Houston-based W&T Offshore Inc. has become the operator and majority owner of the Magnolia field in the deepwater Gulf of Mexico (GOM) in a $20 million acquisition from ConocoPhillips.
Articles from Deepwater
The oilfield services sector may see a slew of global oil and natural gas projects reach sanctioning heading into 2020, with high demand foreshadowing a shortage of qualified contractors and manpower.
Chevron Corp. on Thursday sanctioned the massive Anchor oil and natural gas project in the U.S. Gulf of Mexico (GOM), the first greenfield launch in nine years and the first high-pressure project for the domestic offshore.
Slumping Natural Gas Prices Lead Chevron to Slash Spend in Appalachia, Look for Kitimat LNG Alternatives
Stung by the continued slump in natural gas prices, Chevron Corp. plans to cut back spending in Appalachia and a long-delayed gas export project proposed for the west coast of Canada, the supermajor said.
A major natural gas discovery offshore Mauritania may be the largest deepwater discovery this year and holds the potential for an export project, according to Kosmos Energy Ltd.
Chevron Corp. has sanctioned a waterflood project in the St. Malo field of the deepwater Lower Tertiary using technology designed to increase recovery and maximize existing resources in the Gulf of Mexico.
Oil and natural gas producers in the latest federal offshore auction on Wednesday kept their bids narrowed and tailored to deepwater areas of the Gulf of Mexico (GOM) with existing infrastructure.
Williams has acquired and placed into service the 16-inch diameter Norphlet deepwater natural gas gathering pipeline system in the Gulf of Mexico (GOM), extending the reach of the Tulsa-based operator’s massive Transcontinental Gas Pipe Line (Transco) system.
The rapid improvement in efficiencies to produce deepwater oil and gas, which usually has taken years and millions of dollars, has put the expensive offshore within reach of tight/shale oil development costs, according to Wood Mackenzie.
Oil and gas output has ramped up at the Appomattox floating production system in the deepwater Gulf of Mexico (GOM) months ahead of schedule, operator Shell Offshore Inc. said Thursday.