HOUSTON, Jan. 22, 2024 (GLOBE NEWSWIRE) -- W&T Offshore, Inc. (NYSE: WTI) (the “Company” or “W&T”) today announced that the Company has completed the accretive acquisition of six fields in ...

BP reached a deal to sell some of its Gulf of Mexico offshore oil fields to Plains Exploration & Production for $5.55 billion, as BP continues to divest itself of assets to pay for the 2010 oil ...

A lot has happened since the Gulf of Mexico hit peak oil production in 2009. Around that time oil prices had plunged as the world hit the deepest financial crisis since the Great Depression.

Gulf of Mexico Oil Drilling Makes Too-Little, Too-Late Comeback Just in time for $100 oil, a new wave of offshore platforms is coming online — but not enough to close the supply gap Facebook ...

Efforts are starting to develop the Polok and Chinwol oil fields in the Gulf of Mexico, located 88 km from Mexico's coast. Houston-based contractor McDermott International Ltd. has been awarded a ...

The Miocene-aged field was discovered over three years ago in the Green Canyon area of the Gulf of Mexico. Drilling encountered about 26 meters (85.3 feet) of net oil pay, Kosmos said at the time.

ExxonMobil (XOM) Divests Stake in Gulf of Mexico Fields March 01, 2024 — 11:44 am EST Written by Zacks Equity Research for Zacks -> ...

Offshore natural gas production in the U.S. waters of the gulf has steadily been declining since 2001. However, new field starts are expected to slow or reverse that long-term trend.

W&T Offshore Inc., Houston, started production on Jan. 17 from the Ship Shoal 349 A-18 well at Mahogany field in the Gulf of Mexico. The well is ramping up to full rates and thus far has achieved ...

Shell Offshore Inc., a subsidiary of Shell plc, has commenced production at the Dover field in the Gulf of Mexico, a key milestone that reinforces the company’s leadership in deepwater oil and ...

Gulf shrimpers brace for offshore wind. By Heather Richards | 08/25/2022 06:53 AM EDT . Shrimpers on the Gulf of Mexico have long had to compromise with the dominant oil and gas industry that ...