Lucid’s Delaware Basin footprint overlays some of the most economic crude oil and natural gas producing acreage in North America. Current rig activity supports over 20 years of drilling inventory on Lucid’s greater than 600 000 dedicated acres
The paper describes how a combination of machine learning and rock physics helped leverage legacy seismic and well data for the characterisation of a carbonate geothermal reservoir located in the Dogger Formation northeast of Paris, France.
A new centre for well control training has opened in North East England to train drilling personnel in the oil and gas industry.
In a meeting in the corporate assembly of Equinor ASA on 7 June 2022 Michael D. Lewis was elected as new member to Equinor’s board of directors and Anne Drinkwater was elected as deputy chair of the board of Equinor.
LUBNOR is the fourth asset to have the purchase and sale agreement signed as part of the commitment signed by Petrobras with CADE in June 2019 to open the refining market in Brazil.
Welltec is now the largest shareholder of Isealate, and will be exclusive global partner to the innovative company based in Stavanger, Norway, providing patented patch-thru-patch technology.
Digitalisation and robotics in day-to-day oil and gas operations, is enabling the industry to improve productivity and profitability, says GlobalData.
The company has signed an agreement to reprocess over 5100 km2 of 3D seismic data over Blocks 8 & 9 in the offshore Liberia basin.
The agreement will provide FutureOn’s FieldTwin Design software for use on strategic field development projects across the Norwegian oil and gas sector on an ongoing basis.
The ten-year agreement aims to ensure predictability, which will be important to both parties in times of many great and important opportunities.
Shell Overseas Investments B.V. and B.V. Dordtsche Petroleum Maatschappij – subsidiaries of Shell plc – have signed an agreement to sell Shell Neft LLC, which owns Shell’s retail and lubricants businesses in Russia, to PJSC LUKOIL.
The company has reached an agreement to sell its Romanian upstream affiliate, ExxonMobil Exploration and Production Romania, to Romgaz for more than $1 billion, subject to government approvals.
The company has announced it will spend more than US$1 billion over the next five years securing energy supplies for the UK and speeding the transition to net zero.
Strong initial performance from new Gulf of Mexico production and onshore wells, balance sheet strengthening with debt reduction announcement, and increasing shareholder returns.
1Q22 safety results show a stable trend in the number of serious incidents and with regards to personal injuries. No incidents with major accident potential have been recorded during the first quarter.