US Producers remain disciplined in production growth despite rallying oil price
GlobalData forecast model measures the reaction of rigs to three different price levels, with WTI = US$ 55/70/85 per barrel of oil.
Exploration
Russia plans to become one of the biggest players in hydrogen production
The global drive towards decarbonization is shifting Russian policy on renewable energy. For years, Russian...
ExxonMobil make fresh oil discovery offshore Guyana
The Whiptail-1 well has encountered net pay of 246ft in high-quality oil-bearing sandstone reservoirs.
Angola’s Sonangol declared as sole owner of investment in Galp
In 2019, Exem was seeking to legitimise the alleged 40% share transfer in Esperaza, which...
Wellesley to swap certain Norwegian assets with Equinor Energy
Wellesley will retain a 23.7% stake in the Grosbeak discovery as well as 40% stakes...
Fugro secures subsea inspection contract for Cygnus field in the UK
Fugro will inspect the subsea infrastructure, including pipelines and structures, as well as undertake survey activities.
Aker BP makes minor gas discovery in Barents Sea offshore Norway
The discovery's 1.6 and 2.1 million standard cubic metres of recoverable oil equivalent range is not considered to be profitable.
Oil Search turns down $6.5bn takeover offer from Santos
Papua New Guinea-focused Oil Search described the all-share proposal as too low but will pursue further talks.
United Oil & Gas makes oil discovery at Egypt’s Abu Sennan concession
The AJ-8 well, based on interpretations, has a total of more than 40 metres of net oil pay across three different reservoir units.
IOG reports flow test results at Elgood well in North Sea
The test has resulted in a maximum flow rate of 57.8mmscf/d of gas and 959bbl/d condensate at the well.
Adnoc awards contracts worth $750m to boost production capacity
The contracts for artificial islands in two offshore fields have been awarded to Adnoc Drilling, Schlumberger, and Halliburton.
