U.S. crude oil production is on track to reach a record average of 13.8 MMbpd in 2026, driven by continued Permian basin growth and rising output from new projects in the federal Gulf of America, according to the U.S. Energy Information Administration‘s latest Short-Term Energy Outlook (STEO). The forecast would surpass the previous annual record of 13.7 […]
Shell will acquire stakes in two bp-operated exploration opportunities offshore Brazil and in the Gulf of America, expanding collaboration between the majors ahead of planned exploration drilling. Under the agreements, Shell will acquire a 50% interest in the Tupinambá exploration block in Brazil’s offshore Santos basin and a 30% interest in five leases containing the Conifer exploration prospect in the deepwater […]
Entering peak hurricane season, offshore operators face the possibility of severe weather disrupting operations. In September 2024, unplanned storm-related outages disrupted 16% of total crude oil production in the federal Gulf of America/Mexico. While operators can’t control the path or severity of a storm, they can gain a clearer understanding of critical equipment health before it arrives, […]
Kosmos Energy (NYSE/LSE: KOS) (“Kosmos” or the “Company”) is pleased to provide the following update on activities across its portfolio:
Global energy technology company SLB (NYSE: SLB) today announced that its OneSubsea™ joint venture has been awarded a contract by bp to provide a subsea boosting system for the Thunder Horse project, a development in the deepwater portion of Gulf of America.
The US Bureau of Ocean Energy Management has announced plans for its third offshore oil and gas lease sale in the Gulf of America under the One Big Beautiful Bill Act, scheduled for August 12, 2026, Reuters reported on Wednesday. The proposed BBG3 lease sale will offer around 15,066 blocks covering 80.4 million acres (more […]
“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”.