Petroleum Abstracts

New Zealand to Reverse Ban on Offshore Oil and Gas Exploration https://oilprice.com/Latest-Energy-News/World-News/New-Zealand-to-Reverse-Ban-on-Offshore-Oil-and-Gas-Exploration.html via OilPrice.com

New Zealand to Reverse Ban on Offshore Oil and Gas Exploration | OilPrice.com New Zealand is reversing its ban on offshore oil and gas exploration and easing restrictions on LNG imports to address a nationwide energy shortage.

Petrobras to increase oil and gas production offshore Brazil with new digital twin prototype https://www.worldoil.com/news/2024/8/19/petrobras-to-increase-oil-and-gas-production-offshore-brazil-with-new-digital-twin-prototype/ via World Oil

Petrobras to increase oil and gas production offshore Brazil with new digital twin prototype This digital twin can increase production by roughly 1%. After two years of tests, the technology developed by the Brazilian company ESSS, based in Florianópolis (Santa Catarina), was validated and is ready for use.

Norway Boosts Investment Estimates in Oil, Gas https://www.rigzone.com/news/norway_boosts_investment_estimates_in_oil_gas-16-aug-2024-177783-article/ via Rigzone.com is The Leader in Oil & Gas Jobs, News, Oil Prices, and Events.

Norway Boosts Investment Estimates in Oil, Gas Statistics Norway said that the increase is mainly driven by higher cost estimates in production drilling within fields onstream.

Vital Energy, Northern Oil and Gas buy Point Energy shale assets for $1.1 billion https://www.reuters.com/markets/deals/vital-energy-nearing-deal-buy-point-energy-11-billion-sources-say-2024-07-28/ via Reuters

Vital Energy, Northern Oil and Gas buy Point Energy shale assets for $1.1 billion Vital Energy and Northern Oil and Gas will jointly acquire U.S. shale assets from private equity-owned Point Energy Partners for $1.1 billion, the companies said on Sunday.

Multiple U.S. shale producers boost 2024 oil and gas production forecasts following unexpected Permian success https://worldoil.com/news/2024/8/2/multiple-u-s-shale-producers-boost-2024-oil-and-gas-production-forecasts-following-unexpected-permian-success/ via World Oil

Multiple U.S. shale producers boost 2024 oil and gas production forecasts following unexpected Permian success EOG Resources Inc., one of the largest independent shale producers, Coterra Energy Inc. and Civitas Resources Inc. increased their 2024 production forecasts Thursday, with the latter saying it is seeing stronger-than-expected well performance in the Permian basin, North America’s busiest oil and g...

Egypt makes $340m oil and gas investment to boost production https://www.offshore-technology.com/news/egypt-makes-340-million-oil-and-gas-investment-to-boost-production/ via Offshore-Technology.com

Egypt makes $340m oil & gas investment to boost production Egypt’s Petroleum Minister, Karim Badawi, met with executives from international oil and gas companies to finalise two agreements.