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ExxonMobil-led consortium discovers gas reservoir off Cyprus coast

Oil & Gas 360º

The Glaucus-2 appraisal well, completed in March 2022, confirmed the presence of a high-quality gas-bearing reservoir. For more information see our T&C. Despite finding natural gas at several locations around its southern coast, Cyprus has not yet extracted or commercialized any of these resources.

Gas 130
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USA EIA Reveals Latest USA Crude Oil Production Forecast

Rigzone

Energy Information Administration revealed its latest U.S. Energy Information Administration (EIA) revealed its latest U.S. oil producers will drill and complete fewer wells,” it added. producers have slowed drilling and completion activity this year, the EIA noted in its latest STEO. “The drop in U.S.

Crude Oil 101
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Enbridge Announces 600-Megawatt Solar Project to Support Meta Platforms, Inc. Data Center Operations

Oil & Gas 360º

Forward-Looking Statements Forward-looking statements have been included in this news release to provide readers with information about Enbridge and its subsidiaries and affiliates, including management’s assessment of Enbridge’s and its subsidiaries’ future plans and operations. To learn more, visit us at enbridge.com.

Operator 130
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CanCambria Energy Corp signs Kiskunhalas concession contract

Oil & Gas 360º

Dr. Paul Clarke, CEO of CanCambria, stated: “We are very pleased to have signed this contract and look forward to completing the remaining steps, and closing in the next month. The forward-looking information set forth herein reflects the Company’s expectations as at the date of this news release and is subject to change after such date.

Energy 130
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Chevron and Halliburton Enable Intelligent Hydraulic Fracturing

Oil & Gas 360º

a subsidiary of Chevron Corporation ( NYSE: CVX ), and Halliburton ( NYSE: HAL ) jointly developed a new process that enables closed-loop, feedback-driven completions in Colorado. A combination of technologies from the wellsite to the cloud is required to enable this new approach to intelligent completions.

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EIA expects decline in U.S. production this year from previous forecast

Permian Basin Oil and Gas Magazine

Energy Information Administration reduced its forecast for crude oil production this year. producers slowing their drilling and completion activity this year. This week U.S. In its Short-Term Energy Outlook released Tuesday, EIA said, “Declining oil prices have contributed to U.S. As a result, we forecast U.S.

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Triton FPSO Set to Come Back Online with Full Ramp Up to Follow

Offshore Engineer

Serica Energy has informed that Triton floating production, storage and offloading (FPSO) unit in the North Sea will restart production shorty, following the completion