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Total signs agreement with Chevron

Total signs agreement with Chevron

September 22, 2017 No Comments

Total announces that its subsidiary, TOTAL E&P USA, INC. (“Total”), has entered into an agreement to capture 7 prospects operated by CHEVRON U.S.A. INC. (“Chevron”) in the deepwater Gulf of Mexico. The agreement covers 16 blocks. The associated prospects are located in two promising plays and areas of the GoM: Wilcox in Central GoM next […]

GulfSlope Energy and Texas South Energy Announce Letter of Intent with IOC

GulfSlope Energy and Texas South Energy Announce Letter of Intent with IOC

September 13, 2017 No Comments

GulfSlope Energy, Inc. (OTCQB: GSPE) (“GulfSlope”) and Texas South Energy, Inc.(OTC PINK: TXSO) (“Texas South”) (collectively, the “Farmors”) announced today that they have jointly executed an exclusive letter of intent (“LOI”) with a large international oil and gas company (the “Partner”) to jointly drill and develop the Farmors oil and gas prospects located offshore Gulf […]

GoM operators shut production

GoM operators shut production

August 25, 2017 No Comments

Shell, Exxon, and Anadarko are reducing production in the Gulf of Mexico ahead of a storm that the U.S. National Hurricane Center said yesterday will affect most of the Texas coast. The NHC expects Tropical Depression Harvey to intensify as it nears the land. Shell, according to Reuters, is moving all personnel working on the […]

Second 3D multi-client reimaging program offshore Mexico

Second 3D multi-client reimaging program offshore Mexico

August 9, 2017 No Comments

ION Geophysical Corporation (NYSE: IO) recently announced a new 3D multi-client broadband re imaging program offshore the Western Gulf of Mexico using the Mexican National Hydrocarbons Commission (CNH) data library. The Mexican Ridges 3D reimaging program is fully supported by industry funding and contains eight surveys covering approximately 28,800 sq km over the Mexican Ridges […]

Anadarko Announce Second-Quarter 2017 Operations Report

Anadarko Announce Second-Quarter 2017 Operations Report

July 27, 2017 No Comments

Anadarko Petroleum Corporation (NYSE: APC) announced its second-quarter 2017 results, reporting a net loss attributable to common stockholders of $415 million, or $0.76 per share (diluted). These results include certain items typically excluded by the investment community in published estimates. In total, these items increased the net loss by $8 million, or $0.01 per share […]

Shell purchases deep-water production and storage vessel

Shell purchases deep-water production and storage vessel

July 13, 2017 No Comments

Shell Offshore, Inc. announces that its affiliate, Shell E and P Offshore Services B.V., will exercise a contractual right to purchase the Turritella floating, production, storage and offloading (FPSO) vessel from SBM Offshore. The vessel is contracted for the Stones deep-water development in the Gulf of Mexico, which began production last year. Shell and SBM […]

Eni awarded 3 new Exploration & Production blocks

Eni awarded 3 new Exploration & Production blocks

June 20, 2017 No Comments

Eni has been granted 3 of 10 offshore blocks awarded by Mexico’s National Hydrocarbon Commission (CNH) in the Sureste Basin, in the Gulf of Mexico. This result boosts Eni’s presence in a market that only opened up to foreign investments in 2014, in line with the country’s Energy Reform, and which has huge growth potential. […]

Cairn secures new licences in Mexico bid round

Cairn secures new licences in Mexico bid round

June 20, 2017 No Comments

Cairn announced it has secured interests in two licences in the Mexico offshore bid round. The licences (one operated and one non-operated, covering ~1,100km2) are located in the Gulf of Mexico in the shallow water Sureste basin in water depths of 100-500metres and ~50km offshore: Block 7: ENI (45% operator), Cairn (30%), Citla (25%) Block 9: Cairn (65% operator), Citla (35%) […]

W&T Offshore Receives Final Trial Court Judgment in Lawsuit

W&T Offshore Receives Final Trial Court Judgment in Lawsuit

June 2, 2017 No Comments

W&T Offshore, Inc. (NYSE: WTI) reported that it has received a final trial court judgment from the U.S. District Court for the Southern District of Texas directing the company to pay Apache Corp. $43.2 million, plus $4.4 million in prejudgment interest, attorney’s fees and costs assessed in the judgment. The judgment stems from a previously […]

Chevron Highlights 2016 Performance & Future Plans at Annual Meeting of Stockholders

Chevron Highlights 2016 Performance & Future Plans at Annual Meeting of Stockholders

May 31, 2017 No Comments

Chevron Corporation (NYSE: CVX) today provided an overview of the company’s 2016 operational and social performance and future growth plans for the company at its 2017 Annual Meeting of Stockholders in Midland, Texas. “2016 was a transition year for Chevron and the industry,” said John Watson, chairman of the board and chief executive officer. “We […]

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