Exploration & Production

Chevron Sanctions Ballymore Project in Deepwater US Gulf of Mexico

Low-cost tieback is expected to add up to 75,000 barrels per day of oil production.

May 17, 2022

People , Exploration & Production , Acquisitions & Divestitures

W&T Offshore CTO Steve Schroeder Retires; Huan Gamblin Promoted

Stephen L. Schroeder, senior vice president and CTO of W&T Offshore, will retire, effective June 1. Huan Gamblin is being promoted and will assume the majority of Schroeder’s responsibilities.

May 12, 2022

Exploration & Production , Legislation , Lease Sales

US Scraps Three Offshore Oil and Gas Drilling Auctions

The three sales were the last to be held under a 5-year plan for leasing in federal waters on the outer continental shelf. That plan expires in June, and the Biden administration has not finalized a new program.

May 12, 2022

Lease Sales

On the Market Oil and Gas Quicklist (Week of May 11, 2022)

Here’s a quicklist of oil and gas assets on the market including Gulf of Mexico package consisting of ORRI in 266 wells offshore Louisiana plus BlackBriar Royalty Austin Chalk and Eagle Ford properties.

May 11, 2022

Exploration & Production , Energy Transition , Joint Ventures

W&T Offshore, KNOC Form Partnership to Pursue JV Opportunities

Through a non-binding MOU, W&T Offshore and KNOC will explore potential joint ventures in upstream oil and gas as well as opportunities related to energy transition and the reduction of global carbon emissions.

May 9, 2022

Lease Sales

Marketed: Gulf of Mexico ORRI Well Package Offshore Louisiana

An undisclosed seller retained EnergyNet to sell a package of overriding royalty interest (ORRI) in 266 wells offshore Louisiana in the U.S. Gulf of Mexico.

May 9, 2022

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of May 4, 2022

Here’s a snapshot of recent energy deals including HighPeak Energy’s acquisition of Hannathon Permian properties for about $373.4 million plus Chevron’s agreement to acquire a stake in Talos Energy’s proposed Texas carbon capture plant.

May 4, 2022

Exploration & Production , Emissions , Technology

OTC 2022: How BP is Optimizing Gulf of Mexico for Net-zero World

BP’s Starlee Sykes provided an inside look during an OTC keynote presentation on how the operator is optimizing all four of its producing hubs in the Gulf of Mexico as part of its net-zero goals.

May 2, 2022

Exploration & Production , Technology

OTC 2022: ‘Career Achievers’, Deepwater Megaproject Receive Conference’s Highest Honors

OTC recognized Drew Michel, Shell’s Appomattox Project and Roland Moreau with the 2022 Distinguished Achievements Awards.

May 2, 2022

Deepwater , Completions

Deepwater Completions: Impact on Gulf of Mexico Lower Tertiary Production

Here’s a look at the impact Halliburton’s ESTMZ system has had on the way that completions are performed and a new system that specifically addresses the increasing demands of the Gulf of Mexico Lower Tertiary.

April 28, 2022