BP is ramping up oil exploration and drilling activity in frontier prospects as the energy giant tries to stem a decline in its oil and gas output after years of focusing on a shift to renewables to cut carbon emissions. The move comes as companies…
Mexican national oil company Pemex said on Wednesday its net profit almost halved in the first quarter to $3.15 billion, as weaker sales outweighed lower costs and currency gains from a stronger peso.In a securities filing, Pemex said profit declined from about $6…
Oil company LLOG Exploration Offshore has awarded a subsea installation contract to Subsea 7 as part of its Salamanca development project in the U.S. Gulf of Mexico.The Salamanca development project includes the Leon and Castile offshore oil fields…
Operator Wintershall Dea and its partners Harbour Energy and Sapura OMV have made a significant oil discovery on the Kan exploration prospect in Block 30, located in the shallow waters of the Cuenca Salina in the Sureste Basin, offshore Mexico…
The U.S. Coast Guard said Sunday it had evacuated a crew member from motor vessel Solitaire approximately 15 miles south of Port Fourchon, Louisiana. Coast Guard Eighth District and Coast Guard Sector New Orleans command center watchstanders received a report at approximately 10 p…
Italian oil company Eni has extended the contract for Saipem's 7th-generation Santorini drillship for two years, starting in August 2023.According to Saipem, the extension is worth approximately 280 million dollars. 'To this amount will be added…
Acteon's InterMoor has secured a contract to fabricate 12 mooring piles to support oil firm LLOG in the permanent mooring of the Salamanca Floating Production System in the U.S. Gulf of Mexico.LLOG previously awarded the design of the 80’ long and 16’ OD piles…
Oil major BP has started oil production at its Argos offshore platform in the deepwater U.S. Gulf of Mexico.With a gross production capacity of up to 140,000 barrels of oil per day, Argos is BP’s fifth platform in the Gulf of Mexico and the…
U.S. Gulf of Mexico-focused oil company W&T Offshore said Thursday that Janet Yang, Executive Vice President and Chief Financial Officer, would leave the company on May 11, 2023, following the release of the company’s first-quarter earnings…
U.S. field production of crude oil rose in January to 12.46 million barrels per day (bpd), the highest since March 2020, Energy Information Administration (EIA) data showed on Friday.Among the top oil producing states, monthly output in Texas rose 1…
Exxon Mobil Corp on Wednesday bid for offshore blocks to store carbon dioxide underground during a government oil and gas lease sale in the U.S. Gulf of Mexico, while rivals Chevron Corp and BP Plc targeted areas for production.The largest U…
Mexico's state-owned Pemex and a consortium led by U.S.-based Talos Energy submitted a development plan for a major offshore oil field to regulators on Thursday, in the latest step in a years-long saga over the potentially lucrative discovery…
The U.S. Coast Guard medevaced a 28-year-old man from BP's Atlantis offshore platform Friday, about 130 miles south of Port Fourchon, Louisiana.Coast Guard Sector New Orleans watchstanders received a call at approximately 5:40 p.m. from a medic…
Oil major Shell has sanctioned the development of the Dover offshore oil field in the Gulf of Mexico.Shell plans to develop the Dover project as a subsea tieback to the Shell-operated Appomattox offshore production platform, with two production wells produced through a 17…
Offshore drilling contractor Seadrill said Tuesday it had secured a contract extension for its West Neptune drillship.The extension, about six months long, is with the U.S. Gulf of Mexico-focused oil company LLOG Exploration Offshore.The contract extension for the 228-meter-long…