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Regional Report: Gulf of Mexico: Slings and arrows

Skyrocketing oil prices caused by Russia’s war on Ukraine and Biden’s war on hydrocarbons present the Gulf of Mexico E&P industry with a conflicting brew of circumstances.

BHP announces operational review for the year ended 30 June 2021

BHP announces operational review for the year ended 30 June 2021 20 Jul 2021 BHP gave the following update on its petroleum activities. Total petroleum production decreased by six per cent to 103 MMboe, with volumes slightly above the top end of our guidance range. Production is expected to be between 99 and 106 MMboe in the 2022 financial year, reflecting a full year of the additional 28 per cent working interest acquired in Shenzi, increased production at Shenzi from infill wells and increased volumes from Ruby following first production in May 2021, offset by natural field decline across the portfolio. Crude oil, condensate and natural gas liquids production decreased by six per cent to 46 MMboe due to natural field decline across the portfolio, a highly active hurricane season in the Gulf of Mexico in the first half of the year and downtime at Atlantis, with tie-in activity in the first half of the year and unplanned downtime in the March 2021 quarter. These impacts were p

EnVen Energy Corporation Announces Acquisition of Neptune and Provides Operational Update at Lobster Field

EnVen Energy Corporation Announces Acquisition of Neptune and Provides Operational Update at Lobster Field News provided by Share this article Share this article HOUSTON, May 24, 2021 /PRNewswire/ EnVen Energy Corporation announced today that it closed a transaction to acquire 35% ownership interest in the Neptune field from BHP Billiton Petroleum (Deepwater) Inc. ( BHP ) through its affiliate, EnVen Energy Ventures, LLC ( EnVen ). EnVen will increase its ownership interest in the Neptune field from 30% to 65% and assume the role of operator after regulatory approvals. With a strategic deepwater infrastructure portfolio and an expansive inventory of quality subsea tieback projects, EnVen is committed to the deepwater Gulf of Mexico. This acquisition aligns with EnVen s strategy to own and operate infrastructure with steady production and nearby exploration prospects. The Company possesses a material leasehold position comprised of 85 leases with 44 primary term leases and 41 l

GoM: BHP divests ownership interest in Neptune

GoM: BHP divests ownership interest in Neptune 24 May 2021 EnVen Energy Ventures to transfer its 35 per cent ownership interest and operatorship of the Neptune field in the deepwater Gulf of Mexico. Neptune is structured as a joint venture and is operated by BHP (35 per cent) with co-owners EnVen Energy Ventures (30 per cent), W&T Energy VI (20 per cent) and 31 Offshore (15 per cent). BHP President Petroleum Operations, Geraldine Slattery said: As a reputable operator with deepwater experience in the Gulf of Mexico, EnVen is ideally-placed to take operatorship of Neptune and we’re committed to a safe and smooth transition of operations.

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