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No liquid hydrocarbons were recovered from the initial exploration well, and Hilcorp and Otto have agreed that the low flow rates observed are not sufficient to economically justify the future costs of a fracture stimulation, facility and pipeline connection.
The company has reduced its 2020 CAPEX forecast by approximately 30%.
The company's operating cash flow totalled US$597 million, a 22% increase compared to the second quarter. Third-quarter oil production increased 19% year-over-year, exceeding guidance.
The Whale FPU comprises a topside module and a four-column semi-submersible floating hull, with a combined weight of 25 000 t. Slated for completion in 2022, it will operate in the Alaminos Canyon Block 772.
Fluor’s scope of work at the Karachaganak field in Kazakhstan includes feasibility studies, front-end engineering design and other engineering services.
Under the terms of the agreement, Emerson will provide dedicated servers and associated hardware infrastructure to Petrobras and manage those systems on its behalf.
Eric Lookofsky and Matt Miller, Newpark Drilling Fluids, USA, discuss how key facility investments have aided the development of drilling, completion and stimulation products.
Achieving the 10 000 stages milestone fulfills the Equinor vision for Reveal Energy Services, an Equinor spin-out in 2016, to commercialise and further develop IMAGE Frac™ pressure-based fracture maps.
The licence and assurance will allow certain US and US-owned or controlled entities and also non-US entities to continue providing goods, services and support to Rhum beyond 31 October 2019; when the current licence expires.
The company has announced 3Q19 sales and revenues of US$12.8 billion, a 6% decrease compared with US$13.5 billion in 3Q18. The decrease has been attributed to a US$1.2 billion movement in dealers’ inventories.
Based in the company’s Houston headquarters in Texas, US, McClure will work closely with CEO Janette Marx to achieve Airswift’s growth plans.
Talos plan to use Trendsetter’s TC7 clamp connectors and ancillary equipment on the Bulleit development located in the Gulf of Mexico’s Green Canyon 21 block.