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.

January 31, 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

Field Development , Acquisitions & Divestitures

Arena Energy Acquires Cox Operating's GOM Shelf Properties

Arena Energy's acquired interests add to the company's ownership interest in the Eugene Island 330 and South Marsh 128 fields in the U.S. Gulf of Mexico.

January 25, 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

Public Capital , Exploration & Production

W&T Offshore Prices $275 Million in Private Notes Offering

The company intends to use the net proceeds of the offering, along with cash on hand, to redeem all of its 9.75% senior second lien notes due in 2023.

January 13, 2023

Exploration & Production , Natural Gas , Crude Oil

BP Doubles Crude Output from GoM Thunder Horse Platform

The Thunder Horse platform, about 150 miles southeast of New Orleans, can produce up to 250,000 bbl/d of oil and up to 200 MMcf/d.

January 13, 2023

Acquisitions & Divestitures , Mergers

Talos Energy Closes in on Wrapping Up $1.1 Billion EnVen Deal

Talos Energy said on Jan. 11 company expects to close the transaction soon after a Feb. 8 special shareholders’ meeting. 

January 11, 2023

Lease Sales

Marketed: United Oil & Gas Interest in Jamaican Walton Morant License

United Oil & Gas retained Energy Advisors Group (EAG) to market for sale a material interest and operatorship in its 100% owned interest in the 5.5 million acre Walton Morant license in offshore Jamaica.

January 11, 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

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