Production from Al-Khafji field will be less than 50% of the field’s initial production capacity.

Gulf of Mexico, lease sale, 251, Mike Celata, Bureau of Ocean Energy Management, Exxon Mobil, Hess, Chevron, Shell, Wood Mackenzie, William Turner, National Ocean Industries Association, bids, lease, Randall Luthi

Preliminary sale statistics show 29 companies placed 171 bids on 144 blocks in the U.S. GoM.

Gulf of Mexico, lease sale, Wood Mackenzie, Kosmos Energy, Gulf of Mexico oil production, Bureau of Ocean Energy Management, Kosmos Energy, Andy Inglis, William Turner, Mfon Usoro, National Ocean Industries Association, Tim Charters

As the next U.S. Gulf of Mexico lease sale nears, analysts believe there could be a slight increase in bidding activity.

Kosmos Energy, Pontoenoe, Andy Inglis, Andrew Inglis, Tullow, John Christmann, Guyana oil and gas, Suriname, Exxon Mobil, Apache

The Guyana-Suriname Basin has an estimated resource potential of more than 13 billion barrels of oil, according to the U.S. Geological Survey.

Kosmos To Enter US GoM With Deep Gulf Energy Acquisition

Kosmos CEO Andrew Inglis said he believes a huge opportunity has opened in the U.S. Gulf of Mexico as many competitors leave the region for onshore shale.

EOG, EOG Resources, Powder River Basin, Mowry, Niobrara, shale, play, oil and gas, production, drilling, locations, premium, Bill Thomas, David Trice, second quarter, earnings, oil production

The company says the Mowry and Niobrara shale plays have increased its estimated resource potential in the basin to more than 2 billion barrels of oil equivalent.

A Barnett Shale case study demonstrated the value of estimating dynamic Biot’s coefficient from well logs using rock physics.

Check out the latest activity highlights from around the world.

Leverage software to reduce risk, improve safety and add value.

Wood Mackenzie, wildcat wells, oil and gas, wells to watch, oil exploration, discoveries, Andrew Latham, Eni, Total, Hess Corp., Nexen, Equinor, Shell

Drilling successes in first-half 2018 continue to prove new plays, and there’s more to play for in the second half as explorers break more new ground.


KAPSARC study finds the cartel has the ability (at least in theory) to stabilize the price of oil.

Tullow Oil, exploration drilling, oil and gas drilling, oil and gas exploration, Namibia, Guyana, Suriname

The company has identified prospects offshore Guyana, Suriname, Namibia and Mauritania among others.