WorldOil Innovative strategy increases profitability of ultra-deepwater fields To solve complex issues related to developing deepwater reserves in the GOM, a common-sense approach utilizing appropriate technology enables operators to profitably capture critical dynamic reservoir data and increase ultimate recovery. U.S. crude oil and natural gas production increased in 2018, with 10% fewer wells In 2018, while production was increasing, the total number of wells producing crude oil and natural gas in the United States fell to 982,000, down from a peak of 1,035,000 wells in 2014. This increase in production, despite the decline in the number of wells, reflects advances in technology and drilling techniques. EIA says growth of U.S. crude production will slow through 2021 EIA forecasts production will continue to grow as rig efficiency and well-level productivity rise, offsetting the decline in the number of rigs until drilling activity accelerates in 2021. EIA expects U.S. net natural gas exports to almost double by 2021 The U.S. Energy Information Administration forecasts that U.S. natural gas exports will exceed natural gas imports by an average 7.3 Bcfd in 2020 (2.0 Bcfd higher than in 2019) and 8.9 Bcfd in 2021. Worley lands FEED contract for Total’s 20,000 psi North Platte field development The North Platte Development forms part of Total’s reentry, as an operator, into Gulf of Mexico operations with oil production expected to average 75,000 bpd at plateau level. Drilling advances Into the brink What's new in exploration Let’s talk mud America is awash with natural gas, and it’s about to get worse Prices briefly dipped below $2 /MMbtu on Friday for the first time since 2016, yet the industry is powerless to stop a wave of additional gas hitting the market as a byproduct of rising shale oil output. C-Innovation selects Magma composite jumpers for Gulf of Mexico intervention projects Magma Global has been selected by C-Innovation to supply m-pipe thermoplastic composite subsea jumpers for flowline intervention in the Gulf of Mexico. The 4-inch diameter 10ksi m-pipes are expected to be deployed in the next few months. Talos Energy to spend $640 million acquiring Gulf of Mexico acreage and prospects Talos president and CEO Timothy S. Duncan commented, "The acquisition of these assets significantly strengthens Talos's position as a basin-leading independent EandP company, providing increased scale and free cash flow, greater operational diversity and broader optionality in future growth.”