Crude oil and natural gas production in the Eagle Ford shale play, situated in southeast Texas, dropped by almost 35% and 20%, respectively, in May 2020 due to the COVID-19 pandemic, according to GlobalData.
Industry
Australian LNG exports hit record highs, but alarm bells are ringing over reserves
The latest Australian LNG Monthly report has flagged insufficient gas reserves as the biggest challenge confronting future exports of the hydrocarbon.
GECF asserts that “Energy for All” is achievable with natural gas
The Gas Exporting Countries Forum (GECF) has urged the international community who gathered in Glasgow, UK, for UNFCCC COP26 to look for energy options that achieve the right balance between the post-COVID-19 economic and social requirements and climate actions, particularly for the most vulnerable regions of the world.
Resources industry unites to stamp out sexual harassment
Senior workforce managers from across Australia’s mining, oil and gas, and allied service sectors are uniting this month to further the industry’s efforts to stamp out sexual harassment in its workplaces.
CSIRO Launches new $7m Drill Core Research Facility
Australia’s national science agency, CSIRO, has unveiled its latest state-of-the-art research facility, the Geoscience Drill Core Research Laboratory, at the Advanced Resources Research Centre in Perth.
Powder River’s ramp up in drilling could signal the end of a downward trend
Rig count in the Powder River basin, situated in Wyoming and Montana in the USA, has increased almost four-fold in the period from early April to mid-August during 2021.
Mit-PFN Energy Co and PGS collaborate with AI solutions for Subsurface Structure Analysis
Mitsui and PGS have signed an agreement to develop Artificial Intelligence driven solutions to image subsurface structures.
India to account for over 50% of crude oil refinery projects in Asia by 2025
India is likely to start the operations of 85 crude oil refinery projects, accounting for about 52% of the upcoming crude oil refinery projects in Asia between 2021 to 2025, driven by rising consumption of oil and economic growth, according to GlobalData, a data and analytics company.
EIG signs Agreement to Acquire 10% Interest in APLNG for US$1.6 Billion
EIG, a leading institutional investor to the global energy and infrastructure sectors, has announced it will acquire a 10% interest in Australia Pacific LNG from Origin Energy for $1.592 billion.
Sercel launches Bluepulse for seismic acquisition in sensitive areas
Sercel has announced the launch of Bluepulse, an innovative marine acoustic source it says offers the “most advanced frequency control technology” on the market.