BP has delivered first oil from the Atlantis Drill Center 1 expansion project in the U.S. Gulf of America, two months ahead of plan.The project is expected to add 15,000 barrels of oil equivalent per day (boe/d) gross peak annualized average production at the existing Atlantis platform.Atlantis, one of BP’s longest-running platforms in the Gulf of America, has a gross production capacity of up to 200…
BP, Woodside Energy and Chevron were the top winners on Wednesday at the U.S. government's first sale of oil and gas drilling rights in the Gulf of Mexico since 2023.The auction, which ended with $279.4 million in high bids, was the first of 30 mandated by U…
BP, Chevron and Shell were among the top bidders on Wednesday at the U.S. government's first sale of oil and gas drilling rights in the Gulf of Mexico since 2023.The auction, which ended with $279.4 million in high bids, was the first of 30 mandated by U…
Oil major Shell said output at two of its offshore platforms in the U.S. Gulf of Mexico has been temporarily shut due to a shutdown of the Hoover Offshore Oil Pipeline System (HOOPS).The top producer in the U.S. Gulf said it expects its Whale and Perdido platforms…
Shell is in advanced discussions to buy LLOG Exploration offshore in a deal valued at more than $3 billion. This would increase the oil major's portfolio of upstream oil and gas producers by acquiring one of the biggest privately owned oil and natural gas producers in the U…
India's Oil and Natural Gas Corp (ONGC) will pay into Russia's Sakhalin-1 oil and gas field abandonment fund in roubles, using Indian companies' frozen dividends to retain its 20% stake in the project, three sources familiar with the matter said…
Crude oil production in the United States is booming, reports Poten & Partners in its weekly opinion.According to the U.S. Energy Information Administration, U.S. Field Production of Crude Oil reached 13.8 Million barrels per day (Mb/d) in September 2025…
Eni has signed a long-term LNG sales agreement with Thailand’s Gulf Development Company, expanding its presence in Asian gas markets and advancing its plan to build a diversified global liquefied natural gas (LNG) portfolio.Under the 10-year contract…
Chevron said on Wednesday that capital expenditure for 2026 will be between $18 billion and $19 billion as the oil major focuses on production in the U.S. and investments connected to a recently-acquired oil stake in Guyana.The range is at the…
China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has started production from the Weizhou 11-4 oilfield adjustment and satellite fields development project in South China Sea.The project is located in the Beibu Gulf Basin…
ABS issued approval in principle (AIP) to Hanwha Ocean Co. Ltd. for remote control functions for FPSO units.ABS completed design reviews based on the ABS Requirements for Autonomous and Remote-Control Functions.The project is part of the Offshore…
Global energy and marine consultancy ABL has partnered up with Egypt’s Petroleum Marine Services (PMS) to introduce a unified rig moving service in the Red Sea and Gulf of Suez, with the support of the Egyptian General Petroleum Corporation (EGPC)…
The Energy Information Administration (EIA), which released data on Friday, showed that U.S. crude oil production reached a new record in September, despite concerns about oversupply.Oil production in the U.S. continues to reach record levels despite weak prices…
Britain will allow some new oil and gas production on or near existing fields, the government said on Wednesday, easing its stance on new licences while dashing oil and gas producers' hopes for an early end to windfall taxes on their sector…
Seatrium has secured a contract from BP for the engineering, procurement, construction and onshore commissioning of the Tiber floating production unit (FPU) in the Gulf of America.The Tiber FPU marks Seatrium’s second consecutive deepwater project for BP…
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