Recoverable resources are between an estimated 8 and 23 million barrels of oil equivalent, Equinor and partners say.
Europe’s second largest oil and gas producer will continue to hold regular licensing rounds, offering exploration acreage to energy firms, the government said.
The company said June 9 the Longtail-3 well encountered 230 ft of net pay, but Koebi-1 was deemed non-commercial.
The Gulf of Mexico is believed to have more than 30 gigatons of available CO2 storage, according to Talos.
Williams said it reached an export agreement with Beacon Offshore and its co-owner for the Shenandoah deepwater oil field through its Discovery infrastructure in the central Gulf of Mexico.
Companies report drilling and well completions activity and pricing are edging higher.
Successful results from Ring Energy’s development program in the Permian Northwest Shelf are “encouraging and reinforce our confidence in the strong inventory of drilling locations on our NWS acreage,” says CEO Paul D. McKinney.
Offshore activities will begin in 2022 using Subsea 7’s reel-lay, flex-lay and light construction vessels, Schlumberger says.
The Interior Department said it would comply with the ruling by a federal judge in Louisiana, but did not say when oil and gas leasing on public lands might resume.
The U.S. land artificial lift market continues to be one of the most dynamic segments as oil and gas operators strive to maximize production while optimizing lifting cost.
Petrobras is also in talks with Bolivia’s YPFB to review gas contracts and increase supply to Brazil.
Equinor said it would dedicate more than 50% of investments to renewables and CO2 capture by 2030, from less than 5% in 2020.