Oil and Gas Industry

April 2023 OPEC+ Tranche ‘Next in Focus’, Analysts Say

Oil & Gas‚ Oil and Gas Industry | intent | August 7, 2025 | Comment off

The total U.S. rig count dropped by two week on week and now stands at 540, according to Baker Hughes’ latest North America rotary rig count, which was released on August 1. Of the total U.S. rig count of 540, 525 rigs are categorized as land rigs, 13 are categorized as offshore rigs, and two are categorized as inland water rigs, the count revealed. The total U.S. rig count is made up of 410 oil rigs, 124 gas rigs, and six miscellaneous rigs, according to Baker Hughes’ count, which highlighted that the U.S. total comprises 471 horizontal rigs, 54 directional rigs, and 15 vertical rigs.

BP Starts Up Argos Extension Project in Gulf of America

Oil & Gas‚ Oil and Gas Industry | intent | August 7, 2025 | Comment off

“The Argos expansion underpins our commitment to investing in America, growing our US offshore energy production safely and efficiently,” Andy Krieger, BP’s senior vice president for the Gulf of America and Canada, said. “This project also kicks off a period of significant growth for BP in the Gulf of America, which will continue to play a critical role in delivering secure and reliable energy the world needs today and tomorrow”.

Santos Advances Pikka Oil Project in Alaska with Module Delivery

Oil & Gas‚ Oil and Gas Industry | intent | August 7, 2025 | Comment off

The Nanushuk play in the Pikka Unit represents one of the largest conventional oil discoveries made in the USA in the last 30 years, and the Pikka Phase 1 project is the most significant development on Alaska’s North Slope in more than 20 years, according to the company. Pikka has low emissions intensity, placing it in the top quartile of oil and gas development projects globally for greenhouse gas emissions performance, the company said.

Energy Transfer to Build $5.3B TX to AZ Natural Gas Pipeline

Oil & Gas‚ Oil and Gas Industry | intent | August 7, 2025 | Comment off

The conduit is set to be the costliest since the $7.85 billion Mountain Valley Pipeline announced in 2014, said Oren Pilant, an analyst at East Daley Analytics. Energy Transfer is evaluating more than doubling the capacity of the project amid stronger-than-expected interest from prospective clients, Co-Chief Executive Officer Tom Long said during a conference call late Wednesday.