Citing the latest US Geological Survey, Reuters reported that the Delaware section of the Permian shale field contains 46.3 billion barrels of crude and 7.96 tcm (281 tcf) of gas as well as 20 billion barrels of natural gas fluids in recoverable reserves. Added to the rest of the field, that is nearly an additional half century of output at the current levels.
“Christmas came a few weeks early this year,” US Secretary of the Interior Ryan Zinke said. “American strength flows from American energy, and as it turns out, we have a lot of American energy.”
Saudi Aramco has awarded a USD 1 Read More
Singapore’s Seatrium has secured a topside integration project for the FPSO Errea Wittu from Offshore Frontier Solutions, a MODEC Group… Read More
The UK's hydrocarbons regulator has awarded 31 new exploration licences in the country's North Sea waters, Reuters reported on Friday Read More
ExxonMobil announced the closing of its USD 60-billion acquisition of Pioneer Natural Resources on Friday, a move that solidifies its… Read More
BP-Eni joint venture Azule Energy has entered a strategic farm-in agreement with Rhino Resources in Namibia's offshore Orange Basin, the… Read More
Africa-focused energy group Chariot has spudded the RZK-1 exploration well on the Gaufrette prospect at the Loukos Onshore licence in… Read More
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