(BOE Report) – Crude oil exports by Mexican state energy company Pemex plunged 44% year-on-year in January to 532,404 barrels per day (bpd), its lowest in decades, official numbers show, as the company has admitted it is struggling with crude quality. The monthly level is the lowest since records in their current form began in January 1990. Last year, exports
(World Oil) – ConocoPhillips will sell its interests in the Gulf of Mexico Ursa and Europa fields to Shell for $735 million, both companies confirmed today. ConocoPhillips continues to work towards a strategy of divesting noncore assets, while Shell looks to strengthen its deepwater portfolio. Full-year 2024 production associated with the ConocoPhillips’ 15.96% interest in the Ursa Field and 1% interest
(World Oil) – Talos Energy Inc. (Talos) has announced that the Katmai West #2 well located in the Ewing Bank area of the U.S Gulf of Mexico successfully encountered commercial quantities of oil and natural gas. “We are proud of our team for achieving these successful drilling results,” said Talos’s Interim Co-President, Executive Vice President and Head of Operations John
(Oil & Gas 360) – January 2025- Houston− Shell Offshore Inc. (Shell), a subsidiary of Shell plc, announced that production has started at the Shell-operated Whale floating production facility in the Gulf of Mexico. Whale replicates the simplified, cost-efficient host design of the Vito platform, which began production in early 2023. The Whale development is owned by Shell Offshore Inc. (60%, operator) and
( Oil & Gas 360) The third major investment by INEOS Energy in the USA, in the past three years. Capital spend on energy assets in the USA now exceeds $3bn, providing a strong platform for future growth. Deal includes interest in two high quality deep water early production assets (Appomattox and Stampede) in the Gulf of Mexico. Increases INEOS
(World Oil) – As the political landscape shifts with the election of President-elect Trump, the promise of American offshore energy remains unwavering. From the robust oil and gas production in the Gulf of Mexico to the burgeoning offshore wind projects, carbon capture and storage investments, and critical minerals sectors, American energy production continues to benefit every citizen, transcending political affiliations.
(World Oil) – SLB today announced the award of a contract by bp to its OneSubsea joint venture for a subsea boosting system in the greenfield development of the Kaskida project in the deepwater U.S. Gulf of Mexico. This award marks the latest milestone in the long-standing relationship between SLB OneSubsea and bp and is the first engineering, procurement and
(World Oil) – Transocean Ltd. today announced a one-year contract for the Deepwater Conqueror with an undisclosed operator in the U.S. Gulf of Mexico. The contract is expected to commence in October 2025 and contribute approximately $193 million in backlog, including additional services. About Transocean Transocean is a leading international provider of offshore contract drilling services for oil and gas
(Oil Price) – Weak refining margins and weaker oil trading results are expected to dent BP’s third-quarter profit, the UK-based supermajor warned on Friday. BP is yet another oil major to flag weakness in their refining business for the past quarter, following warnings from Shell and ExxonMobil. Compared to the second quarter, BP expects its Q3 results to have been dented by weaker
(Oil Price) – Chevron has shut in its Blind Faith platform in the U.S. Gulf of Mexico and evacuated all personnel from the facility in preparation for Hurricane Milton, the supermajor said on Monday. “Production from our other Chevron-operated Gulf of Mexico assets remains at normal levels,” Chevron said in a media update as weather services, forecasters, and Gulf of Mexico producers are
(Oil & Gas 360) – HOUSTON, Oct. 3, 2024 /PRNewswire/ — Shell Pipeline Company LP (“Shell”) today announced the Final Investment Decision (FID) for the Rome Pipeline, an offshore pipeline construction project increasing access between Shell’s Green Canyon Block 19 (“GC-19”) pipeline hub platform and the Fourchon Junction facility on the Louisiana Gulf Coast. The pipeline will bring additional capacity to Shell’s
(BOE Report) – U.S. natural gas futures held near a three-month high on Friday as Hurricane Helene battered the U.S. Southeast after causing Gulf of Mexico producers to cut output and millions of power outages in Florida, Georgia and the Carolinas. On its first day as the front-month, gas futures for November delivery on the New York Mercantile Exchange were
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