Australia's Woodside Okays $7.2B Trion Deepwater Oil Project in Mexico

Woodside Energy Group forecast its share of the capex at $4.8 billion, while the remaining 40% will be funded by Mexican state-owned Pemex. 

E&P Highlights: June 20, 2023

Here’s a roundup of the latest E&P headlines including finds offshore Nigeria and Guyana and new contract awards in the upstream oil and gas industry.

Hart Energy Exclusive Interview: The Metals Company's Barron, Oil States International's Taylor

In this Hart Energy Exclusive Interview, Hart Energy's Velda Addison speaks with The Metals Company's CEO Gerard Barron and Oil States International CEO Cindy Taylor about offshore sea mining.

Petrobras Brings Búzios 5 FPSO Onstream

Fifth FPSO receives production at world’s largest deepwater field, with at least six more FPSOs planned.

SUPER DUG: IPAA Chairman—Whatever Biden Says, He Means ‘No New Drilling’

IPAA Chairman Steve Pruett lauds allies in the House, but says the Biden administration is intent on cutting oil and gas drilling.

Shell’s Vito Project: The Uphill Climb to Deepwater

Shell’s path to production for the Vito project faced a few setbacks, but is now halfway to peak production.

Equinor Inks SURF, FPSO Contracts for $9B Brazil Project

The BM-C-33 project, offshore Brazil, is in 2,900 m water depth — the deepest installation in Equinor’s history.

Equinor, Repsol and Petrobras Reveal $9B FID Offshore Brazil

Equinor, Repsol and Petrobras, partners in the BM-C-33 project offshore Brazil, have taken a $9 billion final investment decision for the project which is slated to start up in 2028.

Like It or Not, Deepwater Oil and Gas Holds the Key to Energy Transition

Developments in deepwater oil and gas play a critical role in the quest to transition to cleaner energy.

OTC: Well Abandonment: A Procrastination Case Study

Decommissioning activities are expected to reach nearly $100 billion through 2030, but planning early can minimize the outlay.