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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