Deepwater

W&T Adds to Deepwater GOM Portfolio with $31.1M Cobalt Purchase

W&T Adds to Deepwater GOM Portfolio with $31.1M Cobalt Purchase

Houston-based W&T Offshore Inc. has added to its Gulf of Mexico (GOM) portfolio after claiming stakes in three blocks producing for the deepwater Heidelberg development operated by Anadarko Petroleum Corp.

March 12, 2018
Mexico Cancels Second Pemex Deepwater Farmout

Mexico Cancels Second Pemex Deepwater Farmout

The Mexican upstream regulator has called off what would have been thesecond deepwater farmout by Petroleos Mexicanos (Pemex) because of a lack of interest, while also authorizing the state-owned producer to carry out additional exploration work on the project.

December 11, 2017
Mexico Sets Bidder Royalty Caps for January’s Round 2.4 Deepwater Auctions

Mexico Sets Bidder Royalty Caps for January’s Round 2.4 Deepwater Auctions

The Mexican government has set the final fiscal terms for next year’s auctions of deepwater oil and natural gas assets in the Gulf of Mexico (GOM).

December 4, 2017
U.S. Offshore Dealmaking ‘Virtually Stalled,’ Says IHS Markit

U.S. Offshore Dealmaking ‘Virtually Stalled,’ Says IHS Markit

As operators use their capital for faster-to-market onshore prospecting, offshore exploration has declined and with it dealmaking, according to IHS Markit.

October 25, 2017

BP Midstream IPO Looking to Generate $800M-Plus

BP plc has launched an initial public offering for its Houston-based pipeline spinoff BP Midstream Partners LP.

October 16, 2017
Mexico’s Oil, NatGas Auction Round 3.1 Features 35 Shallow Water Blocks

Mexico’s Oil, NatGas Auction Round 3.1 Features 35 Shallow Water Blocks

Mexico’s upstream hydrocarbons regulator on Thursday authorized a new auction for shallow water natural gas and oil exploration and production (E&P) leases, while also dropping a block from its ongoing deepwater round.

October 2, 2017

Chevron, Total Team on Seven Prospects in Deepwater GOM

Big Oil companies Chevron Corp. and Total SA have agreed to partner to explore seven prospects covering 16 blocks in U.S. deepwater of the Gulf of Mexico (GOM).

September 25, 2017
U.S. Onshore Rig Counts Stable, But GOM Drops Seven

U.S. Onshore Rig Counts Stable, But GOM Drops Seven

Driven by declines in the offshore Gulf of Mexico (GOM), the United States dropped four rigs during the week ended Aug. 4, according to data released by Baker Hughes Inc. (BHI).

August 4, 2017
Mexico’s Delayed 2.4 Deepwater Oil, Gas Auction ‘Very Positive Sign’

Mexico’s Delayed 2.4 Deepwater Oil, Gas Auction ‘Very Positive Sign’

Mexico plans to offer 30 blocks for deepwater exploration in the fourth auction of the Round 2 series in what one analyst said was “an all-out effort” by the nation’s energy authorities to follow up on recent upstream auction successes as part of the 2013 energy reform.

July 24, 2017

Upstream Global FIDs Tracking Double Time from 2016, Says Wood Mackenzie

Final investment decisions (FID) within the global upstream sector are on pace to double from 2016, marking a positive turning point for the long-depressed oil and natural gas markets.

July 21, 2017
1 3 4 5 6 7 23