Woodside’s $7.2 Billion Bet on Deepwater Mexico Potential

Woodside Energy is making a massive bet offshore Mexico at the large, high-quality conventional resource Trion development, checking key production, climate and financial boxes for both Mexico and partners Woodside and Petroleos Mexicanos.

Transocean Announces $222MM Deepwater Drillship Contract

The $222 million ultra-deepwater drillship contract is for the Dhirubhai Deepwater KG1 offshore India.

E&P Highlights: Aug. 21, 2023

Here’s a roundup of the latest E&P headlines including first production from the Marlim and Voador fields offshore Brazil and new contract awards in the upstream oil and gas industry.

Deepwater GoM Construction Ramps Up

Analysts forecast seven new platforms to be added to the Gulf of Mexico between 2021 and 2025.

Robust International Results Lift Oilfield Service Companies

Oilfield service companies SLB, Baker Hughes and Halliburton report solid second quarter results from international operations.

E&P Highlights: July 24, 2023

Here’s a roundup of the latest E&P headlines, including ramping up production offshore Gabon and delays for Sangomar offshore Senegal in the upstream oil and gas industry.

E&P Highlights: July 17, 2023

Here’s a roundup of the latest E&P headlines, including the Jubilee South East project reaching production of 100,000 bbl/d and new contract awards in the upstream oil and gas industry.

E&P Highlights: July 10, 2023

Here’s a roundup of the latest E&P headlines including progress redeveloping the Tyra Field  and new contract awards in the upstream oil and gas industry.

Hess: Cash Flow to Rise 25% Annually for Half Decade

U.S. oil producer Hess Corp. expects an increase in cash flow of 25% per year for the next five years, with oil remaining about $75 per barrel, CEO John Hess told an investor conference on June 25.

Fire Halts Output at Equinor's Gina Krog Oil Platform

A fire broke out on June 21 at Equinor's Gina Krog oil platform in the North Sea, halting output, a company spokesperson said.