Production ///

Callon to acquire Carrizo in $3.2-billion stock transaction

Callon and Carrizo O&G have approved an agreement where Callon will acquire Carrizo in an all-stock transaction valued at $3.2 billion.

Hurricane Barry halts large portion of GOM oil output

Hurricane Barry shut-in three-quarters of U.S. GOM crude production.

EU to cut flow of funds to Turkey as drilling spat heats up

The European Union is poised to freeze most high-level contacts with Turkey and cut the flow of funds to the country, while holding back for now on sanctions that could target Turkish companies involved in offshore drilling in the eastern Mediterranean.

Recoverable oil reserves at Russkoye field increased 8%

The AB1 recoverable oil reserves of Russkoye field have increased 8% following exploration work carried out by Tyumenneftegaz, a petroleum production company belonging to Rosneft.

Norwegian Petroleum Directorate reports high activity in the first six months of the year

Production on the Norwegian shelf is holding steady at a high level. Many projects are in the development or planning phases.

EIA: Growth in Argentina’s Vaca Muerta shale, tight gas production leads to LNG exports

Argentina’s domestic natural gas production has been rising steadily in the past three years, largely because of increasing production from the Neuquén basin’s Vaca Muerta shale and tight gas play.

NPD reports June production figures below forecast

Preliminary production figures for June 2019 show an average daily production of 1,409,000 bbl of oil, NGL and condensate, which is a decrease of 184,000 bpd compared to May. Total gas sales were 9.4 Bscm, which is a decrease from the previous month.

Cracks in Permian promise slowing shale boom

The promise of the Permian is shrinking.

Tropical storm races toward Louisiana, curbing oil output

Tropical Storm Barry is barreling toward Louisiana and could hit the coastline as a hurricane by Saturday, causing close to $1 billion in damage and worsening flooding in New Orleans.

Saudis pledge to keep doing OPEC's heavy lifting as shale surges

Saudi Arabia is fulfilling its pledge to make deeper cuts in oil output than the OPEC+ agreement on output requires, according to the first indication of the kingdom’s production since the supplier group extended curbs earlier this month.

OPEC sees new oil surplus in 2020 as U.S. shale surges again

A week after OPEC agreed to keep oil production restrained until early next year, the group’s first forecasts for 2020 showed it faces an even longer and tougher challenge.

Cenovus Energy reaches production milestone in northern Alberta

Cenovus Energy Inc. has announced that on July 10, 2019, the company reached 1 Bbbl of cumulative production from its Foster Creek and Christina Lake oil sands facilities in northern Alberta. Cenovus is the first company to produce 1 Bbbl of oil using steam-assisted gravity drainage (SAGD) technology.

Pemex under pressure with AMLO ruling Mexico’s economy

The surprise departure of Mexico’s finance minister has the state oil company’s watchers biting their nails.

Giant bank sees natural gas plugging gaps in Europe’s energy shift

One of the world’s biggest clean energy lenders see a future for European natural gas investments.

Activists take control of EQT board in proxy fight

The activist investors at EQT Corp are poised to take control of the largest U.S. natural gas producer’s board.

Aramco awards $18 billion in deals to boost capacity, despite OPEC pledge to restrict output

Saudi Aramco, the world’s largest crude exporter, awarded $18 billion in contracts to boost output capacity at two offshore oil fields even as the kingdom and its OPEC partners restrict production.

World of oil and gas

Emily Querubin, World Oil

Talos Energy has completed its appraisal program for the Zama discovery on Block 7, in the offshore portion of Mexico’s prolific Sureste basin.

Bakken shale remains North Dakota’s growth engine

Staff, Energy Web Atlas; Staff, World Oil

As the play’s oil production continues to advance, several pipeline projects may help to make the transportation of that crude easier.

Colorado and New Mexico officials rescind the welcome mat for oil and gas

David Blackmon, Contributing Editor

Elected officials are doing their best to kill off the golden goose in two states that have benefitted mightily from the shale revolution.

Rice brothers lead showdown with U.S. natural gas giant

The nine-month battle for control of America’s largest natural gas producer has come down to a choice: The old guard, or the “shalennials.”