Management
The Essington-1 well is the first discovery in the Otway since 2021.
The ruling means the state will take over permitting and enforcement of EPA regulations pertaining to all classes of wells, including injection wells for carbon dioxide storage.
Proposed and final notices of sale represent nearly 80 million acres in the Gulf of Mexico and approximately 1 million acres in Alaska’s Cook Inlet.
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Under the agreement, the Oklahoma City independent will monetize half of its working interest in 133 undrilled locations in the form of a $100-million drilling carry during the next 4 years. -
DeepOcean has agreed to a contract with Equinor to provide subsea inspection, maintenance, and repair (IMR) services offshore Norway. The contract, which will last up to 9 months, includes use of the Normand Ocean vessel for offshore work. The work primarily involves subsea ROV operations covering IMR activities for Equinor’s assets on the Norwegian Continental Shelf,…
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The Quesqui field is expected to be the biggest onshore find in Mexico since 1987.
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The group will shed an additional 500,000 B/D of oil production through March 2020, bringing the total curtailment to 1.7 million B/D.
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Calgary-based Colombia producers Canacol Energy and Parex Resources led all firms by gaining three blocks each, with one more counteroffer from Parex pending review.
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The American Petroleum Institute has published a significantly updated version of a key safety standard aimed at enhancing the oil and natural gas industry’s commitment to worker safety, incident prevention, and environmental protection in offshore operations.
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OneSubsea has agreed to a contract with Nexans for the design and supply of two 75-mi power umbilicals for a subsea multiphase compression system at Shell’s Ormen Lange gas field in the Norwegian North Sea.
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Byron Energy has entered an agreement to fund the construction of SM58 (South Marsh Island 58), its production platform in the US Gulf of Mexico. The Australian company said it had signed a binding secured promissory note with Crimson Midstream to borrow an initial amount of $15 million. The money will be used primarily for the ongoing construction of the production p…
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One of the biggest discoveries in the past decade, Sangomar, moves closer to sanction as operator Woodside and its joint venture partners submit the plan for the field's development. First oil from Senegal's first offshore development is scheduled for 2023.
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The Australian company upped its forecast of initial oil production out of the field from 50,000 B/D to somewhere between 75,000 and 100,000 B/D. It expects to spend between $1.9 billion and $2.2 billion on the field's development.
