U.S. Offshore
News
April 01, 2024
The divestment includes Beacon’s 18.7% interest in the Buckskin producing field, 17% interest in the Leon development, 16.15% interest in the Castile development, 0.5% interest in the Salamanca FPS/lateral infrastructure, and 32.83% interest in the Sicily discovery.
News
March 25, 2024
Judge Christopher Copper ruled in favor of the Bureau of Land Management’s (BLM) greenhouse gas (GHG) analysis that served as the basis of the sale of 162 leases in Wyoming, Montana, North Dakota, Oklahoma, New Mexico, Nevada, and Colorado.
News
Subsea7 secures offshore contract for Woodside’s Gulf of Mexico Trion field worth up to $500 million
March 14, 2024
Subsea7 will be responsible for the engineering, construction, and installation of the subsea umbilicals, risers, and flowlines, as well as the associated subsea architecture.
News
March 14, 2024
Advanced AI is gaining a foothold in the oil field as drillers and producers are relentlessly focused on improving efficiency. While the technology is being tested around the globe, the U.S. is perhaps the most important spot to watch.
News
March 12, 2024
The subsea portion of the project includes the installation of three infield subsea pipeline systems, as well as the design and fabrication of subsea structures. The pipelines will run from the wellsite to the Salamanca floating production facility.
News
March 12, 2024
For the full year 2024, Talos expects average daily production between 89,000 and 95,000 boed, an increase from the previous guidance of between 87,000 and 93, 000 boed.
News
March 11, 2024
The data shows that U.S. crude oil and condensate production averaged 12.9 MMbpdin 2023, breaking the previous U.S. and global record of 12.3 million bpd set in 2019. Average monthly U.S. oil production established a monthly record high in December 2023 at over 13.3 MMbpd.
News
March 05, 2024
Diamond Offshore Drilling, Inc. has executed a two-year contract extension with a subsidiary of bp in the U.S. Gulf of Mexico for the Ocean BlackHornet, commencing in February 2025. This contract extension represents approximately $350 million dollars of additional backlog.
Article
February 2024
Active natural gas wells saw a slight increase in the U.S. during 2023 of 0.9%, to 496,756 total wells, compared with 492,197 in 2022. Accordingly, total marketed gas production in the U.S. also saw an increase.
Article
February 2024
Look for U.S. spending to increase just 2.2% in 2024, and drilling should be flat. Many factors are at play to bring this result.
News
February 22, 2024
Shell Offshore Inc., a subsidiary of Shell plc, announced the start of production at Rydberg, a subsea tie-back to the Shell-operated Appomattox production hub in the Gulf of Mexico with an estimated peak production of 16,000 boed.
News
February 16, 2024
TechnipFMC has been awarded a substantial contract from Shell plc for the first integrated Engineering, Procurement, Construction, and Installation (iEPCI) project to use high-pressure subsea production systems rated up to 20,000 psi (20K).
News
February 08, 2024
Diamond Offshore Drilling, Inc. has executed a two-year contract extension with a subsidiary of bp in the U.S. Gulf of Mexico for the Ocean BlackLion, commencing in September 2024. Additionally, the company has entered into a drilling contract with Serica Energy (UK) Limited to utilize the Ocean Patriot for two plug and abandonment (P&A) wells in the U.K. North Sea.
News
February 05, 2024
The oil and gas industry recently participated in the Gulf of Mexico Lease Sale 261, where blocks within the survey area attracted 16 winning bids and a total bid value of more than $40 million. The Engagement 5 dataset will support existing and new leaseholders as well as regional operators with the most technically advanced subsurface imaging.
News
January 24, 2024
These two campaigns resulted in the successful acid treatments of a combined six wells. The wells ranged in water depth from 6,500’-7,200’.
News
January 22, 2024
Recent estimated production for the fields has ranged from approximately 3,700 to 5,700 boed (around 68% liquids). W&T plans to implement a series of workovers, recompletions and general maintenance work that the Company expects will increase total production from the fields.
News
January 17, 2024
TechnipFMC will install pipe and an umbilical, tying back three new wells to the Argos platform in the Gulf of Mexico.
News
January 16, 2024
QuarterNorth's producing assets include six major fields and are approximately 95% operated and 95% in deepwater. The Transaction is expected to improve Talos's base decline rate by approximately 20%, providing increased production stability and lower reinvestment rates.
News
January 10, 2024
First oil is expected to occur early in the second quarter 2024, and from three initial wells projected to deliver gross production of approximately 22,000 boepd.
News
January 04, 2024
Danos will oversee the coordination of materials and personnel to and from multiple bp locations, ensuring streamlined and efficient logistical support.
News
January 03, 2024
The Lime Rock and Venice wells were brought safely online in late December 2023 and have achieved an initial combined gross production rate of over 18,500 boed, averaging about 45% oil and 55% liquids.
