in the Perth Basin onshore West Australia.
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Equinor issued a letter of intent to Odfjell Drilling and its semisubmersible rig Deepsea Aberdeen for the drilling of 15 wells for the Breidablikk Group, which recently submitted the plan for development and operation. Drilling is scheduled to start in spring 2022 with the campaign estimated to last through autumn 2024.
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BP, in partnership with OQ, PETRONAS, and the Ministry of Energy and Minerals in Oman, announced in mid-October that production had begun from the Block 61 Phase 2 Ghazeer gas field, 33 months after the development was approved.
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Petrobras began negotiations with SBM Offshore to contract the floating production, storage, and offloading (FPSO) Almirante Tamandaré to be installed in the Búzios field in the Santos Basin.
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In 2020, several changes were made to increase the usability of the annual SPE Membership Salary Survey. Among the added highlights, the 2020 survey offers new analyses of compensation by engineering title and overall work experience.
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Many major oil and gas operators have announced their intentions to achieve various emissions goals. Obviously, the transition cannot be achieved with a simple flip of a switch and will require some time.
