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Schlumberger & Weatherford to form JV targeting N America unconventional resource development

Green Car Congress

Schlumberger and Weatherford will create OneStim, a joint venture to deliver completions products and services for the development of unconventional resource plays in the United States and Canada land markets. Weatherford will also receive a one-time $535 million cash payment from Schlumberger. billion in 2016.

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Op-ed: Let’s start here, in America

Green Car Congress

We only have to look to the oil embargoes of the 1970s to realize our dependence on a foreign energy supply is cause for action. Let’s learn from those dark days, and draw from our own resources, our own manpower and our own technology to compete in this ever-growing market. Do we really want to travel down that road again?

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ExxonMobil discovers more oil offshore Guyana at Mako-1 well on the Stabroek Block

Green Car Congress

ExxonMobil announced an oil discovery offshore Guyana at the Mako-1 well southeast of the Liza field, marking the 15 th discovery on the Stabroek Block. Mako-1 encountered approximately 164 feet (50 meters) of a high-quality oil bearing sandstone reservoir. Earlier post.). Earlier post.). The Stabroek Block is 6.6 Krebs, John E.

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Blackstone and Alta Resources partner to invest up to $1B to acquire and develop unconventional oil & gas assets in North America

Green Car Congress

Alta Resources, LLC and Blackstone Capital Partners, an affiliate of The Blackstone Group have formed Alta Energy Partners which will invest up to $1 billion to acquire and develop unconventional oil and gas assets in North America. Founded in 1999 by Joseph G.

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ExxonMobil announces 6th oil discovery offshore Guyana with Ranger-1; Guyana may move from non-producer to regional powerhouse

Oil (..)

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ExxonMobil adds 2.7B barrels oil equivalent to reserves; replaces 183% of 2017 production

Green Car Congress

billion oil-equivalent barrels of proved oil and gas reserves in 2017, replacing 183% of production. billion oil-equivalent barrels at year-end 2017. During 2017, proved additions at Upper Zakum in Abu Dhabi totaled more than 800 million barrels of crude oil. Resource Base. Exxon Mobil Corporation added 2.7

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China’s CNOOC to acquire Canada-based Nexen for $15.1B; offshore oil and gas, oil sands, and shale gas

Green Car Congress

CNOOC Limited—China’s largest producer of offshore crude oil and natural gas and one of the largest independent oil and gas exploration and production companies in the world—is acquiring all of the Common Shares of Canada-based energy company Nexen Inc. It is the second-largest oil producer in the UK North Sea.

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