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The major oil plays within the L48 region include the Permian, Bakken, Eagle Ford and DJ basins. Together, they are expected to cumulatively produce around 7.5 million bpd of crude oil in 2022.
ExxonMobil’s stake in Chad and Cameroon, previously estimated at US$360 million, contains fields producing 33 700 bpd.
The UK government is potentially facing three separate legal challenges as Greenpeace, Friends of the Earth and Uplift seek to stop up to 130 new oil and gas licences from going ahead.
The call for tenders to secure the drilling rig has been launched and should lead to a selection of the rig in the first quarter of 2023.
The contract, which is worth US$250 000, is scheduled for the first quarter of 2023 and expected to take around a month to complete.
ChampionX is first company to receive new annual supplier recognition award based on performance, service quality, and responsiveness.
Cassia C is expected to produce, at peak, about 200 – 300 million standard cubic feet a day of gas.
The discoveries were proven in 2017 and 2020 respectively and contain a total of 36.3 million bbl of recoverable oil equivalent.
The oil and gas industry leaders are steadily incorporating transition fuels as well as low-carbon and zero-carbon energy sources into their portfolios, says GlobalData.
“The decision by OPEC+ to continue with its recently agreed 2 million barrels per day (b/d) production cut through the end of 2023 is not a surprise”, says Ann-Louise Hittle, Vice President, Macro Oils, at Wood Mackenzie.
Calypso is Neptune Energy’s third discovery in six months on the Norwegian Continental Shelf.
The well was drilled about 17 kilometres north of the Heidrun field in the Norwegian Sea and 240 kilometres west of Sandnessjøen.