Exploration & Production (E&P) Archives

Murphy awards Subsea7 contract for String Music subsea tieback

June 3, 2026

(World Oil) — Subsea7 has been awarded a contract by Murphy Exploration & Production Company, a subsidiary of Murphy Oil, to support development of the String Music project in the Gulf of America/Gulf of Mexico. The scope of work includes engineering, procurement, construction and offshore installation of a production flowline and associated subsea infrastructure that will tie the development back to the

360 Energy Pulse: What mattered in energy this month- oil and gas 360

360 Energy Pulse: What mattered this month in energy

May 31, 2026

(By Oil & Gas 360) – May may ultimately be remembered as the month energy markets stopped treating geopolitical disruption as temporary and started pricing it as structural. What began as rising tension around the Strait of Hormuz evolved into something broader: tighter inventories, shifting trade flows, renewed LNG urgency, and growing concern that the global energy system has far

May rewired global energy markets

May 31, 2026

(By Oil & Gas 360) – May was supposed to be about stabilization. Instead, it became another month dominated by geopolitical disruption, volatile oil prices, shifting LNG flows, accelerating energy consolidation, and rising concerns about the long-term reliability of global supply. At the center of nearly everything remained the Iran conflict and the continued disruption surrounding the Strait of Hormuz, one of

360 Energy Pulse: What mattered this week in energy

May 29, 2026

(By Oil & Gas 360) – May 22, 2026– Energy markets spent the week caught between diplomacy and distrust. Headlines pointing toward a possible U.S.–Iran agreement pressured prices lower, but underneath the surface, inventories continue tightening, LNG concerns are growing, and confidence in global shipping routes remains fragile. Markets may be hoping for resolution, but they’re still pricing risk. THIS

Record-low U.S. shale well backlog curbs fast output gains amid export surge

May 29, 2026

(BOE Report)- U.S. shale producers have the lowest stock of drilled-but-uncompleted wells on record, limiting their ability to move quickly to boost crude output and replace rapidly depleted oil inventories after exports and refinery processing jumped to plug the shortfall in supply caused by the U.S.-Israeli war on Iran. Producers in the United States have increased exports to Asia and

Calling all Wildcatters: The structure of American oil power: Rock, policy, and the future of conventional supply

May 28, 2026

(Oil & Gas 360) By Greg Barnett, MBA – The difference between Saudi Arabia, Iran, and the United States ultimately resolves into a simple question: how much oil is there, how much can be produced, and how certain is that production? The only way to answer that question rigorously is with numbers. The United States still possesses a vast hydrocarbon

Sand and the new oil boom

May 20, 2026

(By Oil & Gas 360) – Sand rarely gets the attention. It doesn’t move markets the way crude prices do. It doesn’t dominate headlines like LNG exports, OPEC decisions, or geopolitical conflict. Yet without it, much of the modern shale industry simply doesn’t work. That reality is becoming more obvious again as U.S. drilling activity stabilizes, longer laterals continue

bp adds three Indonesia exploration blocks tied to Tangguh LNG

May 20, 2026

(World Oil) — bp has signed three production sharing contracts (PSCs) in Indonesia, expanding its upstream exploration portfolio near the company’s existing Tangguh LNG operations in Papua Barat and adding participation in a new East Java block. The agreements cover the Bintuni and Drawa exploration blocks near the bp-operated Tangguh LNG project, as well as the INPEX-operated Barong block in East

AI, oilfields, and the new water crisis

May 19, 2026

(By Oil & Gas 360) – For decades, the oil and gas industry has been shaped by access to hydrocarbons. Increasingly, it is being shaped by something else, water. What was once treated as an operational input is becoming a strategic constraint across the energy system. And now, the rapid expansion of AI infrastructure and hyperscale data centers is accelerating

OAG360 Past Prologue Series: We have met the enemy

May 19, 2026

(Oil & Gas 360) By Greg Barnett, MBA – (Part 6 of 6)- Energy debates often assume an external villain. Geology failed. Policy interfered. OPEC conspired. Capital fled. Technology disappointed. Pick a narrative and assign blame. Most of them are convenient. A few of them are complete. The uncomfortable truth is simpler. The system we have today is the one we

Phillips 66 deepens Permian-to-Gulf integration with Zeus and Coastal Bend expansion

May 18, 2026

(Oil & Gas 360) – Phillips 66’s May 18, 2026, announcement of the Zeus Gas Plant and a third Coastal Bend Fractionator represents a continuation, not a departure, of the company’s multi-year push to vertically integrate its midstream footprint from Permian wellhead to Gulf Coast markets. The release is strategically consistent with prior capital allocation signals, recent operating results, and

ConocoPhillips signs gas supply agreement for Alaska LNG project

May 18, 2026

(World Oil) – Glenfarne Group and ConocoPhillips Alaska have signed a gas sales precedent agreement supporting Phase One development of the Alaska LNG project, adding another long-term North Slope supply commitment to the proposed pipeline system. Under the 30-year agreement, ConocoPhillips will supply North Slope natural gas volumes for the first phase of the Alaska LNG project, which includes construction of a 739-mile, 42-in.

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