Energy XXI Forms Partnership To Sell Noncore GoM Assets

The proposed sale will clear about $320 million P&A obligations and also give the Houston-based E&P much needed capital.

OTC, Guyana oil and gas, Suriname oil and gas, ExxonMobil

The promise of big discoveries offshore South America set to continue for years to come.

Cobalt’s US Gulf Of Mexico Bankruptcy Auction Pulls In $578 Million

The largest winning bid was a $339 million joint offer by Statoil and Total for Cobalt’s 60% operated interest in the North Platte discovery.

Brazil oil and gas, Brazil oil auction, Campos Basin oil, ExxonMobil, Petrobras, Statoil

The 15th bidding round on March 29 raised more than 8 billion reais (US$2.42 billion) in signature bonuses.

The Brazilian major intends to drill an average of 29 exploratory wells annually by 2020, nearly double the average number of wells drilled in 2016 and 2017.