Shell invests in the Whale Development in the Gulf of Mexico
July 26, 2021
Shell Invests in the Whale Development in the Gulf of Mexico Canada NewsWire …
Early-season Gulf of Mexico storm trims some U.S. oil production
June 18, 2021
Reuters HOUSTON – The first storm to hit oil-producing regions of the U.S. Gulf of Mexico this year sent workers fleeing offshore oil platforms and cut some production. A weather disturbance in the central Gulf of Mexico was expected to become a tropical storm on Friday. It was moving north at about 14 miles per hour (22 kmh) and could
BHP divests oilfield stake in Gulf of Mexico for undisclosed sum
May 21, 2021
Reuters Miner BHP Group BHP.AX sold its 35% stake in Neptune field in Gulf of Mexico to EnVen Energy Corp ENVN.N for an undisclosed sum, making the independent oil and gas company one of the largest operators of a major offshore platform. EnVen already owned a 30% stake in Neptune field, located in the deepwater, central Gulf of Mexico and operated by BHP. The
Talos Energy announces successful exploration results at Puma West
April 14, 2021
Oil and Gas 360 HOUSTON, April 13, 2021 /PRNewswire/ — Talos Energy Inc. (“Talos” or the “Company”) (NYSE:TALO), along with affiliates of bp plc (“bp”) and Chevron U.S.A. Inc. (“Chevron”) (collectively, the “Co-Owners”) today announced successful drilling results from the Puma West exploration project located in the U.S. Gulf of Mexico Green Canyon Block 821. The Puma West well was
Blackstone to raise stake in Gulf of Mexico drilling project to 47%
July 28, 2020
Reuters JERUSALEM – Israel’s Navitas Petroleum said on Tuesday the Blackstone Group signed a preliminary deal to raise its stake in a drilling project in the Gulf of Mexico to 47% from 16%. Navitas had partnered with U.S. oil firm LLOG and Blackstone’s portfolio company Beacon Offshore Energy in drilling at the Shenandoah discovery that holds 431 million barrels of
Breakeven crude oil prices are one metric of the economic constraints facing OPEC+ members
June 18, 2020
EIA Oil & Gas 360 Publishers Note: To help understand the OPEC + members, take a look at the breakeven crude oil prices. Breakeven is is the fiscal breakeven, the minimum price that a country needs to receive per barrel of crude oil sold for its government to meet its immediate spending needs and balance its budget. This says a
Talos Energy provides updates on pending acquisitions and U.S. Gulf Of Mexico operations
January 31, 2020
Oil and Gas 360 HOUSTON, Jan. 31, 2020 /PRNewswire/ — Talos Energy Inc. (“Talos” or the “Company”) (NYSE: TALO) today announced the filing of a preliminary Schedule 14C information statement with the Securities and Exchange Commission (“SEC”), an important regulatory step towards closing of the Company’s previously announced acquisition of affiliates of ILX Holdings, among other entities (the “Acquired Assets”, the “Acquisition”,
Barry caused 330,000 barrel drop in Gulf oil production
October 9, 2019
Source: Houston Chronicle The evacuation of oil platforms in the Gulf of Mexico during Hurricane Barry caused oil production there to fall more than 330,000 barrels in July, the U.S. Energy Information Administration said Wednesday. The agency estimates more than 280 platforms were evacuated, causing 70 percent of Gulf oil wells to be shut in. “This hurricane-related decrease was the
BP Divests Alaska for $5.6 Billion
August 27, 2019
By Tyler Losier, Energy Reporter, Oil & Gas 360 BP sells its entire Alaskan business to Hilcorp for a total consideration of $5.6 billion BP (stock ticker: BP), through its subsidiary BP Alaska, has agreed to sell its entire business in the state to Hilcorp Alaska, a subsidiary of Hilcorp Energy Company, for a total consideration of $5.6 billion. Under
Trump Calls on U.S. Firms to Exit China as Trade War Escalates
August 23, 2019
From Reuters President Donald Trump on Friday pressured U.S. companies to leave China after Beijing unveiled retaliatory tariffs on $75 billion in U.S. goods, stoking fears their escalating trade war will tip the global economy into recession. Trump, who has accused China of unfair trade practices and pushed for a deal that would rebalance the relationship in favor of U.S.
U.S. Oil Sector Sets Another Record in Another Sign of Energy Independence
August 21, 2019
From The Houston Chronicle The U.S. energy sector broke another record last year as the shale boom sent natural gas and petroleum production soaring. U.S. petroleum and natural gas production jumped by 16 percent and by 12 percent respectively in 2018, setting new production records, according to a new report from the U.S. Energy Department. The U.S. surpassed Saudi Arabia
U.S. Oil Firms Challenge Pipeline Surcharge for Steel Tariff: Filing
August 20, 2019
From Reuters Two U.S. shale producers have challenged an energy pipeline operator’s proposed surcharge for the Trump administration’s 25% tariff on imported steel, raising the stakes for pipeline builders facing higher construction costs. The United States imposed tariffs on imported steel and aluminum last year to shield U.S. producers from overseas competition. U.S. energy industry trade groups have warned the
