Helix is making push into the growing P&A market in the US GOM w/ some recent deals to strengthen its offerings. Fieldwood's bankruptcy pushed $billions of liabilities to some top operators, who are eager to them off their books. bit.ly/3Rk90Pa $HLX #oil #offshore

EXCLUSIVE: Shell has taken FID on a 2-well subsea tieback development of its Rydberg find in the #deepwater GOM. The field will connect to the Appomattox hub as the next offshore Norphlet discovery to come on line, with first oil due late 2023. bit.ly/3cS3NyY $SHEL #oil

Plans to develop #CCS hubs in Louisiana could get complicated after leaders in Livingston Parish voted to impose a 1-year moratorium on CO2-injection wells. Immediate potential impacts for at least two proposed projects. bit.ly/3QFKJ4G ($) $OXY $APD

Good luck?

Talos confirmed today it is buying Enven for $1.1bn. Here's Energy Intelligence's deep dive on what it means for $TALO and some of the background for why it makes sense for both companies (pub'd last month after the deal leaked) bit.ly/3r0ejrf (free to read) #GOM #oil #offshore

What do you think the hydrogen market will look like in 2035? Local: Production and consumption in one hub Regional: Pipelines will move volumes between countries Global: Cargoes will move across oceans Non-existent: other solutions will win out Energy Intelligence Forum

Classy rebuke to Van Gough, noted oil baron.

Chevron is exiting the Shell-led Leopard #oil discovery in the US Gulf after backing out of the nearby Blacktip find last year. Lots of development $$$ likely needed for the 2 fields, and apparently $CVX sees better opportunities elsewhere. bit.ly/3FpHTPc (free) $SHEL

Happy 100th birthday Kurt Vonnegut… so it goes…

Shell continues to consolidate and de-risk its growing position in the #GOM Paleogene, specifically in the NW corner of Walker Ridge where PE-backed Beacon will soon own the only nearby production infrastructure. Blackstone formed Beacon in '16, just sayin bit.ly/3XIVCHH

Private equity giant Carlyle has made what is (maybe?) its first investment in #CCS, through portfolio company Crescent Midstream, which is joining Repsol and Cox to develop a CO2 storage hub in the shallow Gulf of Mexico. More $$$ to come? bit.ly/3jyOm1I (free) $CG

Chevron Eyes US Gulf Growth, Plans New Wildcat | The supermajor will drill a new Norphlet test near Ballymore and expects current projects to boost its deepwater Gulf output above 300,000 boe/d... #upstream #oilandgas #exploration #gulfofmexico #FreeToRead bit.ly/3jUQm4S

Chevron owns 60% of the Polyphemus prospect, targeting #Norphlet. Oxy owns the other 40%. $CVX $OXY #OOTT

EXCLUSIVE: Developers of #CCS in TX are testing the limits of what's allowable under the state's Class II permitting authority while Railroad Commission of Texas tries to address the needs of a nascent sector as it awaits a decision on its Class VI primacy bid with U.S. EPA. bit.ly/3Y8O3sP ($)

"A range of project developers, from e-fuels to geothermal, see DAC as a logical, even essential technology pairing. And on its own, renewable-powered DAC can deliver some of the highest-quality carbon offsets available." Energy Intelligence bit.ly/3ZPdRvR

Looks like Exxon picked up where it left off in the last #GOM lease sale and filled in the proverbial checkerboard in the shallows off TX. This is widely assumed to be #CCS acreage - some of the best in the world - tho the leasing mechanism in fed waters still unclear #OOTT #XOM

On Monday, $BP spudded the long-awaited Ephesus exploration well in the frontier Orphan Basin off Newfoundland. Once known as 'Cape Freels', the prospect could hold a billion bbl or more and is one of the most closely watched #deepwater wells of the year. energyintel.com/00000187-fd04-…

Shell has quietly dropped out of the Blacktip project in the US Gulf of Mexico as its new CEO takes a knife to projects globally with a laser focus on returns. Repsol & LLOG now have the baton at Blacktip. Are we looking at a Buckskin redux? #gom #OOTT ($) energyintel.com/00000188-3586-…

We are hiring in our Houston bureau! Details: shorturl.at/aeIW0

Broke this late on Friday so I’m reupping now. The US government is planning to buy carbon removal, creating an Operation Warp Speed-like program for a key climate technology. The Energy Department program will have a budget in the tens of millions. heatmap.news/economy/carbon…