Kosmos to Repay Debt with $500MM Senior Notes Offer
Kosmos Energy’s offering will be used to fund a portion of its 7.125% senior notes due 2026, 7.750% senior notes due 2027 and 7.500% senior notes due 2028.
Transocean Scores $232MM Contract for Deepwater Atlas
Transocean’s newest $232 million ultra-deepwater contract follows the company’s $123 million contract for six wells offshore India by Reliance Industries.
CNOOC Makes Ultra-deepwater Discovery in the Pearl River Mouth Basin
CNOOC drilled a natural gas well in the ultra-deepwater area of the Liwan 4-1 structure in the Pearl River Mouth Basin. The well marks the first major breakthrough in China’s ultra-deepwater carbonate exploration.
Trillion Energy’s Offshore Turkey Well Begins Gas Production
Trillion Energy’s Akcakoca-3’s wellhead pressure increased to 616 psi, allowing the well to be put into production.
Hurricane Francine Shuts in Quarter of GoM Oil, Gas Production
The Bureau of Safety and Environmental Enforcement reported that 130 platforms and several rigs were affected as the storm approached the Louisiana coast.
TGS Awarded 2D Survey in the Sumatra Basin
TGS’ Sumatra Basin seismic acquisition is expected to be completed by the end of 2024.
Shell Pauses Some Oil Drilling Operations as Storm Francine Approaches Texas Coast
Shell paused some drilling operations at its Perdido and Whale offshore platforms in the Gulf of Mexico in anticipation of Francine's approach.
Talos Makes Discovery, Adds Prospect to Drilling Portfolio in GoM
Talos Energy Inc. made an oil and natural gas discovery at the Ewing Bank 953 well and entered into an agreement to began prospecting the Sebastian well in the Gulf of Mexico.
Noble Closes $1.6B Diamond Acquisition
Noble Corp.’s cash-and-stock deal to acquire Diamond Offshore Drilling comes as service companies continue to consolidate in an aftershock of widespread upstream M&A.
Breakthroughs in the Energy Industry’s Contact Sport, Geophysics
At the 2024 IMAGE Conference, Shell’s Bill Langin showcased how industry advances in seismic technology has unlocked key areas in the Gulf of Mexico.