SLB to Manage Construction of Deepwater Wells for Petrobras

SLB will work off nine ultra-deepwater rigs to oversee the construction of deepwater wells as part of the $800 million, three-year deal with Petrobras.

Exclusive Occidental, CrownRock Merge Into Team of Overachievers

Thaimar Ramirez, president and general manager for Occidental Petroleum’s Midland Basin Business Unit, said 100 days after closing the CrownRock acquisition production guidance keeps going higher.

E&P Highlights: Dec. 9, 2024

Here’s a roundup of the latest E&P headlines, including a major gas discovery in Colombia and the creation of a new independent E&P.

Pickering: Will Improving Drilling Efficiencies Outrun Inventory-led M&A?

Concerns on remaining inventory are a big driver of M&A activity, but improving drilling efficiencies allow for low rig counts to keep high production, says Dan Pickering, the chief investment officer of Pickering Energy Partners.

Kolibri CEO Expects Tishomingo Well Pad to be 'More Economic'

Kolibri Global Energy Inc., an operator in the Tishomingo Field in Oklahoma, reported strong performance at its Alicia Renee well pad.

E&P Highlights: Dec. 2, 2024

Here’s a roundup of the latest E&P headlines, including production updates and major offshore contracts.

Pickering on Permian: Marginal Barrels, Stripper Wells, More

As the Permian Basin matures and global oil demand grows, Dan Pickering, chief investment officer for Pickering Energy Partners, offers his thoughts on the basin’s future, costs, demand and the price of oil.

EON Enters Funding Arrangement for Permian Well Completions

EON Resources, formerly HNR Acquisition, is securing funds to develop 45 wells on its 13,700 leasehold acres in Eddy County, New Mexico.

Scout Taps Trades, Farm-Outs, M&A for Uinta Basin Growth

With M&A activity all around its Utah asset, private producer Scout Energy Partners aims to grow larger in the emerging Uinta horizontal play.

Valeura Energy Updates Jasmine Development Offshore Thailand

Valeura Energy has seen aggregate oil production of 10,000 bbl/d in its offshore Gulf of Thailand development over a seven-day period.