Tuesday, June 30, 2026

Shell Announces 125 MMBOE Discovery in the Deep Water Gulf of Mexico

Shell’s Fort Sumter discover in the Gulf of Mexico will help the company reach 900 MBOEPD of offshore production by the end of the decade Royal Dutch Shell (ticker: RDSA) announced the discovery in the Mississippi Canyon Block 566, 73 miles offshore, southeast of New Orleans in the Gulf of Mexico. The discovery, called Fort Sumter, has initial estimated recoverable

Staying Afloat Down Under?

Mega-Gas Developments, Plethora of LNG Projects Pressure LNG Spot Prices  From Marine Link In recent years, Australia has been a major growth area for offshore gas production and a key driver of offshore CAPEX, says Clarksons Research. However, the prospects for Australian gas projects that have yet to be sanctioned are looking increasingly uncertain due to weaker LNG prices and