http://www.worldoil.com WorldOil As oil demand sentiments diverge on a national and an operator level, are production plans evolving to keep pace? https://www.worldoil.com/news/2020/7/1/as-oil-demand-sentiments-diverge-on-a-national-and-an-operator-level-are-production-plans-evolving-to-keep-pace From OPEC stalwarts down to individual producing companies, oil price and demand projections are dividing into two separate camps. World Oil's editors review some of these key differences, and what they mean for crude production plans. BSEE shares results from 28 unannounced spill response exercises in U.S. waters https://www.worldoil.com/news/2020/6/25/bsee-shares-results-from-28-unannounced-spill-response-exercises-in-us-waters BSEE is publishing its inaugural report that summarizes the key lessons learned from 2018 and 2019 government initiated unannounced exercises. Zupt completes Gulf of Mexico remote metrology survey https://www.worldoil.com/news/2020/6/24/zupt-completes-gulf-of-mexico-remote-metrology-survey Houston-based Zupt LLC has been completing metrologies remotely, without offshore survey personnel, since 2017 and is believed to be only company with the end-to-end ability to complete spool/jumper metrologies in this way. U.S. oil gaining appeal in Asia as OPEC+ suppliers limit output https://www.worldoil.com/news/2020/6/22/us-oil-gaining-appeal-in-asia-as-opecplus-suppliers-limit-output Refiners in the top crude-importing region have been forced to accept big reductions in their regular contracted volumes from producers including Saudi Arabia and Iraq in the past couple of months. They’ve also been taken aback by sharp swings in official selling prices. Underperforming offshore wells rack up over $100 billion in abandonment liabilities worldwide https://www.worldoil.com/news/2020/6/5/underperforming-offshore-wells-rack-up-over-100-billion-in-abandonment-liabilities-worldwide Aging offshore oil wells that once brought market prominence to Europe, the U.S. Gulf and Brazil are increasingly money losers that companies want shut down amid low oil prices and a struggling global economy. But the effort won’t be cheap. EIA data suggests official U.S. oil stockpile figures are too high https://www.worldoil.com/news/2020/6/4/eia-data-suggests-official-us-oil-stockpile-figures-are-too-high Various government data sets including stockpiles, production, imports and exports are signaling that current official figures on at least some supplies are excessive. While it’s unclear where exactly the discrepancy lies, the difference could signal a more bullish outlook for crude prices. Gulf of Mexico operators can expect an active 2020 hurricane season https://www.worldoil.com/news/2020/5/22/gulf-of-mexico-operators-can-expect-an-active-2020-hurricane-season Federal researchers are now weighing in on the hurricane season ahead, forecasting as many as 19 named storms for the year, at least six of which are likely to become hurricanes. More oil companies qualify for Federal Reserve loans after rules change https://www.worldoil.com/news/2020/5/1/more-oil-companies-qualify-for-federal-reserve-loans-after-rules-change The Federal Reserve revamped its Main Street Lending Program in ways that will allow battered oil companies to qualify for the aid after industry allies lobbied the Trump administration for changes. Trump administration opposed to royalty relief for oil companies https://www.worldoil.com/news/2020/4/9/trump-administration-opposed-to-royalty-relief-for-oil-companies President Donald Trump has told aides he doesn’t support a broad plan to temporarily stop charging energy companies royalties for oil and gas produced on federal lands and waters, according to two people familiar with the matter. Gulf of Mexico operators move proactively to keep oil flowing during pandemic https://www.worldoil.com/news/2020/4/7/gulf-of-mexico-operators-move-proactively-to-keep-oil-flowing-during-pandemic In response to the coronavirus outbreak, offshore operators have stepped up screening and cleaning, lengthened job assignments and subjected workers to isolation periods. Some officials have even gamed out hypothetical scenarios that include shutting down operations if the pandemic spreads.