Business , Unconventional , Highlights , Field Development , Deepwater , Shale Plays

Murphy Oil Posts $965 Million Income for 2022

Murphy Oil increased production and pay down debt with the help of King’s Quay project going onstream in the Gulf of Mexico and high output from new Eagle Ford wells.

February 2, 2023

Deepwater , Subsea

Subsea Services Market Expected to Top $7 Billion in 2023

Rystad Energy sees increased brownfield activity driving a 20% increase in projected spend in the subsea services market in 2023.

January 31, 2023

Business , Exploration & Production , Deepwater , Shale Plays

Hess Corp. Reports Fangtooth SE-1 Find, Sets 2023 Capex Budget at $3.7 Billion

New York-based Hess Corp. announced a new discovery offshore Guyana and set its 2023 E&P capital and exploratory budget at $3.7 billion, of which more than 80% will be allocated to the Bakken and Guyana’s Stabroek Block.

January 24, 2023

Field Development , Emerging Plays , Deepwater

FPSO for BP's GTA sails toward West Africa

BP and partners expect first gas later this year from the development that straddles Mauritanian and Senegalese waters.

January 23, 2023

Discoveries , Deepwater

Equinor Strikes Gas in Norwegian Sea

Obelix Upflank is first discovery of the year on the Norwegian Continental Shelf. The partners are considering a subsea tieback to nearby Irpa field.

January 18, 2023

Business , Highlights , Field Development , Discoveries , Deepwater , Technology

E&P Highlights: Jan. 13, 2023

Here’s a roundup of the latest E&P headlines, including gas discoveries onshore the Nile Delta in the North Sea and a host of new contract awards from the past week in the upstream oil and gas industry

January 13, 2023

Field Development , Emerging Plays , Deepwater , Crude Oil

Emerging Players Contribute to 'New Day' for Oil Activity in West Africa

New players in Mauritania and Ivory Coast are making their presence felt in the energy industry. 

January 12, 2023

Business , Shelf , Highlights , Emerging Plays , Discoveries , Deepwater

E&P Highlights: Jan. 9, 2023

Here’s a roundup of the latest E&P headlines from the past week in the upstream oil and gas industry, which include ONGC bringing stranded assets online to its “lucky mascot” and Aker Solutions winning the conversion contract for the Petrojarl Knarr FPSO.

January 9, 2023

Deepwater , Technology

Seismic Programs Awarded Offshore Brazil

A 3D survey extends coverage in the Brazil Equatorial Margin, while a pair of 4D surveys are set for some of Petrobras’ Campos Basin fields.

January 4, 2023

Field Development , Discoveries , Deepwater

Talos Energy Makes Commercial Discoveries in GoM

Talos reported finding 78 ft of pay in the Lime Rock primary target and 72 ft of pay in the Venice primary target.

January 3, 2023