E&P Highlights: Nov. 7, 2023
From another postponement of the Gulf of Mexico’s Lease Sale 261 to new contract awards, below is a compilation of the latest headlines in the E&P space.
BW Energy Discovery Commercial Oil in Hibiscus South Prospect
BW Energy plans to return to the Hibiscus South Prospect well to complete it as a production well in early 2024.
Despite Spooky Start, Transocean Walking Out of Graveyard
Despite another quarter of losses, Transocean argues it is still poised for a strong 2024.
Energy Transition in Motion (Week of Oct. 27, 2023)
Here is a look at some of this week’s renewable energy news, including a battery manufacturer's $1.2 billion Arizona battery facility and the U.S. entry of Belgium-based electrolyzer manufacturer John Cockerill Hydrogen.
SLB’s International Business Carries Q3 Revenue
SLB’s international businesses picked up the slack to replace the lack of revenue from North America due to slower drilling activity in the U.S. and Gulf of Mexico.
Drilling Expected to Begin with Offshore Namibia Production License
Galp enlisted SFL Corp.'s semi-submersible rig, which is in transit to PEL 83, offshore Namibia, with a spud date expected in mid-November.
LNG Tanker Diverts from Egypt as Israeli Gas Flows Ebb
A tanker seeking to fill up LNG at a terminal in Egypt left empty and diverted to another port after an Israeli pipeline supplying gas was halted due to Israel-Hamas conflict.
Marathon Oil Announced LNG Sales Agreement with Glencore Energy UK
The LNG sales agreement includes a portion of Glencore’s Alba Field gas.
ANPG Announces Bidding for 12 Blocks in Lower Congo, Kwanza Onshore Basins
The Angola National Agency of Petroleum, Gas and Biofuels’ deadline for submitting proposals extends until Nov. 15.
APA Says Permian to Drive Q3 Volumes
Houston-based APA Corp. said its Permian Basin assets will drive increases in overall production in third-quarter 2023.