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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NASA is undertaking a drilling project on the Moon—the first on any planetary body outside the Earth. The mission’s purpose, collecting subsurface soil and ice samples to search for water beneath the lunar surface, is being compared to collecting core samples on Earth and will use technologies, such as a rotary-percussive drill, that have been adapted from those for h… -
The government of Oman has transferred its stake in one of the Middle East’s largest oil blocks to a newly established firm. By royal decree, the new, state-controlled Energy Development Oman (EDO) will hold the country’s 60% stake in Block 6. The stake was moved from Petroleum Development Oman (PDO), another government-run company.
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South American country looks to revitalize its offshore oil industry by offering 32 new blocks for exploration
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Total number of applicants down for latest Barents Sea frontier licensing round.
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Independent producer’s 2021 exploration budget will remain flat at around $150 million.
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Ease of use and crowd-pleasing economics are driving US shale producers toward wet-sand completions. Chesapeake Energy is among the latest converts and explains why it wants to use wet sand on every new well.
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Oil major sells its holdings in Egypt’s Western Desert.
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Partnership will move forward with the multibillion dollar Australian gas and condensate development.
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Once heralded as a major achievement of Mexico's energy reforms designed to entice foreign investment, control of the Zama field has been in dispute for 2 years and is now likely to be decided by industry regulators.
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The major rule change adopted this month also gives oil and gas producers a deadline to capture 98% of their produced gas by 2026.
