Photo: Omar Marques/SOPA Images/LightRocket via Getty Images

BP is spending $1.3 billion to expand development of its big Atlantis field in the Gulf of Mexico — and technology is unlocking more resources there, the oil giant said.

Where it stands: BP touted the company's breakthroughs in seismic imaging and reservoir characterization, noting they revealed another 400 million barrels of oil. More broadly, the company said Tuesday that the same tech has identified another 1 billion barrels at a separate Gulf field called Thunder Horse.

Why it matters: Energy tech is often discussed in terms of next-wave sources — advances in solar, batteries and so forth.

  • But BP's discoveries show how tech is helping the industry find far more oil-and-gas in a more cost-effective way — even as BP and other majors expand their low-carbon portfolios.
  • That helps the industry, but also has implications for the pace of the global transition to lower-carbon sources.

The big picture: The Financial Times yesterday posted a cool video explainer on advances digital technologies for onshore and offshore development. Their summary notes...

"Technological advances and innovations in data management could save the oil and gas industry $75 [billion] a year by 2023.Along with cost savings, increased production made possible by new methods will push down oil prices, and help the industry fight back against advances in renewable energy, battery storage and electric vehicles."

Back to BP for a moment, the company yesterday announced a series of Gulf-related production plans, resource estimates and new discoveries.

  • Overall, the company said it plans to boost oil production in the Gulf to around 400,000 bpd of oil-equivalent through the mid-2020s, up from over 300,000 today.

Go deeper: Reuters discusses BP's tech use in the Gulf of Mexico

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Biden to Senate GOP after RBG passing: "Please follow your conscience"

Joe Biden made a direct appeal to Senate Republicans in a speech addressing the passing of Supreme Court Justice Ruth Bader Ginsburg, urging them to "cool the flames that have been engulfing our country" by waiting to confirm her replacement until after the election.

The state of play: Senate Majority Leader Mitch McConnell said soon after the news of Ginsburg's death that President Trump's nominee would get a vote on the Senate floor.

Leaked Treasury documents reveal massive money laundering in global banking system

Photo: Eduardo Parra/Europa Press via Getty Images

Thousands of leaked government documents covering at least $2 trillion worth of transactions reveal how some of the world's biggest banks knowingly moved around the money of oligarchs, terrorists and criminals, with few consequences, according to a massive investigation by BuzzFeed News, the International Consortium of Investigative Journalists (ICIJ) and hundreds of other news organizations.

The big picture: The investigation, published on Sunday, examines more than 2,100 suspicious activity reports (SARs) filed by banks and other financial firms with the U.S. Department of Treasury’s Financial Crimes Enforcement Network, known as FinCEN.

Updated 1 hour ago - World

Scoop: Decisive meeting could lead to Israeli-Sudanese normalization

Lt. Gen. Abdel Fattah al-Burhan, Sudan's head of the Sovereign Council, meets with Bahraini aid officials in Khartoum, Sept. 15. Photo: Mazen Mahdi/AFP via Getty Images

U.S., Emirati and Sudanese officials will hold a decisive meeting in Abu Dhabi on Monday on a possible normalization agreement between Sudan and Israel, Sudanese sources told me.

Why it matters: If the U.S. and the United Arab Emirates accommodate Sudan’s requests for economic aid, an announcement on a normalization agreement with Israel similar to the ones struck with the UAE and Bahrain could be made within days, sources briefed on the process tell me.