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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), […]

Equinor to acquire an additional 22.45% interest in the Caesar Tonga oil field

Equinor to acquire an additional 22.45% interest in the Caesar Tonga oil field

May 13, 2019 No Comments

Equinor has exercised its preferential rights to acquire an additional 22.45% interest in the Caesar Tonga oil field from Shell Offshore Inc for a total consideration of USD 965 million in cash. This will increase Equinor’s interest from 23.55% to 46.00%. Anadarko remains the operator with a 33.75% interest, and Chevron retains its 20.25% interest. […]

BP approves Thunder Horse South Expansion Phase 2

BP approves Thunder Horse South Expansion Phase 2

May 8, 2019 No Comments

BP has sanctioned development of the Thunder Horse South Expansion Phase 2 project in the deepwater Gulf of Mexico. The project will further boost output at one of the largest oil fields in the Gulf of Mexico and marks BP’s latest major investment in the U.S. offshore region. The project is expected to add an […]

BP’s First quarter 2019 results

BP’s First quarter 2019 results

April 30, 2019 No Comments

Earnings and cash flow Underlying replacement cost profit for the first quarter of 2019 was $2.4 billion, compared to $2.6 billion a year earlier. The result reflected the weaker price and margin environment at the start of the quarter, partially offset by strong supply and trading results. Operating cash flow, excluding Gulf of Mexico oil […]

Shell announces deep-water discovery in Gulf of Mexico

Shell announces deep-water discovery in Gulf of Mexico

April 24, 2019 No Comments

Shell Offshore Inc. (“Shell”), a subsidiary of Royal Dutch Shell plc, today announced a significant discovery at the Blacktip prospect in the deep water U.S. Gulf of Mexico. Evaluation is ongoing and appraisal planning is underway to further delineate the discovery and define development options. Shell announces deep-water discovery in Gulf of Mexico “Blacktip is […]

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