U.S. Offshore ///

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.

Storm Cindy bears down on Gulf coast after curbing oil and gas operations

Tropical Storm Cindy has curbed energy production in the GOM, disrupted shipping and forced workers off oil and gas platforms.

Gulf of Mexico Storm Cindy threatens shipping, crude imports

Tropical Storm Cindy has halted service at a major oil terminal in the Gulf of Mexico, prompted some evacuations at rigs and platforms and put states from Texas to Florida on notice for life-threatening floods.

LAGCOE announces LAGCOE Looey 2017: Don Briggs

LAGCOE is proud to announce LAGCOE Looey 2017, Mr. Don Briggs, Founding Member and President of the Louisiana Oil and Gas Association. LAGCOE Looey is an honorary position given to someone who has accomplished something great in the oil and gas industry.

WebCreek releases virtual reality oilfield training solution

Houston-based software company WebCreek has recently launched its virtual training module for oilfield operations.

Stone Energy initiates drilling operations at Rampart Deep Prospect

Stone Energy Corporation has announced that drilling operations on its Rampart Deep Prospect in Mississippi Canyon Block 116 were initiated on June 3, 2017. The Stone generated prospect will be drilled and operated by Deep Gulf Energy III, LLC, and is expected to be tied back to Stone's 100% owned Pompano platform, if successful.

Paris pullout pits U.S. Chamber against the likes of Exxon Mobil, Citigroup

As President Donald Trump mulled whether to exit the Paris climate accord, companies as varied as Dow Chemical Corp., Exxon Mobil Corp. and Citigroup Inc. prodded him to stay in.

Trump said to mull combining agencies split after Gulf spill

After the 2010 Gulf oil spill, the Obama administration broke the scandal-plagued federal agency that policed offshore drilling into separate bureaus. Now the Trump administration is considering putting it back together again.

CGG delivers final data from Encontrado project over Perdido fold belt

CGG announced today that the final products from its Encontrado multi-client reprocessing project across the Gulf of Mexico’s prolific Perdido fold belt have been delivered on schedule to the Comision Nacional de Hidrocarburos (CNH) and the industry.

First floating gas terminal in Gulf gets approval for exports

The first floating terminal proposed to export natural gas out of the Gulf of Mexico has been cleared by U.S. regulators to send cargoes overseas.

Flat Time Reduction launches Lean Oilfield Solutions

Flat Time Reduction (FTR), a Houston-based engineering and management consulting firm, has developed a new system tailored specifically for the oil and gas industry, based on the proven methodology behind lean manufacturing.

Trump proposes $204.9 million budget for BSEE in 2018

President Donald Trump has proposed a $204.9 million Fiscal Year (FY) 2018 budget for the Bureau of Safety and Environmental Enforcement (BSEE).