Exploration & Production

US GoM Oil Production Moves Toward Another Record

Oil production from fields in federal waters of the U.S. Gulf of Mexico is forecast to hit an average of 1.9 million barrels per day this year.

October 16, 2019


A&D Transactions From The Week Of Oct. 16, 2019

Here’s a snapshot of energy deals from the past week including Parsley Energy’s acquisition of its Permian neighbor Jagged Peak Energy in an all-stock transaction worth roughly $2.3 billion.

October 16, 2019

Deepwater , Drilling , Subsea

LLOG Exploration Orders Subsea Trees For Shenandoah Project In Deepwater GoM

LLOG Exploration Offshore has signed a subsea tree order with TechnipFMC on Oct. 15 for its Shenandoah project in deepwater of the Gulf of Mexico (GOM).

October 16, 2019

Public Capital , Earnings , Exploration & Production , Shale Plays , Acquisitions & Divestitures

BP Warns Of Multibillion-Dollar Third-Quarter Charges

BP will take charges of $2 billion to $3 billion in the third quarter, as the British energy firm looks to reach divestments worth $10 billion a year ahead of schedule.

October 11, 2019

Business , Exploration & Production , Acquisitions & Divestitures

Analyst: Talos ‘Hanging With Big Dogs’ After GoM Deals

Recent deals with Exxon Mobil and BP suggest that major oil companies trust Talos’ judgment and skill as an operator in the Gulf of Mexico, an analyst says.

October 11, 2019

Exploration & Production , Lease Sales

US Proposes March 2020 Gulf Of Mexico Oil, Gas Lease Sale

Lease Sale 254, the sixth offshore sale under the 2017-2022 OCS oil and gas leasing program, will include about 14,585 unleased blocks.

October 7, 2019

Deepwater , Acquisitions & Divestitures

Chevron Buys 40% Stake In Three Mexico Deepwater Blocks From Shell

Chevron Corp. said on Oct. 4 it signed an agreement with a unit of Royal Dutch Shell to buy a 40% stake in three deepwater blocks in the Mexican Gulf that the Anglo-Dutch firm won in auctions under the nation's energy reform.

October 5, 2019

Exploration & Production

Talos Energy, Partners Give Up Oil Contract Offshore Mexico

The consortium in 2015 was awarded a contract to explore the block, area 2 of Mexico’s first shallow water round.

October 2, 2019

Exploration & Production

EIA: US Oil Production Slides Below 12 Million Barrels Per Day In July

A majority of the drop in production came as federal offshore Gulf of Mexico production slid about 332,000 bbl/d to 1.58 MMbbl/d, the data showed.

September 30, 2019


Best Of This Week’s Drilling Activity Highlights (Sept. 27, 2019)

A Three Forks producer by WPX, a Woodford completion in Grady County, Okla., and an oil discovery offshore Angola top this week’s drilling activity highlights from around the world.

September 27, 2019