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Shell Secures 9 Blocks in Mexico Deepwater Bid Round
February 6, 2018
In the latest deepwater bid round for the Mexican Gulf of Mexico, Shell Exploración y Extracción de México, S.A. de C.V., (“Shell”) won four exploration blocks on its own, one with its partner Pemex Exploración y Producción and four with
ExxonMobil Plans to Triple Oil Production from Permian Basin by 2025
February 6, 2018
ExxonMobil is planning to tripe its crude oil production capacity in the Permian Basin by 2025 and expand its transportation infrastructure. The firm intends to reach daily production capacity to more than 600,000 oil-equivalent barrels from its operations in the
Imperial and Exxon to Spend $560 Million on Kearl Oilsands Mine to Boost Production, Canada
February 6, 2018
Imperial Oil says that production at the Kearl oilsands mine in 2020 will be about 60,000 bbls/d higher than it was in 2017. This will be the result of “improvement activities” conducted last year as well as a new project
Targa and MPLX to Build Gas Processing Plant in Oklahoma
February 5, 2018
Targa Resources has entered into an agreement to expand its natural gas processing joint venture with MPLX in Oklahoma. Through its existing 60/40 joint venture, Centrahoma Processing, LLC (“Centrahoma”), Targa and MPLX will construct a new 150 million cubic feet
Quantum Energy Acquires Premium Oilfield Technologies
February 5, 2018
Quantum Energy Partners has acquired Texas-based Premium Oilfield Technologies, a manufacturer of technologically differentiated consumable products used in oil and gas well drilling and completion activities. These products include extreme service pistons, liners, valves, and seats for high pressure mud
Chevron Makes Major Oil Discovery at Ballymore Prospect, Gulf of Mexico
February 5, 2018
Chevron and its partner Total have made a significant oil discovery in the deepwater US Gulf of Mexico following drilling at the Ballymore prospect. The Ballymore prospect is contained in water depth of 6,536ft in Mississippi Canyon. According to Chevron,
Hess to Invest $2.1 Billion in Oil Exploration and Production
February 5, 2018
Hess has announced its plan to invest $2.1bn in exploration activities this year, with a major focus on Bakken and Guyana. The firm intends to allocate increased budget to continue exploration and development activities offshore Guyana and for the Bakken
Four EPC Contractors Shortlisted for FEED Work on Kwispaa LNG Project, Canada
February 5, 2018
Steelhead LNG and Huu-ay-aht First Nations have shortlisted four engineering, procurement and construction (EPC) contractors to complete front-end engineering and design (FEED) work on the proposed Kwispaa LNG project in Canada. Located on the west coast of Vancouver Island, British
Trump’s Monuments Rollback Takes Effect, Allows New Mining and Drilling Claims, Utah
February 5, 2018
President Trump’s rollback of the Bears Ears and Grand Staircase-Escalante national monuments in Utah become official Friday, allowing private citizens and companies to make new oil, natural gas, and drilling claims. Trump on Dec. 4 signed a proclamation cutting Bears
U.S. Oil Production Hits Historic Milestone
February 1, 2018
U.S. oil production hit a historic milestone, pulling more than 10 million barrels per day out of the ground last November, according to the latest federal data. The U.S. Energy Information Administration reported Wednesday that crude production hit 10.038 million
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