Hurricane Helene update: Gulf of Mexico's oil and gas operations recover
GlobalData: Gulf of Mexico's oil and gas operations recover as Hurricane Helene moves north.
Browse the latest drilling & production news and articles.
GlobalData: Gulf of Mexico's oil and gas operations recover as Hurricane Helene moves north.
MHI Compressor International Corporation successfully delivers CO2 product compressor package for ExxonMobil’s carbon capture project in Wyoming.
Brazilian oil company Prio has agreed to acquire a 40% interest in the Peregrino and Pitangola Fields, jointly known as Peregrino, in the Campos Basin, offshore Brazil, for US$1.92 billion (10.43 billion reais).
The acquired assets are expected to sustain a production level of around 100 000 boe/d by 2025, says GlobalData.
Agreement will accelerate the initial scope of 144 unconventional wells for delivery by 4Q25 with potential for significant number of additional wells in the second phase.
A global exploration company’s decision to cease its search for new gas supply in Victoria’s Otway Basin is a major blow to the state’s energy security and will compound looming gas shortfalls in eastern Australia, according to Australian Energy Producers.
Brazilian oil giant Petrobras is set to reopen a closed oil well in its large offshore Roncador field in a bid to quickly obtain natural gas, reports Reuters.
The company also plans to invest around US$2.5 billion/y to enhance oil production by 50 000 bpd over the next few years.
In June, Russia promised to meet its OPEC+ oil production targets after pumping too much oil in May.
As of 8:00 a.m. eastern time on 26 September, Hurricane Helene was expected to make landfall as a Category 3 hurricane on the eastern part of the Florida Panhandle late Thursday 26 September with sustained winds of 115 mph, creating the potential for significant disruptions to energy infrastructure.
It was reported earlier this week that several US oil companies were working to evacuate their staff from oil production platforms.
The company emerged victorious over competing bids from industry giants bp and EOG Resources.