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Here’s a roundup of the latest E&P headlines including field upgrade plans being approved and a development milestone for a Senegalese field from the past week in the upstream oil and gas industry.
Conventional wisdom holds that offshore oil and gas production harms the surrounding environment. This blanket "wisdom" ignores the fact that the largest source of marine hydrocarbon pollution is offshore natural oil seepage. It also ignores the fact that offshore oil production has lowered the amount of oil released into the ocean by reducing natural oil seepage, especially in areas with active offshore oil seeps, such as California's Santa Barbara coast.
OXY earnings call for the period ending September 30, 2022.
After the landmark prices received for eight offshore wind leases in the New York Bight, and with great anticipation for the upcoming December 5, 2022, lease auction for the Humboldt...
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