New Data Points To Rebound In Offshore Oil

Here’s one of the most important charts we might see in oil and gas this year. New this week from industry watchdog Wood Mackenzie — showing how many offshore petroleum projects will likely see final investment decisions (FIDs) during 2017. (Click to enlarge) Wood Mackenzie sees a major surge coming this year in investment decisions on offshore oil and gas projects There are a few important things to note here. First, approvals of new petroleum projects were running strong between 2007 and 2014 — with the blue bar on the left…

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Anadarko Exits Eagle Ford

Anadarko has struck a deal to sell its assets in the Eagle Ford shale play to Sanchez Energy Corp. and Blackstone group for US$2.3 billion. The divestment, according to Anadarko chief executive Al Walker, is part of the company’s shift towards higher-return operations elsewhere in the shale patch, and more specifically the Delaware Basin, part of the Permian shale play, and the DJ Basin in Wyoming, as well as the Gulf of Mexico. The Permian has lately turned into the star of the shale plays and the focus of much investor attention, both from…

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Exxon Finds More Oil Offshore Guyana

ExxonMobil said on Thursday that it had found high-quality, oil-bearing sandstone reservoirs offshore Guyana in South America, close to its Liza discovery in the area. Exxon drilled at the Payara discovery—its second oil discovery on the Stabroek Block and about 10 miles northwest of the Liza discovery—targeting similarly aged reservoirs that were proven successful at the Liza discovery. “This important discovery further establishes the area as a significant exploration province,” Steve Greenlee, president of ExxonMobil…

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The Top 5 Places To Work In U.S. Oil And Gas

Anadarko Petroleum and Chevron have emerged as the top two employers in U.S. oil and gas, according to a survey conducted by the job site Indeed. The top five for the industry was completed by Plains All American at #3, Occidental Petroleum at #4, and Noble Energy at #5. Indeed said that it ranked companies based on a number of factors but generally speaking, the better the site visitor ratings and reviews a company had, the higher it ranked on the “Best Places to Work” list. The site has 200 million unique visitors monthly, lending…

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