Murphy Oil Buys BW's Pioneer FPSO for $125MM
Murphy Oil Corp. is buying an FPSO from BW Offshore for $125 million.
BP Resets to NatGas as Energy Transition Takes a Backseat, CEO Says
BP CEO Murray Auchincloss said the company’s strategic shift will focus on natural gas and “the time has come for the Haynesville.”
E&P Highlights: March 10, 2025
Here’s a roundup of the latest E&P headlines, from a new discovery by Equinor to several new technology announcements.
McDermott Completes Project for Shell Offshore in Gulf of Mexico
McDermott installed about 40 miles of pipelines and connections to Shell’s Whale platform.
MPLX Acquires Remaining Interest in BANGL for $715MM
MPLX LP has agreed to acquire the remaining 55% interest in BANGL LLC for $715 million from WhiteWater and Diamondback.
E&P Highlights: Feb. 24, 2025
Here’s a roundup of the latest E&P headlines, from a sale of assets in the Gulf of Mexico to new production in the Bohai Sea.
ConocoPhillips to Sell Interests in GoM Assets to Shell for $735MM
ConocoPhillips is selling to Shell its interests in the offshore Ursa and Europa fields in the Gulf of Mexico for $735 million.
CEO: TotalEnergies to Expand US LNG Investment Over Next Decade
TotalEnergies' investments could include expansion projects at its Cameron LNG and Rio Grande LNG facilities on the Gulf of Mexico, CEO Patrick Pouyanne said.
Talos Selects Longtime Shell Exec Paul Goodfellow as President, CEO
Shell veteran Paul Goodfellow’s selection as president, CEO and board member of Talos Energy comes after several months of tumult in the company’s C-suite.
Murphy Shares Drop on 4Q Miss, but ’25 Plans Show Promise
Murphy Oil’s fourth-quarter 2024 output missed analysts’ expectations, but analysts see upside with a robust Eagle Ford Shale drilling program and the international E&P’s discovery offshore Vietnam.