deepwater
Posted inExploration & Production, Exploration
India’s ONGC signs deal with US major Exxon Mobil for deepwater exploration
Data exchange between both companies has led to the exploration partnership agreement, ONGC said
Posted inDRILLING & PRODUCTION
Once the costliest for deepwater opex, South America emerges as cost-saving champion in 2020
South America’s deepwater opex is driven mainly by Brazil, which accounted for roughly 99% of the continent’s brownfield costs from 2013 to 2020
Posted inDRILLING & PRODUCTION
Deepwater only upstream segment expected to grow above 5% in 2020: Rystad Energy
Rystad Energy is forecasting that overall global upstream investments in 2020 will decrease by around 4%.
Posted inExploration
ExxonMobil CEO highlights growth plans, advances in lower-carbon solutions
The company has announced it would increase tight oil production in the US Permian Basin five-fold, and start up 25 projects worldwide, which will add volumes of more than one million oil-equivalent barrels per day.