E&P Highlights: April 7, 2025
Here’s a roundup of the latest E&P headlines, from BP’s startup of gas production in Trinidad and Tobago to a report on methane intensity in the Permian Basin.
INEOS Buys CNOOC’s Gulf Assets, Bringing US Deals Total to $3B
INEOS Energy closed an acquisition of U.S. Gulf assets held by a CNOOC subsidiary. Combined with a previous LNG agreement and acquisition of Eagle Ford Shale assets, the British company has spent $3 billion in the U.S.
Segrist: Permit Reform Rumbles as US Seeks to ‘Unleash American Energy’
The White House has called for changes to a heavily criticized system, but new rules require a lot more work.
Murphy Oil Buys BW's Pioneer FPSO for $125MM
Murphy Oil Corp. is buying an FPSO from BW Offshore for $125 million.
BP Resets to NatGas as Energy Transition Takes a Backseat, CEO Says
BP CEO Murray Auchincloss said the company’s strategic shift will focus on natural gas and “the time has come for the Haynesville.”
E&P Highlights: March 10, 2025
Here’s a roundup of the latest E&P headlines, from a new discovery by Equinor to several new technology announcements.
McDermott Completes Project for Shell Offshore in Gulf of Mexico
McDermott installed about 40 miles of pipelines and connections to Shell’s Whale platform.
MPLX Acquires Remaining Interest in BANGL for $715MM
MPLX LP has agreed to acquire the remaining 55% interest in BANGL LLC for $715 million from WhiteWater and Diamondback.
E&P Highlights: Feb. 24, 2025
Here’s a roundup of the latest E&P headlines, from a sale of assets in the Gulf of Mexico to new production in the Bohai Sea.
ConocoPhillips to Sell Interests in GoM Assets to Shell for $735MM
ConocoPhillips is selling to Shell its interests in the offshore Ursa and Europa fields in the Gulf of Mexico for $735 million.