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Hess Announces Gulf of Mexico Oil Discovery

Hess Announces Gulf of Mexico Oil Discovery

October 29, 2019 No Comments

Hess Corporation (NYSE:HES) today announced an oil discovery at the Esox-1 exploration well located in Mississippi Canyon Block No. 726 in the deepwater Gulf of Mexico. Esox-1 was drilled in 4,609 feet (1,405 meters) of water and encountered approximately 191 net feet (58 meters) of high quality oil bearing Miocene reservoirs. Esox-1 is located approximately […]

McDermott on track with PEMEX Abkatun-A2 Platform

McDermott on track with PEMEX Abkatun-A2 Platform

October 28, 2019 No Comments

McDermott International, Inc. (NYSE: MDR) today announced substantial completion of PEMEX Exploracion y Produccion’s Abkatun-A2 Platform. The production platform is located in Mexico’s Bay of Campeche in the Gulf of Mexico. This milestone means the platform has now been turned over to the owner to begin commercial operations. “With substantial completion of the Abkatun-A2 Platform […]

Increased oil recovery from St. Malo

Increased oil recovery from St. Malo

September 20, 2019 No Comments

Equinor announced today the sanction of a waterflood project in the St. Malo field in the US Gulf of Mexico. This waterflood project, sanctioned in the resource-rich Wilcox formation in the deepwater Gulf of Mexico, is expected to contribute an estimated ultimate recovery of more than 150-175 million barrels of oil equivalent. Equinor holds a […]

Chevron Boosts Production at St. Malo Field in the GoM

Chevron Boosts Production at St. Malo Field in the GoM

September 19, 2019 No Comments

Chevron Corporation (NYSE:CVX) today announced the sanction of a waterflood project in the St. Malo field. This application of enabling technology is expected to increase recovery and advance Chevron’s strategy of maximizing the company’s existing resources in the Gulf of Mexico. “The St. Malo field is a world-class asset that is positioned for highly economic […]

TechnipFMC Awarded Contract for the Shell PowerNap project

TechnipFMC Awarded Contract for the Shell PowerNap project

August 22, 2019 No Comments

TechnipFMC (NYSE: FTI) (Paris: FTI) has been awarded a significant(1) integrated Engineering, Procurement, Construction and Installation (iEPCI™) contract by Shell for the PowerNap project, located in the Gulf of Mexico. TechnipFMC will design, manufacture and install subsea hardware, including subsea tree systems, subsea distribution controls, topside controls, flying leads and connectors for three wells, in addition to the supply of 20 […]

Equinor completes acquisition with Shell in the US Gulf of Mexico

Equinor completes acquisition with Shell in the US Gulf of Mexico

August 20, 2019 No Comments

The Bureau of Ocean Energy Management has approved Equinor and Shell’s transaction announced in May 2019, whereby Equinor exercised its preferential right to acquire 22.45% interest in the Caesar Tonga oil field from Shell Offshore Inc for a total consideration of USD 965 million in cash. Equinor’s interest in the field is now 46%. Anadarko […]

Shell invests in PowerNap subsea tie-back in Gulf of Mexico

Shell invests in PowerNap subsea tie-back in Gulf of Mexico

August 1, 2019 No Comments

Shell Offshore Inc. (Shell), a subsidiary of Royal Dutch Shell plc, has taken the final investment decision (FID) for the PowerNap deep-water project in the US Gulf of Mexico. PowerNap is a subsea tie-back to the Shell-operated Olympus production hub. The project is expected to start production in late 2021 and produce up to 35,000 […]

BP Announce Second quarter and half year 2019 Results

BP Announce Second quarter and half year 2019 Results

July 30, 2019 No Comments

Strong financial resultsUnderlying replacement cost profit for the second quarter of 2019 was $2.8 billion, similar to a year earlier. The quarter’s result largely reflected continued good operating performance, offset by oil prices lower than in the second quarter of 2018. Non-operating items in the second quarter of $0.9 billion, post-tax, related mainly to impairment […]

W&T Offshore Acquires Producing Properties in the Gulf of Mexico

W&T Offshore Acquires Producing Properties in the Gulf of Mexico

June 28, 2019 No Comments

W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) announced that it has entered into a purchase and sale agreement with ExxonMobil Corporation (“ExxonMobil”) to acquire their interests in and operatorship of oil and gas producing properties in the eastern region of the Gulf of Mexico (“GOM”), offshore Alabama, and related onshore processing facilities for […]

Shell starts production at Appomattox in the Gulf of Mexico

Shell starts production at Appomattox in the Gulf of Mexico

May 28, 2019 No Comments

Royal Dutch Shell plc, through its subsidiary Shell Offshore Inc (Shell) announces today that production has started at the Shell-operated Appomattox floating production system months ahead of schedule, opening a new frontier in the deep-water US Gulf of Mexico. Appomattox, which currently has an expected production of 175,000 barrels of oil equivalent per day (boe/d), […]

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