Thursday, November 28, 2024

Offshore Oil Provided 30% of Global Production in 2015

Global Offshore Production Continues to Develop According to new data from the EIA, global offshore oil production (including lease condensate and hydrocarbon gas liquids) in 2015 was at the highest level since 2010, and accounted for nearly 30% of total global oil production. Offshore oil production increased in both 2014 and 2015, reversing consecutive annual declines from 2010 to 2013.

EQT Beefs up its Core Marcellus Acreage and will Acquire Trans Energy

$683 million Bolt-on Acquisition adds 59,600 net acres in Wet Gas Window EQT Corporation (ticker: EQT), announced that it would acquire 59,600 net acres and 44 MMcfe of natural gas production in two related transactions in the core Marcellus. Both transactions are expected to close by year-end 2016 and will be financed with cash. The company will acquire 42,600 net