Asset Management
With $9.6 billion in assets in the market, the focus is shifting from who is exiting Southeast Asia to who is positioning for entry through acquisition, according to Rystad Energy.
Despite significant progress in capturing associated gas for domestic use, Iraq remains the world’s third-largest gas-flaring country as it aims for higher oil and gas production targets.
Transaction adds 90,000 net acres and 68,000 BOE/D of production as Crescent expands its South Texas footprint.
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Dugong could become a new North Sea production hub says offshore explorer Neptune Energy upon its latest discovery. -
The Gulf of Mexico E&P exited its first bankruptcy quickly with a strategy that included the acquisition of Noble Energy’s GOM assets, which increased its production volumes 25% when the WTI approached $80/bbl. Fieldwood’s financial woes in today’s economics may be tougher to overcome.
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Nearly 90% of geothermal capacity built since 2000 is binary cycle.
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ExxonMobil is reluctant to join other big oil companies writing down the value of their reserves. It could chop its reserves by 20%, but it has not made a final decision.
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The Pennsylvania-based producer will leave Louisiana where profiting from tight-gas fields has proven difficult and focus on its legacy assets in the Marcellus Shale.
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Supermajor announces actions to achieve net-zero ambition and reshape business. It also noted that it will not seek to explore in countries where it does not already have upstream activities.
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Citing impacts from COVID-19, Noble Corp. is entering into a prearranged agreement with its bondholders that will give it a fresh start with a new line of credit.
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Saudi Aramco has suspended the contract for the Seadrill co-owned jackup drilling rig for up to 1 year.
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Brazilian oil and gas company Petrobras has reached a production record on Búzios field located in the Santos Basin pre-salt offshore Brazil.
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Malaysian oil company Petronas has hired Maersk Drilling’s rig Maersk Developer for a one-well exploration campaign off the coast of Suriname.
