EIA: US natural gas production will establish new monthly record high in 2022
The US EIA forecasts that US dry natural gas production will increase from 95.1 billion ft3/d in October 2021 to 97.5 billion ft3/d by December 2022.
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The US EIA forecasts that US dry natural gas production will increase from 95.1 billion ft3/d in October 2021 to 97.5 billion ft3/d by December 2022.
Hunting PLC has announced an agreement to form a new 49:51% joint venture with Jindal SAW Ltd.
The system will comprise of a blowout preventer (BOP) stack as well as an 8202 ft (2500 m) riser package.
The company has selected the Exalo #202 rig for the upcoming drilling programme at the Cabora Bassa project.
The contract is for a firm term of 1040 days with commencement expected in December 2022.
DeltaTek has experienced significant expansion in the last year, having entered new markets and delivered operations in the Gulf of Mexico, West Africa and Asia Pacific.
A jack-up rig has commenced activities on the Etame 8H-ST development well, which is expected to be completed in January with production expected later in 1Q22.
The deal would create a global top 20 oil and gas company and make Santos the largest shareholder in PNG's biggest resource project, the PNG LNG project, run by ExxonMobil.
The plans are part of the corporate-wide effort to reduce upstream greenhouse gas emissions intensity by 40-50% by 2030, compared to 2016 levels.
The tie-back project will reach a production of 40 000 boe/d in mid-2022.
The company has set annual capital spending through 2027 at US$20 billion to US$25 billion.
In the company's upstream business, approximately US$8 billion is allocated to currently producing assets, including about US$3 billion for Permian Basin unconventional development and approximately US$1.5 billion for other shale and tight assets worldwide.