Gulf of Mexico | Egypt Oil & Gas - Part 2
US Oil Output Falls 3.6% in August
US oil output fell 3.6% to 10.6 million barrels per day (mmbbl/d) in August as the offshore Gulf of Mexico production collapsed to a near seven-year low, according to the US Energy Information Administration’s (EIA) m... BHP Acquires Additional 28% in the Gulf of Mexico Shenzi
Australian oil and gas company, BHP, has signed a Membership Interest Purchase and Sale Agreement with Hess Corporation to acquire an additional 28% working interest in Shenzi, a six-lease development in the deepwater...
BOEM to Increase Oil, Gas Production in the Gulf of Mexico
The Bureau of Ocean Energy Management (BOEM) and Bureau of Safety and Environmental Enforcement (BSEE) has announced the advancement of new research into policy changes regarding increased oil and gas production from ...
Shell Looking to Cut Production Costs by up to 40%
Royal Dutch Shell is looking to slash up to 40% off the cost of oil and gas production in order to invest heavily in the energy transition, according to Reuters. This new cost-cutting initiative is known as “Project R...
Morrison Completes Pipeline Installation in the Gulf of Mexico
Morrison, an oil and gas service company, has successfully completed the installation of Byron Energy Limited’s South Marsh Island Blocks 58 & 59 oil and gas sales pipelines in the Gulf of Mexico, marking more tha... BOEM to Offer 78.8 MM Acres in Oil, Gas Lease Sale
The Bureau of Ocean Energy Management (BOEM) set to offer 78.8 million Acres in Lease Sale 256 scheduled for November, offering 14,755 unleased blocks that pertain to the Gulf of Mexico, according to a press release. ...
Pemex, Talos Instructed to Find Resolution Over Zama Discovery
Mexican state-run oil company Pemex and America’s Talos Energy Inc have been ordered by the energy ministry to find a resolution over how they will jointly develop the large Zama offshore oil discovery, according to R...
US Crude Production Falls by 0.2% in March
US Crude oil production fell by 0.2%, or 28,000 barrels of oil per day (bbl/d), to 12.7 million barrels per day (mmbbl/d), according to Reuters. This represents the lowest recorded level since October 2019 and the red...
