U.S. Offshore ///

Fairfield Geotechnologies successfully completes Gulf of Mexico ocean bottom node survey

Fairfield Geotechnologies announces the successful completion in May 2018 of the Stampede deepwater ocean bottom node survey, located in the Green Canyon area of the Gulf of Mexico.

Interior announces region-wide oil and gas lease sale for Gulf of Mexico

In support of President Donald J. Trump's America-First Offshore Energy Strategy, Deputy Secretary of the Interior David Bernhardt announced that the Bureau of Ocean Energy Management (BOEM) will offer approximately 78 million acres offshore Texas, Louisiana, Mississippi, Alabama, and Florida for oil and gas exploration and development.

Oil pares losses after biggest U.S. crude stock draw since 2016

Crude pared losses after a government report showed the biggest decline in domestic crude inventories since September 2016, yet fears of an escalating trade war with China overshadowed the drop.

OPEC sees rival supplies growing most in five years in 2019

OPEC expects supplies from its rivals to increase by the most in five years in 2019, with extra oil from the U.S. alone sufficient to meet the growth in global demand.

Cooler Atlantic may dash oil bulls' hopes this hurricane season

Energy and agricultural market bulls: Beware of a cooler Atlantic Ocean.

Goldman Sachs says U.S. oil drama trumps OPEC's Vienna chaos

The most dramatic events in the oil market last week occurred in North America as opposed to OPEC’s get-together in Europe.

U.S. oil's pricing allure risks being dulled by China tariff

China’s planned levies on U.S. crude as part of an escalating trade dispute threatens to dim the attractiveness of American supplies in the world’s biggest oil-importing nation.

Danos wins contract for Shell's Appomattox platform in deepwater GOM

Danos is pleased to announce that Shell Exploration and Production Company, a subsidiary of Royal Dutch Shell, has awarded a contract to Danos to provide coatings for Shell’s deepwater Appomattox platform in the Gulf of Mexico.

America's LNG exports may double prices by 2040 as demand surges

Exports of U.S. LNG may double prices by 2040, but rising output and better trade balances will soften the blow to consumers.

American oil fight to heat up as U.S. keeps more for itself

The U.S. is set to get a bit more possessive about its own oil, sparking a bidding war with eager buyers in the other side of the world.

Shell announces start of production at first phase of Kaikias in the Gulf of Mexico

Shell Offshore, Inc. (Shell), a subsidiary of Royal Dutch Shell plc, has announced the early start of production at the first phase of Kaikias, an economically resilient, subsea development in the U.S. Gulf of Mexico.

Operators pull personnel from offshore platforms as Alberto strengthens

Subtropical Storm Alberto had a burst of strength as it closes on Florida’s Panhandle, where it should come ashore early Monday, and is spreading heavy rains across the U.S. South, potentially causing more than $1 billion in economic losses.

Shell reports large deepwater discovery in U.S. Gulf of Mexico

Shell Offshore, Inc. has announced a large deepwater discovery in the Norphlet geologic play in the U.S. Gulf of Mexico with its Dover well (100% Shell).

American oil boom seen tempting ships to steer clear of Iran

The latest standoff between the U.S. and Iran may be leaving oil-tanker owners in more of a bind than in previous years.

Oilfield services and equipment sector tells USTR proposed tariffs would harm U.S. manufacturing

The Petroleum Equipment & Services Association (PESA) submitted comments to U.S. Trade Representative Robert Lighthizer outlining how the administration’s proposed tariffs on $50 billion worth of Chinese imports would impact the oilfield service, supply and manufacturing sector.

What's new in exploration

William (Bill) Head, Contributing Editor

Rising oil prices, along with shale being over-extended, and world reserves declining, are requiring companies to look to exploration again.

OTC '18: BOEM’s director says agency continues to carry out Trump’s offshore agenda

Dr. Walter Cruickshank, acting director of the federal Bureau of Ocean Energy Management, delivered an update on the state of offshore activity and regulation during a luncheon at OTC in Houston.

W&T Offshore, BHGE announce strategic partnership for 14 GOM projects

W&T Offshore Inc. and Baker Hughes, a GE company (BHGE), announced a strategic partnership related to W&T’s joint exploration and development program, which includes 14 drilling projects, most of which are operated by W&T in the Gulf of Mexico (GOM).

Nexans to supply umbilicals for second stage of Mad Dog development

BP has selected Nexans to supply umbilicals for the second stage development of the Mad Dog offshore field in the Gulf of Mexico.

Shell invests in the Vito development in the Gulf of Mexico

Shell Offshore Inc. (Shell), a subsidiary of Royal Dutch Shell plc, today announces the final investment decision for Vito, a deepwater development in the U.S. Gulf of Mexico with a forward-looking, break-even price estimated to be less than $35/bbl.