Deepwater

Equinor Targets Deepwater Norwegian Natural Gas Field to Boost Euro Supply

Equinor Targets Deepwater Norwegian Natural Gas Field to Boost Euro Supply

Equinor ASA has submitted a plan to Norwegian regulators outlining a $14 billion-plus project for the country’s first planned deepwater development to boost long-term natural gas supply to Europe. Equinor and its partners told regulators they could tap the Irpa gas field in the Vøring Basin deep below the Norwegian Sea. Discovered in 2009 and…

November 23, 2022
New Fortress Aiming for Lakach Natural Gas Production Offshore Mexico by End-2023

New Fortress Aiming for Lakach Natural Gas Production Offshore Mexico by End-2023

New Fortress Energy Inc. (NFE) is targeting first natural gas production from the Lakach deepwater field offshore Mexico by the end of 2023, according to CEO Wes Edens. NFE management held a conference call on Thursday to update investors on a series of commercial agreements reached with Mexico’s state-owned energy giants, Petróleos Mexicanos (Pemex) and…

July 6, 2022
Oxy Prepared for Volatile Year, but Some Oil, Gas Producers Not So Lucky, Says Hollub

Oxy Prepared for Volatile Year, but Some Oil, Gas Producers Not So Lucky, Says Hollub

U.S. oil and gas producers that weren’t prepared to get down to business as prices rose may be out of luck, Occidental Petroleum Corp. CEO Vicki Hollub said Wednesday. Hollub helmed a first quarter conference call, joined by CFO Robert Peterson and Richard Jackson, president of U.S. Onshore Resources and Carbon Management. They shared with…

May 13, 2022
BP, Equinor Pull Out of Mexico Deepwater Block

BP, Equinor Pull Out of Mexico Deepwater Block

Mexican upstream regulator Comisión Nacional de Hidrocarburos (CNH) has given the green light for the local subsidiaries of European energy giants BP plc and Equinor ASA to pull out of their participation in a deepwater block offshore Veracruz and Tabasco states. The Mexico branch of France’s TotalEnergies SE will now assume control of the Salina…

February 15, 2022
Shell Reports Another Deepwater Gusher in GOM Perdido

Shell Reports Another Deepwater Gusher in GOM Perdido

The plethora of oil and natural gas discoveries in the rich Perdido thrust belt of the deepwater Gulf of Mexico (GOM) has yielded yet another discovery for Royal Dutch Shell plc. Houston-based Shell Offshore Inc. made a “material discovery at the Blacktip North prospect” in U.S. waters. The well encountered about 300 feet net oil…

December 15, 2021
Shell’s Perdido Yields Yet Another Deepwater Discovery

Shell’s Perdido Yields Yet Another Deepwater Discovery

The plethora of oil and natural gas discoveries in the rich Perdido thrust belt of the deepwater Gulf of Mexico (GOM) has yielded yet another discovery for Royal Dutch Shell plc. Houston-based Shell Offshore Inc. made a “material discovery at the Blacktip North prospect” in U.S. waters. The well encountered about 300 feet net oil…

December 14, 2021
Deepwater GOM Draws Biggest Bids, but Shallow Water Floats ExxonMobil’s Boat in BOEM Auction

Deepwater GOM Draws Biggest Bids, but Shallow Water Floats ExxonMobil’s Boat in BOEM Auction

A federal auction for oil and natural gas leases in the Gulf of Mexico (GOM) drew more participants and money than a year ago, but the Biden administration, under court order to hold the sale, pledged that changes still would be made. Lease Sale 257, the eighth offshore auction and first in a year, was…

November 17, 2021
BHP, Pemex Push Ahead with Mexico Deepwater Project

BHP, Pemex Push Ahead with Mexico Deepwater Project

With Gulf of Mexico (GOM) activity accelerating throughout both U.S. and Mexico waters, Australia’s BHP has given its stamp of approval to spend $258 million to advance the front-end engineering design phase for the Trion project in Mexico’s deepwater. Studies would be centered on completing engineering and commercial arrangements toward potentially sanctioning the project by…

August 11, 2021
Eni’s Gusher in Mexico’s GOM Waters Said Sign of Remaining Untapped Potential

Eni’s Gusher in Mexico’s GOM Waters Said Sign of Remaining Untapped Potential

Italy’s Eni SpA has announced another deepwater find in the Sureste Basin in southeastern Mexico’s Gulf of Mexico (GOM), with preliminary estimates indicating 150-200 million boe in place. The estimated resources “reflect that there’s still untapped potential to be brought to market,” Amexhi head Merlin Cochran told NGI’s Mexico GPI. Amexhi is a Mexico private…

August 3, 2021
Deepwater Oil Find Said Sign of Existing Opportunities in U.S. Gulf of Mexico

Deepwater Oil Find Said Sign of Existing Opportunities in U.S. Gulf of Mexico

BP plc said it has struck oil at the Puma West prospect offshore Louisiana near its Mad Dog platform in the deepwater Gulf of Mexico (GOM).  The well in Green Canyon Block 821 was drilled by BP, operator and owner of the block, on behalf of co-owners Chevron U.S.A. Inc. and Talos Energy Inc., each…

April 19, 2021
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