http://www.worldoil.com WorldOil Oceaneering lands integrated rig services contract in the U.S. Gulf of Mexico https://www.worldoil.com/news/2021/3/2/oceaneering-lands-integrated-rig-services-contract-in-the-us-gulf-of-mexico The work scope includes the provision of remotely operated vehicles with collocated ROV tooling and technicians, remote positioning and metrology survey resources, and installation and workover control system equipment and technicians. Special Focus: 2021 Forecast and Review – U.S. Oil and Gas Production https://www.worldoil.com/magazine/2021/february-2021/special-focus/special-focus-2021-forecast-review-us-oil-and-gas-production Despite an historically low, 54% decline in drilling activity, U.S. oil production was down just 7.6% on a year-over-year basis, averaging 11.318 MMbopd in 2020. The loss in U.S. output could have been more drastic, but OPEC+ did a masterful job of curtailing production during the year to support benchmark prices. Biden interior pick Haaland’s fossil fuel stance draws GOP opposition https://www.worldoil.com/news/2021/2/20/biden-interior-pick-haaland-s-fossil-fuel-stance-draws-gop-opposition The Senate ultimately is still expected to confirm Haaland, but the slim control Democrats have means Haaland needs every vote she can get. Joe Manchin, the West Virginia Democrat who is chairman of the committee considering her nomination, threw into doubt the fate of another Biden nominee last week. U.S. will import 62% more crude by 2022 due to domestic production declines, says EIA https://www.worldoil.com/news/2021/2/17/us-will-import-62-more-crude-by-2022-due-to-domestic-production-declines-says-eia EIA expects that the United States will import more crude oil to fill the widening gap between refinery inputs of crude oil and domestic crude oil production in 2021 and 2022. U.S. crude oil production declined by an estimated 0.9 million bpd (8%) to 11.3 million bpd in 2020 because of well curtailment and a drop in drilling activity related to low crude oil prices. U.S. oil demand accelerates as refiners project more summer driving https://www.worldoil.com/news/2021/2/12/us-oil-demand-accelerates-as-refiners-project-more-summer-driving American refiners are processing the most crude since the economy ground to a halt in March in anticipation of a vaccine-driven boost in gasoline demand this summer. The uptick means that the refiners are competing for domestic barrels that for months were sent to more robust markets in Asia. LLOG strikes deal with Eni and Marubeni for deepwater Mississippi Canyon tieback https://www.worldoil.com/news/2021/2/10/llog-strikes-deal-with-eni-and-marubeni-for-deepwater-mississippi-canyon-tieback The agreement provides LLOG access to Eni and Marubeni Oil and Gas’ existing subsea infrastructure connected to the Williams-owned Devils Tower Spar in Mississippi Canyon 773 to optimize its development of the Taggart discovery. C-Innovation signs one-year contract extension with BP for Riserless Light Well Intervention in Gulf of Mexico https://www.worldoil.com/news/2021/2/1/c-innovation-signs-one-year-contract-extension-with-bp-for-riserless-light-well-intervention-in-gulf-of-mexico C-Innovation, LLC announced a one-year contract extension with BP for Riserless Light Well Intervention in the Gulf of Mexico. The Island Venture and team are currently mobilized and in the field working on one of BP’s assets. Biden’s anti-oil crusade can make climate change worse https://www.worldoil.com/news/2021/1/29/biden-s-anti-oil-crusade-can-make-climate-change-worse America is the world’s biggest consumer of crude oil, and any restrictions of domestic production will mean more will have to be shipped in from other countries with less stringent humanitarian and environmental laws. API chief calls oil leasing ‘a lifeline to local economies’ at USEA Forum https://www.worldoil.com/news/2021/1/28/api-chief-calls-oil-leasing-a-lifeline-to-local-economies-at-usea-forum “We are rooting for President Biden to lead America out of crisis,” API President and CEO Mike Sommers said. “As he works toward that important goal, he faces clear choices. Energy abundance or foreign dependence. American jobs or overseas jobs. Economic revival or small-town decline. Progress or retreat. Thus far, President Biden is on the wrong side of a number of these consequential choices.” Biden’s oil and gas drilling ban may end offshore Gulf of Mexico work https://www.worldoil.com/news/2021/1/28/biden-s-oil-and-gas-drilling-ban-may-end-offshore-gulf-of-mexico-work “The region that would bear the brunt of the oil and gas ban are the deep waters of the Gulf of Mexico since it’s entirely owned by the U.S. government,” said Elisabeth Murphy, ESAI Energy LLC upstream analyst for North America. It would mean a 40% output drop for the Gulf by 2030, she said.