General News | Drilling / Well Results | Exploration & Appraisals
Faroe to Move Forward with Brasse Discovery in 2018; Increases Resource Potential
Faroe Petroleum has announced its results for the 31/7-2S Brasse sidetrack appraisal well in the Norwegian North Sea. Thanks to this well, recoverable resource volumes now estimated at between 56 and 92 mmboe.
The well has been plugged and abandoned, with plans to move forward in 2018.
More Exploration & Production News

YPF leans into Vaca Muerta as shale becomes the growth engine
YPF is accelerating its shift toward shale as it positions Vaca Muerta as the core driver of Argentina’s production growth, margin expansion, and long-term cash flow potential. The…

Parex Advances Llanos Foothills Exploration Alliance with Ecopetrol
Parex and strategic partner Ecopetrol provided an update on their Llanos Foothills exploration program, noting that a full strategic alliance has effectively been achieved and that key Foothills…

The Permian Play: How ExxonMobil Is Rewriting the Shale Narrative
In the heart of the Permian Basin, where the shale revolution was born and many say it may soon peak, ExxonMobil is telling a very different story—one that…

Silverbow Resources Touts New "Dorado Play" in Webb County, TX
SilverBow Resources Inc. announced the addition of a new acreage block in the Dorado play of Webb County, Texas. Through a series of transactions, including bolt-on acquisitions, leasing…

APA Corp. Strikes Oil Offshore Suriname at Baja-1 Well; Dry Hole at Block 58
APA Corp. announced an oil discovery offshore Suriname at Baja-1 in Block 53 and provided an update on recent drilling operations at Dikkop-1 in Block 58. Baja-1 was…
North Sea News

Shell to Move Forward with Jackdaw Gas Field Project in UK North Sea
BG International Limited, an affiliate of Shell U.K. Limited, has taken the final investment decision (FID) to develop the Jackdaw gas field in the UK North Sea, following…

APA Corp. Boosts 2022 US Onshore Spending 38% vs. 2021
APA Corp. detailed its 2022 capital plan and guidance. 2022 Plan - Capex: $1.6 billion (upstream) - up 51% vs. 2021 D&C: $1.4 billion Exploration & Appraisal: $200…

ConocoPhillips Bolsters Spending by 30% for 2022; Bets Bulk on Lower 48
ConocoPhillips has detailed its 2022 capital plan on the heels of closing its multi-billion dollar acquisition of Shell's Permian assets. 2022 Plans - Capital Budget: $7.2 billion -…

APA Corp. First Quarter 2021 Results
APA Corp. reported its Q1 2021 results. Highlights: Reported production of 382,000 barrels of oil equivalent (BOE) per day; adjusted production, which excludes Egypt noncontrolling interest and tax…

Apache Ups Spending 11% for 2021 at $1.1B; Adding Rigs in the Permian
Apache Corp. announced its financial and operational results for the fourth-quarter and full-year 2020. The company also detailed its 2021 plans. 2021 Plans - Capex: $1.1 billion -…