US Offshore Gulf Production to Rise in ‘25, ‘26—EIA
Federal offshore production in the Gulf of America is forecast to rise this year and next as several new projects start up.
E&P Highlights: May 27, 2025
Here’s a roundup of the latest E&P headlines, including new production offshore Brazil and new mapping for three U.S. basins.
The Future Remains Bright for Offshore Oil and Gas, Rystad Says
In the midst of a global energy transition, offshore oil and gas production continues to not only be viable, but essential, says Rystad Energy.
Offshore Producer Beacon Sees First Oil from Shenandoah in June
The floating production unit, which is expected to produce 120,000 bbl/d of oil, was in the final stage of being hooked up and commissioned.
E&P Highlights: May 5, 2025
Here’s a roundup of the latest E&P headlines, including a new robotic manufacturing system and a learning platform for drilling contractors on the way in 2026.
US Gulf Oil Output Could Reach 2.4 MMbbl/d Even Amid Volatility, Industry Leaders Say
Despite the oil price oscillations, oil leaders expressed confidence the Trump administration would remove obstacles to help grow production.
Amid Shaky Oil Market, Chevron Cuts Buyback Plans
Chevron Corp. beat earnings expectations and the oil giant said it’s prepared for the cyclical changes in the market.
Shell Completes Acquisition of ConocoPhillips’ Interest in Ursa Platform
Shell Offshore and Shell Pipeline Co. agreed in February to buy the 15.96% stake from ConocoPhillips.
‘A Nightmare:’ It’s Easier to E&P in Turkey Than in New Mexico
“I’ve been in this business a long time, and I’ve never seen anything like it,” Malone Mitchell III, chairman and CEO of international explorer TransAtlantic Petroleum, said in Oklahoma City about trying to operate in New Mexico.
Chevron Sees Tech Improvements Expanding its Portfolio
Chevron Corp.’s startup at Ballymore, offshore Louisiana, was its third major project to come online in the past year.