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Drilling & production

 
 
 
 
 
 

bp awarded NCMA 2 exploration block

bp has announced that it has been awarded the NCMA 2 block offshore Trinidad as part of the Shallow Water 2023/24 bid round that closed in May 2024.

 
 
 
 
 
 

EIA: Northwest US and western Canadian natural gas prices trade at historic lows in 2024

The EIA has reported that monthly average natural gas spot prices at northwestern US and western Canada border pricing hubs reached historic lows in 2024 through October, according to data from Natural Gas Intelligence. Robust natural gas production in western Canada, where output has generally increased over the last two years, and high natural gas inventories in the region contributed to the low prices.