Post Tagged with: "onshore"

Courtesy of Enbridge

Oil Services Firm TechnipFMC to Split Into Two Publicly Traded Companies

From Reuters


Franco-American oil services firm TechnipFMC Plc (FTI.N) said on Monday it would spin off its engineering and construction operations into a separate company, leaving it as a technology-focused equipment supplier to oil and gas companies.

TechnipFMC, which had …

WoodMac: Onshore and Offshore Oil Now Have More in Common

WoodMac: Onshore and Offshore Oil Now Have More in Common

From The Houston Chronicle

After much of the energy sector abandoned deepwater drilling to focus on quicker and cheaper shale oil, the offshore and onshore industries suddenly have much more in common than they once did.

The two sectors are …

Source: Petrobras

Petrobras Sells Rights in 37 Oilfields for $823 Million

Sale of stake in 34 onshore fields in Rio Grande do Norte
Rio de Janeiro based Petrobras’ board of directors approved yesterday the full sale of its stake in 34 onshore production fields, located in the Potiguar Basin, in Rio

November 29, 2018 - 12:18 pm Closing Bell Story‎, International
TGS Announces Seventh Onshore Seismic Project for 2018

TGS Announces Seventh Onshore Seismic Project for 2018

From Globe NewsWire

TGS announces its seventh onshore seismic project for 2018, Dawson Phase II 3D seismic survey in Canada.

The Dawson Phase II 3D multi-client seismic survey is located in the province of British Columbia, Canada, east of TGS’ …

June 7, 2018 - 3:34 pm Canada, Closing Bell Story‎, Energy News
CNOOC 2018: 470 MMBOE Target, $11 Billion CapEx

CNOOC 2018: 470 MMBOE Target, $11 Billion CapEx

CNOOC Limited (ticker: CEO) plans to target 470-480 MMBOE for its net production goal in 2018. The geographic production areas are split between China (64%) and overseas (36%). The company’s net production for 2017 stood at approximately 469 MMBOE. As …

Valhall Drilling Platform, Norway

Hess Corporation Replaced 351% of Production for ~$5 F&D per Barrel

Hess Corporation (ticker: HES) reported a net loss of $2.677 billion, ($8.57) per share, in the fourth quarter of 2017. For reference, the company had a net loss of $4.892 billion in the fourth quarter of 2016.

Fourth quarter 2017 …

Emerson Process Management to Present at EnerCom Dallas 2018

Emerson Process Management to Present at EnerCom Dallas 2018

Emerson Process Management, a subsidiary of Emerson Electric (ticker: EMR), will be a presenter at EnerCom Dallas Feb. 21-22, 2018.

Emerson provides the oil and gas industry with automation products that enable optimal operation including:

  • Well monitoring & Integrity
  • Heater
IFR Tecolutla Map

International Frontier Resources Receives Mexican Drilling Permit

International Frontier Resources Corporation (ticker: IFR) has received a drilling permit for its onshore oil and gas block, Tecolutla, with its Mexican JV, Tonalli Energia.

Tonalli was granted the right to operate, develop and produce hydrocarbons at Tecolutla through a …

Alaska Regional Map

Regulators Reduce Offshore Drilling, Onshore Fracing Rules

Offshore rule amendments would save $228 million – BSEE

The Trump administration is fulfilling its promise to reduce oil and gas regulation, rolling back offshore and onshore rules.

The Bureau of Safety and Environmental Enforcement is considering revising the Production

BP U.S. Onshore’s Use of Smart Tech Drives 50% Reduction in Man Hours

BP U.S. Onshore’s Use of Smart Tech Drives 50% Reduction in Man Hours

BP’s U.S. onshore operations using drones, big data, augmented-reality smart glasses, multilateral wells

“If you look at any industry, every single one is being turned inside out by technology,” Brian Pugh, Lower 48’s chief operation officer – production said. “The …

BP Moving to Denver from Houston

BP Moving to Denver from Houston

BP seeks access to key producing basins in Rockies, sees move as strategic platform for growth

BP (ticker: BP) is moving a U.S. headquarters from Houston to Denver.

The company said its U.S. Lower 48 onshore Denver headquarters operations will …