BP has decided to exit its 50% interest in Block 24/11 offshore southern Angola after concluding that its 2014 Katambi gas discovery there is not commercial. Due to the exit from Block 24/11 and other exploration write-offs in Angola…
The Bureau of Ocean Energy Management (BOEM) completed its required evaluation to ensure the public receives fair market value for tracts leased in Central Gulf of Mexico Oil and Gas Lease Sale 247, held on March 22 of this year. The…
Drilling contractor Noble Corporation Plc has awarded a contract to AFGlobal to provide and install an integrated deepwater managed pressure drilling (MPD) system. “The addition of MPD systems to our rig fleet will provide a valuable…
Hilcorp Alaska was the sole bidder in Cook Inlet Lease Sale 244, the first lease sale held in Alaskan federal waters since 2008. Map from BOEM. A unit of Hilcorp Energy Co., Hilcorp…
Gulf of Mexico oil and gas operators have evacuated workers and secured offshore facilities to prepare for the impact of Tropical Storm Cindy. Source: Accuweather As a result of these precautionary measures…
LAGCOE has announced the LAGCOE Looey 2017 as Don Briggs, founding member and president of the Louisiana Oil and Gas Association. Image of Briggs, from LAGCOE. LAGCOE Looey is…
Anadarko Petroleum today (20 June) said it had completed the evacuation of all non-essential personnel from its Gulf of Mexico facilities ahead of Tropical Storm Cindy. The company started pulling workers from offshore facilities the afternoon of 19 June…
Mexico is celebrating its successful shallow water round, Round 2.1, which has awarded 10 of 15 blocks in the Gulf of Mexico today (19 June). Image of Juan Carlos Zepeda, kicking off Round 2.1…
Energy XXI Gulf Coast (EGC) has spudded its first well of the year at West Delta 30 off the coast of Louisiana, as the company announced an 18% workforce reduction. Image of West Delta operations…
The International Energy Agency (IEA) anticipates the global oil market will remain oversupplied into 2018 due to rising US oil production and failure of some OPEC members to comply with production targets. According to IEA’s June market report…
McCubbin. Images from OTC. Offshore Technical Compliance (OTC) has appointed David McCubbin as chief operating officer (COO) and Dan Phelps as director – compliance inspection services…
General Electric’s (GE) investment arm GE Ventures on Tuesday announced the startup of Avitas Systems, which will use predictive data analytics, robotics, and artificial intelligence to deliver advanced inspection services to the oil and gas…
Just like other oil and gas provinces, the global deepwater industry is adjusting to the new normal of low oil prices. However, that adjustment has not been as quick or granular as the response of US tight oil to OPEC’s 2014 decision not to cut production…
Italian giant Eni has submitted its proposal to the Bureau of Ocean Management (BOEM) for a drilling program offshore Alaska, from the man-made island, Spy Island Drillsite (SID) in the Beaufort Sea. Map of SID…
Baker Hughes and GE are one step closer to closing their proposed merger, after reaching an agreement with the US Department of Justice (DOJ), allowing the two companies to complete their proposed transaction under US law. Image from Baker Hughes…
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