The Latest

High Pressure, Temps, No Problem: BP Dives Deeper in GoM

BP is preparing for a 2024 FID on Kaskida and 2025 FID on Tiber projects in the Gulf of Mexico, a BP executive said during an OTC keynote.

Crescent Point Divests Non-core Saskatchewan Assets to Saturn Oil & Gas

Crescent Point Energy is divesting non-core assets to boost its portfolio for long-term sustainability and repay debt.

Chevron, Total’s Anchor Up and (Almost) Running

During the Offshore Technology Conference 2024, project managers for Chevron’s Anchor Deepwater Project discussed the progress the project has made on its journey to reach first oil by mid-2024.

Electric Hype vs. Hydraulic Reality: Advantages of Traditional Systems

Castrol's new fluid prevents gas hydrates in deepwater control systems. 

EOG: Utica Oil Can ‘Compete with the Best Plays in America’

Oil per lateral foot in the Utica is as good as top Permian wells, EOG Resources told analysts May 3 as the company is taking the play to three-mile laterals and longer.

E&P Highlights: May 6, 2024

Here’s a roundup of the latest E&P headlines, including technology milestones and new contract awards.

Dara Energy Acquires Assets in Three States from Vinland

Dara Energy closed an acquisition of low decline oil and gas assets in Kentucky, Tennesee and Texas from Vinland Energy.

OTC: SLB Exec Says Goal is to Expand Production, Lower Emissions

Despite rapidly expanding global renewables capacity, oil and gas products will still supply around half of global energy demand by 2040, an SLB executive said during the 2024 Offshore Technology Conference.

IOG Resources Acquires Interests from Civitas

IOG Resources acquired interests in the Denver-Julesburg Basin from Civitas Resources.

Valaris’ 1Q Sets Positive Tone for Offshore

Coming out of first-quarter 2024, drilling contractor Valaris expects a sustained upcycle for the offshore drilling industry supported by demand growth, OPEC+ production cuts and supportive commodity prices.