Asset Management
With a strong presence across US shale in the Bakken, Anadarko Basin, Powder River Basin, and the Permian, Continental Resources is expanding into Argentina’s Vaca Muerta shale as the privately held E&P giant pursues international growth.
Equinor, Aker BP, and Vår Energi will combine resources and expertise to pursue some of the largest remaining exploration opportunities on the Norwegian Continental Shelf.
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President Tom Blasingame reminds SPE members that the pandemic is not over and that SPE has a long way to go before significant revenue is realized. However, SPE’s commitment remains strong to maintain consistent, high-quality services to its members—not only in good times, but in difficult times as well. -
The development scheme may include possible tie-in to the nearby Solveig field.
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The deal gives Houston-based Vencer Energy 44,000 acres and 40,000 BOE/D of baseline production.
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The South African Development Community has agreed to send up to 3,000 troops to contain Mozambique’s terrorist insurgency after Total declared force majeure and evacuated all personnel from its Mozambique LNG worksite.
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Delek Drilling’s deal to sell Abu Dhabi’s state-owned Mubadala Petroleum its stake in Israel’s offshore Tamar gas field kicks off what the Abraham Accords envisioned as the kind of business cooperation that could bring peace to the Middle East and prosperity to the East Med.
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The US shale producer exited bankruptcy in February and said it will seek a new permanent CEO.
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Up to 10 FPSOs could be needed to fully develop the discovered resource base in the area.
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With Chevron out of the picture, Iraq may turn to China to buy ExxonMobil’s 32.7% stake in West Qurna-1, or it may buy some or all of the stake itself to meet an end of June deadline to complete the sale.
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Better planning, estimating, and monitoring of costs throughout an asset’s life is key to better decision-making.
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Russia’s second-largest gas producer plans to raise $11 billion with the help of China, Japan, and Europe.
