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Drilling & Exploration
Drilling & Exploration News
BP announces oil discovery in Gulf of Mexico
BP has announced an oil discovery at the Puma West prospect in the deepwater U.S. Gulf of Mexico. Read more
Apr 15, 2021
Gulf of Mexico crude oil production will increase with new projects in 2021 and 2022
By the end of 2022, 13 new projects could account for about 12% of total GOM crude oil production, or about 200,000 barrels per day (b/d). Read more
Apr 14, 2021
Oil prices move higher as fears of COVID-19 continue
The International Energy Agency (IEA) predicted global oil demand and supply were set to rebalance in the second half of the year and that producers may then need to pump an additional 2 million barrels per day (bpd) to meet the expected demand. Read more
Apr 14, 2021
