Industry News

  • Exploration
  • Ultra Petroleum tests Pinedale horizontal play in Wyoming
    Ultra Petroleum Corp. has produced 1.1 bcf of natural gas equivalent in 30 days from its Warbonnet 9-23-A-1H well, which the operator successfully completed in late October on the East Flank of Wyoming’s Pinedale anticline.
  • ExxonMobil makes oil discovery offshore Equatorial Guinea
    ExxonMobil Corp. is now assessing potential commerciality at its Avestruz-1 well on Block EG-06 160 km offshore Malabo, Equatorial Guinea. The operator drilled the oil discovery in October but has not released any production data.
  • DUC okays Tyra redevelopment off Denmark
    Continuation of production from Tyra natural gas field in the Danish North Sea has been assured with approval by the Danish Underground Consortium of a $3.34-billion redevelopment plan.
  • Drilling & Production
  • Cenovus budgets for more cost, payroll cuts
    Cenovus Energy Inc. is combining executive jobs and planning a 15% workforce cut in 2018 under a little-changed budget focusing on cost and debt reduction. It plans to invest $1.5-1.7 billion (Can.) in 2018, compared with an expected $1.55-1.65 billi...
  • PSA: Eni Norge can restore Goliat production
    Eni Norge can restore Goliat field in the Barents Sea to full production, the Norwegian Petroleum Safety Authority (PSA) said.
  • Ineos shuts Forties crude oil pipeline following leak
    Ineos has shut its 575,000-b/d Forties crude oil pipeline system. Last week during a routine inspection, Ineos contractors discovered a hairline crack in an onshore portion of the Forties system at Red Moss near Netherley, roughly 10 miles southwest ...
  • American Petroleum Institute
  • Energy Year in Review
    Despite occasional policy obstacles, the U.S. energy revolution continues to enhance America’s economic and national security and deliver major benefits to consumers, the environment and manufacturers. With commonsense, market-based, consu...
  • Energy is All Around the Holidays
    Everywhere you go, whatever you do, energy – anchored by abundant U.S. oil and natural gas – is making life warmer, easier, healthier and more enjoyable. Let’s mark the holidays with a look at just a few of the gifts we enjoy, from the energy t...
  • New U.S. Energy Course Starts Offshore
    We need to change our course on energy – in offshore policy and other areas – to benefit American consumers, U.S. businesses, our economy and the country’s energy security. Given the fact it takes years to realize the benefits of of...

Disclaimer: 

News releases are maintained for general information.This is not intended to be a substitute for formal legal disclosures related to HEYCO Energy Group and its partners.