Gulf Of Mexico

Hess Corp. remains laser-focused on developing assets in the Bakken Shale of North Dakota and offshore Guyana, directing the lion’s share of its $1.9 billion exploration and production (E&P) capital and exploratory budget to the “high return, low cost” assets for 2021. The New York City-based producer in the first quarter is set to increase…

The long prospective Walker Ridge in the deepwater Gulf of Mexico (GOM) drew a bid of nearly $12 million on Wednesday in the final federal oil and gas auction of the year. The bid of $11,999,979 for Walker Ridge Block 365 was made jointly by Repsol E&P USA Inc. and Equinor Gulf of Mexico LLC,…

Consolidation in the U.S. exploration sector continued to gain steam Monday, with Contango Oil & Gas Co. announcing an all-stock merger with Mid-Con Energy Partners LP one day after a big tie-up in the Canadian oilpatch.  Houston-based Contango works the shallow waters of the Gulf of Mexico (GOM) and across the Lower 48, mostly in…

Natural gas and oil production is coming back online in the Gulf of Mexico post-Hurricane Laura, but overall output remained down by around 20%, the Bureau of Safety and Environmental Enforcement said Wednesday. Based on reports submitted by 32 operators as of 11:30 a.m. CT, about 19.65% of the natural gas, or 532.55 MMcf/d was…

Despite tension between Mexico’s government and non-state energy firms, Houston-based Talos Energy Inc. maintains a bright outlook for private sector exploration and production (E&P) in the country, management said last week. President Andrés Manuel López Obrador has upheld his pledge to honor the more than 100 E&P contracts awarded following the 2013-2014 market-opening energy reform,…

The U.S. natural gas rig count fell one unit to 75 for the week ending Friday (July 10), while more losses in the oil patch ensured that the combined domestic tally would extend a months-long slide, the latest numbers from Baker Hughes Co. (BKR) show. After the departure of four oil-directed rigs in the United…

Covington, LA-based LLOG Exploration Offshore LLC has pulled the trigger on the Taggart discovery in the Gulf of Mexico, which would be developed via a tieback to the Devil’s Tower deepwater spar. The Mississippi Canyon (MC) Block 816 discovery in 5,650 feet of water would be tied back to the spar in MC Block 773,…

A consortium led by Norway’s Equinor ASA has struck oil in the central U.S. Gulf of Mexico (GOM), the 67% state-owned supermajor said Monday.

A consortium led by Norway’s Equinor ASA has struck oil in the central U.S. Gulf of Mexico (GOM), the 67% state-owned supermajor said Monday.