Mexico awards 19 blocks in record Deepwater Round 2.4

Mexico’s National Hydrocarbons Commission reported the award of 19 blocks of the 29 on offer in the Perdido, Campeche, and Mexican Ridges areas in the Mexican Gulf of Mexico. Round 2, Phase 4 (Round 2.4) was held Jan. 31 in Mexico City. Source: News

Targa announces executive leadership promotions

As part of its ongoing executive succession process, Targa Resources Corp. has made several appointments to its executive leadership team, all effective Mar. 1.  Source: News

EnQuest to decommission Thistle, Deveron

EnQuest PLC will manage physical decommissioning of Thistle and Deveron oil fields in the UK North Sea using as much as $50 million from BP, which holds 1% interests in the fields.  Source: News

Vladimir Filanovsky Phase 2 well starts

The first well in second-phase development of Vladimir Filanovsky oil field in the Caspian Sea has started production at an initial rate of 2,400 tonnes/day of oil. Source: News

Lilis Energy to drill wells on newly acquired Delaware basin acreage

Lilis Energy Inc., San Antonio, plans to drill and complete four wells in 2018 on Delaware basin acreage to be acquired from OneEnergy Partners Operating LLC (OEP) in a cash-and-stock transaction valued at $70 million. Source: News

ConocoPhillips reports full-year, 4Q earnings gains

ConocoPhillips recorded fourth-quarter 2017 earnings of $1.6 billion, up from third-quarter 2017 earnings of $400 million and up from the fourth-quarter 2016 net loss of $35 million. Full-year earnings were a net loss of $0.9 billion compared with a full-year 2016 net loss of $3.6 billion. Source: News