Equinor said studies of the ocean showed conditions were about as harsh as other settings where Equinor has operations, including the Norwegian Sea, the Barents Sea, off Canada's east coast and offshore Brazil.
Italian oil company Eni beat expectations with a 55% jump in fourth quarter profit as higher prices, mainly gas, offset a dip in production.
Tullow made a post-tax profit of $85 million on $1.9 billion in revenue last year, buoyed by higher oil prices and cost discipline.
BHP Group said on Feb.13 its board has approved $696 million in funding to expand production at the BP PLC-led Atlantis oil project in the U.S. Gulf of Mexico.
Aker BP has discovered an oil and gas reservoir while drilling near its Alvheim field in the North Sea, the Norwegian firm said on Feb. 4.
Here are the latest top 20 cumulative oil- and gas-producing wells in the U.S. Gulf of Mexico.
The Ram Powell tension leg platform is located in 3,200 ft (975 m) of water in Viosca Knoll Area, Block 956, and is capable of processing 60,000 barrels of oil per day and 200 million cubic feet of gas per day.