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W&T Offshore acquires producing property in the Gulf of Mexico
W&T Offshore has acquired a 75% working interest in and operatorship of the Magnolia field in the central region of the deepwater Gulf of Mexico.
Dec 16th, 2019
The Deepwater Gunashli complex in the Caspian Sea.
Petrofac, SOCAR to service BP Caspian Sea fields
Dec 16th, 2019
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More license rounds in prospect offshore Africa
Dec 16th, 2019
Dn Oe
DNO finds gas, oil offshore mid-Norway
Dec 16th, 2019
Farzad B Iran
Petropars starts planning for Farzad gas project offshore Iran
Dec 16th, 2019
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Eq Guinea
Equatorial Guinea foresees surge in oil and gas investments
Dec 16th, 2019
Rystad1213
Africa, Brazil leading offshore upstream investment in 2020
Dec 13th, 2019
Talos Energy Inc. has agreed to acquire a broad portfolio of producing assets from affiliates of ILX Holdings, Castex Energy and Venari Resources.
Talos Energy to acquire several Gulf of Mexico producing assets
Dec 11th, 2019
Eco
Orinduik partners commit to second-phase exploration offshore Guyana
Dec 10th, 2019
Block PM409 adjoins the company’s Seligi field production hub offshore Malaysia.
EnQuest joins Petronas in offshore Malaysia block
Dec 4th, 2019
Location of the WA-488-P permit offshore northwest Australia.
Santos given more time for offshore Australia farm-in
Dec 4th, 2019
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Lack of new auctions creates secondary market for offshore Mexico acreage
Dec 4th, 2019
Between 2020 and 2024, the company expects to start up 13 new production systems, all on deepwater and ultra-deepwater fields.
Petrobras sets five-year targets offshore Brazil
Petrobras’ board has approved the company’s five-year Strategic Plan for 2020-2024.
Dec 2nd, 2019
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BOEM completes tract evaluation, awards 147 leases
After extensive geological research and economic analysis, BOEM has awarded 147 leases on tracts covering 811,966.715 acres to high bidders.
Dec 2nd, 2019
Equatorial1127
VAALCO among offshore Equatorial Guinea block winners
The Equatorial Guinea Ministry of Mines and Hydrocarbons has awarded blocks to North American, European, and African oil companies under the country’s EGRONDA 2019 bid round.
Nov 27th, 2019
Ukcs1126
UK offshore decommissioning costs on downward curve
Oil & Gas UK has revised downwards its estimate for total decommissioning costs on the UK continental shelf to £51 billion ($65.6 billion).
Nov 26th, 2019
Topsides integration should start shortly for the FPSO Energean Power.
Global E&P
Brazil awards 12 offshore blocks under the country’s latest licensing round. BP and BW Offshore deliver exploration drilling successes offshore West Africa.
Nov 25th, 2019
Hywind floating wind turbines withe the Snorre A semisubmersible platform in the distance.
Offshore Europe
Equinor has secured agreements from six partners oil companies for the first floating offshore wind farm development dedicated to Norwegian Sea oil and gas operations.
Nov 25th, 2019
Fugro says it has completed several geophysical surveys in the deepwater Gulf of Mexico for Shell International Exploration and Production Co. The project required data collection over multiple deepwater lease blocks in the greater Perdido and Mars development areas to support clearance of potential environmental, engineering, geological and archaeological hazards ahead of planned drilling activities. Fugro deployed a Hugin AUV from its survey vessel Fugro Brasilis.
Gulf of Mexico
Crude oil production in the US federal Gulf of Mexico averaged 1.8 MMb/d in 2018, setting a new annual record, according to the Energy Information Administration.
Nov 25th, 2019
Courtesy BSEE
BSEE/BOEM report outlines strategy to revive shallow-water Gulf of Mexico E&P
New research indicates the need to define the Gulf of Mexico Shallow Water Province as a distinct province to avoid stranding more than $20 billion of the United States' oil and natural gas resources.
Nov 23rd, 2019
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UK opposition pledges oil and gas windfall tax
Oil & Gas UK has responded to a new windfall tax proposed by the opposition Labour Party ahead of Britain’s election next month.
Nov 22nd, 2019
Andamanii
BP to acquire interest in Andaman II PSC offshore Indonesia
KrisEnergy Ltd. has entered into a conditional sale and purchase agreement with BP Exploration Operating Co. Ltd.
Nov 19th, 2019
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Timor Leste awards offshore gas-prone PSC
Timor-Leste’s Autoridade Nacional do Petróleo e Minerais has awarded SundaGas Banda Unipessoal an offshore production-sharing contract containing the Chuditch gas discovery.
Nov 11th, 2019
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Senegal, Mozambique planning licensing rounds
Senegal’s Oil and Energy Ministry will offer three blocks under the country’s first licensing round.
Nov 8th, 2019
Brazil118
Analyst calls for tax, licensing reforms to boost Brazil bid rounds
Wood Mackenzie has issued more thoughts on the low-key response to Brazil’s Transfer of Rights Surplus round, for which a Petrobras-led consortium lodged the sole bid.
Nov 8th, 2019
Location of the the WA-488-P permit offshore northwest Australia.
Santos offered further option for Beehive permit offshore Australia
Santos has taken up an option to acquire a 40% interest in the WA-488-P permit offshore northwest Australia from Melbana Energy.
Nov 5th, 2019