U.S. Offshore ///

Hilcorp, BP comment on BOEM's environmental impact statement for Alaskan project

The Bureau of Ocean and Energy Management (BOEM) has released the draft Environmental Impact Statement regarding the Liberty Project for public comment. It is an important step in developing a project which will strengthen Alaska’s energy future, according to the partners on the project.

BOEM publishes draft EIS for Hilcorp oil, gas project in Beaufort Sea

The Bureau of Ocean Energy Management (BOEM) today announced a draft Environmental Impact Statement (EIS) analyzing the possible environmental impacts of the activities proposed in an offshore oil and gas development and production plan (DPP) submitted to BOEM by Hilcorp Alaska LLC. on Sept. 18, 2015.

GOM lease sale yields $121 million in high bids on 508,096 acres

U.S. Secretary of the Interior Ryan Zinke has announced that the region-wide Gulf of Mexico lease sale generated $121,143,055 in high bids for 90 tracts covering 508,096 acres in federal waters of the Gulf of Mexico. A total of 27 companies participated in the sale, submitting 99 bids totaling $137,006,181.

U.S. oil output climbs to two-year high

Oil held losses near the lowest close in more than three weeks as investors weighed expanding U.S. crude output against an extended decline in stockpiles during a period of strong seasonal demand.

Wood Mackenzie reports results of GOM lease sale

The U.S. Gulf of Mexico region wide Lease Sale 249 was held today, Aug. 16, 2017. It attracted 99 bids from 27 participating companies, with high bids totaling $121 million.

Oil halts slide near $48 on signs U.S. stockpiles extended drop

Oil halted its slide near $48/bbl as industry data showed U.S. crude stockpiles declined again, further trimming an inventory surplus.

Abrado Wellbore Services completes first Gulf of Mexico run with new marine riser scraper tool

Abrado announced today that it has completed its first run with the new Maximo marine riser scraper tool for a major operator in the Gulf of Mexico.

M2 Subsea secures vessel alliance in Gulf of Mexico

M2 Subsea, the global independent provider of ROV services, has formed an alliance with vessel operator, Harvey Gulf Marine International, to provide subsea ROV services in the Gulf of Mexico.

U.S. operators are teed up for a drilling resurgence

Alex Endress, Craig Fleming, Kurt Abraham, World Oil

Drilling activity is noticeably higher, as American drillers climb out from historically low levels.

Crowley supports Stampede platform tow-out and installation in the U.S. Gulf

Crowley Maritime Corp.’s ocean class tugboats and 455-series, high-deck strength barges recently played an integral role in the safe, successful tow-out and installation of Hess’ Stampede tension-leg platform (TLP) in the deep waters of the U.S. Gulf of Mexico.

API welcomes Senate support for U.S. offshore energy development

API welcomed a letter sent by 36 U.S. Senators to Interior Secretary Zinke in support of the safe and environmentally responsible development of U.S. offshore energy resources, as the administration begins developing a new five-year offshore oil and natural gas leasing program.

Trump administration reduces royalty rates in first U.S. lease sale

The Trump administration on Thursday announced its first offshore oil and gas lease sale, offering 76 million acres (30 million hectares) in the Gulf of Mexico and reduced royalty rates for shallow-water leases to encourage drilling at a time of low oil prices.

BOEM approves Eni Beaufort Sea exploration plan

After a comprehensive review and consideration of comments received from the public, stakeholders, and Federal and state partner agencies and tribes, the Bureau of Ocean Energy Management today conditionally approved a Beaufort Sea exploration plan (EP) it received from Eni U.S. Operating Co. Inc.

Trendsetter Engineering completes live well operations with 15,000-psi subsea hydraulic intervention system

Trendsetter Engineering has successfully completed live well operations with the new 15,000-psi subsea hydraulic intervention system (STIM). The STIM system, which had previously been utilized for subsea hydrate remediation work, has now completed seven subsea projects in the GOM since November 2016, in water depths ranging from 2,500 ft to 7,200 ft.

Abrado operates P&A barrier placement in Gulf of Mexico

Abrado announced today that it has completed the fourth well in a multi-well campaign using the “Investigate, Operate and Validate” system, by performing downhole video pre and post-window inspection as well as multi-string section milling with its proprietary Medusa cutting technology.

Shell purchases Turritella FPSO from SBM Offshore

Shell Offshore, Inc. announces today that its affiliate, Shell E and P Offshore Services B.V., will exercise a contractual right to purchase the Turritella floating, production, storage and offloading (FPSO) vessel from SBM Offshore.

Lower shallow water royalty rate announced for upcoming Gulf of Mexico lease sale

National Ocean Industries Association (NOIA) President Randall Luthi issued a statement applauding BOEM’s decision to lower the shallow water royalty rate for Gulf of Mexico Lease Sale 249.

BSEE says offshore oil and gas production contributes to America’s energy future

Oil production from submerged federal lands, the U.S. Outer Continental Shelf, accounted for 72% of all oil production from federal lands in 2016. The Bureau of Safety and Environmental Enforcement pointed to the critical role that the offshore oil and gas industry plays in meeting our country’s energy needs as it marked the start of “Energy Week.”

BP doubles down on deep water, despite surging shale

Seven years after its Deepwater Horizon explosion and oil spill, BP is betting tens of billions of dollars on the prospect that it can slash the costs of offshore drilling by half or more - just as shale oil producers have done onshore.

Cook Inlet Federal Lease Sale yields more than $3 million in high bids

Cook Inlet Lease Sale 244 -- the first lease sale held in Alaska’s federal waters since 2008 -- garnered $3,034,815 in high bids for 14 tracts covering roughly 76,615 acres in Cook Inlet, off south-central Alaska. All bids were submitted by Hilcorp Alaska LLC.