Exxon, Hess and CNOOC are 2019 top explorers – Rystad Energy
Continued success offshore the South American country of Guyana is once again playing a major role in the addition of discovered volumes and value creation for US oil major ExxonMobil and its Stabroek Block co-venturers, Hess and CNOOC. “ExxonMobil can be declared explorer of the year for a second year in a row thanks to […]
China opens up oil and gas exploration, production for foreign, domestic firms
For the first time, China will this year allow foreign companies to explore for and produce oil and gas in the country, opening up the industry to firms other than state-run energy giants, as Beijing looks to boost domestic energy supplies. The long-awaited opening accompanies a reshuffle of the so-called “midstream” pipeline business, but experts […]
Three years after $1 billion Venezuela deal, U.S. oilfield firm shuts doors
An Oklahoma oilfield company that played a central role in Venezuela’s high-profile attempt to convince the world it could halt production declines at its dilapidated oilfields has shut its doors, according to three people familiar with the matter. In 2016, Horizontal Well Drillers, a closely held U.S. driller, won a $1.29 billion contract to drill […]
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