Equinor and its partners AkerBP and Wellesley Petroleum have found gas in the Ørn exploration well south-west of the Marulk field in the Norwegian Sea. Recoverable resources are estimated at 8-14 million standard cu m of oil equivalent, corresponding to 50-88 million BOE...

ExxonMobil has announced it made an oil discovery on the Stabroek Block offshore Guyana at the Tripletail-1 well in the Turbot area. The discovery adds to the previously announced estimated recoverable resource of more than 6 billion BOE on the Stabroek Block. Tripletail-1 encountered approximately 33 m of a high-quality oil-bearing sandstone reservoir...

Talos Energy has announced that it has received a two-year contract term extension as well as regulatory approvals for additional exploration activities on Block 7, located offshore Mexico's prolific Sureste Basin...

Data Gumbo has announced that the Offshore Operators Committee (OOC) Oil & Gas Blockchain Consortium has awarded the company its first contract to implement a pilot blockchain in water haulage...

Helmerich & Payne has announced its quarterly dividend and provides an operational and capital expenditures update. On 4 September 4 2019, the Board of Directors of H&P held a meeting and declared a quarterly cash dividend of $0.71/share on its common stock...

Sonadrill, Seadrill's 50:50 joint venture with an affiliate of Sonangol, has secured a nine-well contract with six options, each for one well, in Angola for the Libongos drillship. The estimated total contract value is $101 million...

Maersk Drilling has announced that it has entered a contract with Petrogas to drill an appraisal well at the Birgitta field in the central part of the UK North Sea. The contract value is $7.6 million...

Although the Permian Basin still dominates US land drilling and will continue to do so in the near future, the pace of growth in this region has slowed significantly since late 2018...

The uncertainty in oil prices since late 2018 has led many operators in the Permian to pull back their activities this year as they strive for more capital discipline. This has been true for Parsley Energy, a Permian-focused independent oil and gas company founded in 2008...

Though set to become the world’s third largest gas producer by 2027, China’s imports will still grow in the long term. According to recent research by Wood Mackenzie, one key contributing factor is lower forecast in domestic gas production, particularly in shale gas and coal bed methane...