Emerging Plays , Deepwater , Discoveries

Rystad: More Deepwater Wells to be Drilled in 2024

Upstream majors dive into deeper and frontier waters while exploration budgets for 2024 remain flat.

February 29, 2024

International , Natural Gas , Crude Oil , Shale Plays

Repsol Eyes Increasing Core US Upstream Business

Madrid-based Repsol SA will invest €$2.2 billion (US$2.38 billion) between 2024-2027 on its unconventional assets in the Marcellus and Eagle Ford as it focuses on increasing its core U.S. upstream business platform.

February 29, 2024

Earnings , Field Development

In Shooting for the Stars, Kosmos’ Production Soars

Kosmos Energy’s fourth quarter continued the operational success seen in its third quarter earnings 2023 report.

February 28, 2024

Field Development , Artificial Lift , Subsea , Acquisitions & Divestitures

E&P Highlights: Feb. 26, 2024

Here’s a roundup of the latest E&P headlines, including interest in some projects changing hands and new contract awards.

February 26, 2024

Earnings , CCS/CCUS , Subsea

TechnipFMC Eyes $30B in Subsea Orders by 2025

TechnipFMC is capitalizing on an industry shift in spending to offshore projects from land projects.

February 23, 2024

Field Development , Deepwater , Subsea

Shell Brings Deepwater Rydberg Subsea Tieback Onstream

The two-well Gulf of Mexico development will send 16,000 boe/d at peak rates to the Appomattox production semisubmersible.

February 22, 2024

Rig Counts , Earnings , Deepwater

After 4Q Struggles, Transocean’s Upcycle Prediction Looks to Pay Off

As Transocean executives predicted during third-quarter earnings, the company is in the middle of an upcycle, with day rates and revenues reaching new heights.

February 21, 2024

Field Development , Deepwater

Shell Taps TechnipFMC for 20K System for Sparta

The deepwater greenfield project in the Gulf of Mexico targets reserves in the high-pressure Paleogene reservoir.

February 19, 2024

Exploration & Production

Valaris Updates Fleet Status

The backlog of these contracts and extensions is valued at $1.2 billion.

February 19, 2024


Transocean Releases Fleet Status Report

Transocean’s total backlog for its fleet is approximately $9 billion.

February 15, 2024