Region-wide oil and gas lease sale for Gulf of Mexico announced
The Bureau of Ocean Energy Management will offer over 78 million acres for a region-wide lease sale scheduled for 18 March 2020.
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The Bureau of Ocean Energy Management will offer over 78 million acres for a region-wide lease sale scheduled for 18 March 2020.
The company has reported 4Q19 revenues of US$2.28 billion, an increase of 7% compared to 3Q19 and a decrease of 5% compared to 4Q18.
The company has started acquisition of the Plains 3D seismic survey in the Northern Shelf area of the Midland Basin in Texas, US, and Ravenclaw 3D in the Edson area of Alberta, Canada.
The two companies are to acquire a series of large-scale, high-density, multi-client surveys in the Central Basin Platform (CBP) of the Permian Basin.
The company's second subsea tree injection manifold has completed all testing and is now ready for deployment for hydraulic intervention operations.
The flow control equipment supplier has created a US subsidiary, Oxford Flow Americas, and appointed Andy Ghiz as VP, Americas.
The company secured contracts in the Gulf of Mexico and the North Sea during the second half of 2019.
The company has announced estimated 4Q19 earnings of US$5.7 billion.
DOF Subsea has secured contracts for pre-lay and LBL array installation activities in Guyana, subsea installation work in Trinidad and well-head removal work in Canada.
Chevron Corp. has reported a loss of US$6.6 billion (US$3.51) per share - diluted) for 4Q19, compared with earnings of US$3.7 billion (US$1.95 per share - diluted) in 4Q18.
If fraccing activity were to be eliminated on federal acreage the result would be a widespread shift of capital from federal to private and state-owned acreage in a bid to replace the lost oil volumes, according to Rystad Energy.
Through December 2019, the Texas Petro Index lost 9.4% of its value since the February 2019 cyclical peak.