Exploration & Production - News
Patrick de la Chevardière has been Total CFO for the last 11 years and is reported to be succeeded by Jean-Pierre Sbraire, currently deputy CFO of the French oil and gas major.
Russia came in as China's largest crude oil supplier in December, cementing the top spot for all of 2018 for a third year in a row ahead of rival Saudi Arabia, customs data showed on Jan. 25.
At the World Economic Forum in Davos, heads of Chevron, BP, Shell, Total, Aramco and Exxon Mobil joined together to discuss two key topics—climate change and pressure from investors.
The growth in U.S. liquids production will be driven by major shale basins such as the Permian Basin in parts of Texas and New Mexico, a Rystad Energy report said.
The Texas Petro Index declined in November and December 2018 on the heels of 23 straight months of growth, in response to dramatic declines in crude oil prices in the last two months of the year.
Italian oil and gas group Eni is monitoring the situation in Venezuela very carefully but its production in the country for now is unaffected, a spokesman said on Jan. 24.
Premier Oil’s second appraisal well in the Zama project offshore Mexico showed more potential for oil, raising hopes of a huge discovery.
The JV was formed by H2O Midstream and Layne Water Midstream to develop and operate water infrastructure on the University Lands acreage across the Southern Delaware Basin.
The lawsuit is the latest effort by environmental activists to tighten drilling regulations in Colorado, which is the fifth largest oil-producing state in the U.S.
Russia should not unleash an oil price war against the United States but rather stick with output cuts even at the cost of losing market share in the medium term, one of the main Russian architects of a production pact with OPEC said.
The largest change is forecast in the Permian Basin of Texas and New Mexico, where oil production is expected to climb by 23,000 bbl/d to a record of about 3.85 million bbl/d in February.
Stroud Exploration has retained PetroDivest Advisors to sell its East Texas Cotton Valley mostly HBP assets in Rusk County, Texas.