E&P Highlights: Jan. 6, 2025
Here’s a roundup of the latest E&P headlines, including company resignations and promotions and the acquisition of an oilfield service and supply company.
Biden Bans E&Ps from 625 Million Acres of Offshore Oil, Gas Leases
While the White House said the move doesn’t affect existing leases, oil and gas industry groups called excluding offshore waters “significant and catastrophic.”
Small Steps: The Continuous Journey of Drilling Automation
Incremental improvements in drilling technology lead to significant advancements.
Analysts: DOE’s LNG Study Will Result in Few Policy Changes
However, the Department of Energy’s most recent report will likely be used in lawsuits against ongoing and future LNG export facilities.
Oil States Closes $24.8MM Ship Channel Sale
Oil States International Inc. said proceeds from the “previously idled” Houston Ship Channel facility’s sale will be used toward debt reduction.
EIA: Gulf Production Suffered from Eventful Hurricane Season
Oil and gas platforms under-produced in September and November, the Energy Information Administration reported.
Talos Sells More of Mexican Subsidiary to Billionaire Carlos Slim
Talos Energy has agreed to sell another 30.1% interest in subsidiary Talos Mexico to entities controlled by billionaire Carlos Slim, whose companies also own at least 24% of Talos Energy’s common stock.
E&P Highlights: Dec. 16, 2024
Here’s a roundup of the latest E&P headlines, including a pair of contracts awarded offshore Brazil, development progress in the Tishomingo Field in Oklahoma and a partnership that will deploy advanced electric simul-frac fleets across the Permian Basin.
China's CNOOC Sells US Assets to Britain's INEOS
The Chinese oil and gas major said CNOOC Energy Holdings U.S.A. entered into a sales agreement with a subsidiary of INEOS relating to CNOOC's upstream oil and gas assets in the U.S. part of the Gulf of Mexico.
Shell, Chevron Take FID on Phase 3 of GoM Silvertip Frio Project
Shell Plc and Chevron Corp. are taking a final investment decision on Phase 3 of the Silvertip project in the Gulf of Mexico.