Hess Goes Forth in Bakken with Chevron Deal Entangled in Dispute
Waiting to close a $55 billion sale to Chevron, Hess Corp. plans to continue running four rigs in the North Dakota Bakken shale play through the fourth quarter.
BP Awards OneSubsea EPC Contract for GoM Kaskida Project
The OneSubsea subsea boosting system will supply the artificial lift needed to maximize production through the accelerated recovery of reserves.
BP Profit Falls On Weak Oil Prices, May Slow Share Buybacks
Despite a drop in profit due to weak oil prices, BP reported strong results from its U.S. shale segment and new momentum in the Gulf of Mexico.
Energy Transition in Motion (Week of Oct. 25, 2024)
Here is a look at some of this week’s renewable energy news, including a U.S. Geological Survey-led study pointing to massive estimated lithium reserves in the Arkansas Smackover.
Diversified Inks NatGas Supply Contract with Gulf Coast LNG Facility
Diversified Energy will supply 40 Bcf to an unnamed Gulf Coast LNG facility over a three-year period.
As Rig Count Slips, Oil Production Keeps Growing
Despite the offshore rig market showing signs of demand slippage, oil production looks to be on the rise for the foreseeable future, Westwood analysts say.
Transocean Signs Ultra-deepwater Drillship Contract in GoM
Transocean’s ultra-deepwater drillship contract in the Gulf of Mexico looks to generate $193 million in revenue for the company.
SLB Earnings Rise, But Weakened 4Q and 2025 Ahead Due to Oil Glut
SLB, like Liberty Energy, revised guidance lower for the coming months, analysts said, as oilfield service companies grapple with concerns over an oversupplied global oil market.
E&P Highlights: Oct. 21, 2024
Here’s a roundup of the latest E&P headlines, with a large contract announced offshore Gulf of Mexico and strategic partnerships aimed at optimizing oilfield production.
Marketed: BP E&P GoM ORRI Opportunity
BP Exploration & Production Inc. retained Indigo Energy Advisors for an offshore overriding royalty interest acquisition opportunity in the Gulf of Mexico and Louisiana.