Author hkrichiedistribution
Shearwater GeoServices has been given a conditional letter of award for a 2D seismic acquisition and fast-track processing project by Total E&P South Africa B.V. The survey at block 11B-12B will be Shearwater’s first project offshore South Africa. It has a base duration of two months starting in Q4 2019 and covers an initial program
Graeme Fergusson sees life in the death of an oil field. Five years ago, the blonde-haired native of Aberdeen, Scotland had a fairly conventional role in the industry, focusing on squeezing every drop of crude from reservoirs in the North Sea. But a brush with the worst oil slump in a generation sent his career
The Keystone crude pipeline was shut Wednesday after leaking thousands of barrels of crude in North Dakota, the third spill along the pipeline’s route in less than three years. TC Energy Corp.’s 590,000 bpd pipeline that carries crude from Alberta to refineries in the U.S. Midwest and Gulf Coast ruptured October 29 and caused a
The downturn in shale drilling has been so steep and brisk that oilfield companies are taking the unprecedented step of scrapping entire fleets of fracing gear. With almost half of U.S. frac firepower expected to be sitting idle within weeks, shale specialists including Patterson-UTI Energy Inc. and RPC Inc. are retiring truck-mounted pumping units and
America’s two biggest oil majors are leaning on booming shale production in the Permian basin, the once-overlooked region in West Texas and New Mexico, to weather the gathering macroeconomic storm of lower oil demand, weak commodity prices and slowing global growth. Exxon Mobil Corp. said Friday its production from the basin rose 70% in the
New York rested its securities-fraud case against Exxon Mobil after nine days of trial testimony without appearing to produce any definitive evidence that the oil company intentionally misled investors about how it accounted for climate-change risks. Exxon began presenting its first witnesses on Friday and may wrap up its defense late next week. The company
Kosmos Energy made an offshore oil discovery in Equatorial Guinea, according to the Ministry of Mines and Hydrocarbons. The S-5 well was drilled to a depth of 4,400 meters and encountered 39 meters of net oil play in the Santonian reservoir in the offshore Rio Muni Basin, the ministry said in an emailed statement. Hot
The UK fracing industry suffered a fatal blow as the Conservative government ended its support for the controversial practice. The move, just weeks ahead of a general election, effectively bans new wells using hydraulic fracturing technology. Companies from Cuadrilla Resources Ltd. to Ineos Group Ltd., had been hoping to exploit reserves trapped in difficult-to-tap shale
Fluor Corporation announced that its consortium with the Branch of KMG Engineering LLP KazNIPImunaigas was awarded a three-year engineering services agreement, plus two potential one-year extensions, by Karachaganak Petroleum Operating B.V. (KPO) for projects at its Karachaganak Field in Kazakhstan. Fluor booked the undisclosed contract value in the third quarter of 2019. “This important award
Exxon Mobil could take a pass on what it considers the world’s top deep-water oil discovery when Brazil puts the giant Buzios field up for auction next week. The Irving, Texas-based oil titan already has a large portfolio of offshore Brazil blocks it built up in recent years when access to one of the world’s