U.S. Offshore ///
Based on EIA’s latest Short-Term Energy Outlook’s expected production levels at new and existing fields, annual crude oil production in the GOM will increase to an average of 1.9 MMbpd in 2019 and 2.0 MMbpd in 2020.
The project required data collection over multiple deepwater lease blocks in the greater Perdido and Mars development areas to support clearance of potential environmental, engineering, geological and archaeological hazards ahead of planned drilling activities.
Universal Subsea's patent-pending Defender subsea isolation cap was successfully installed to the Bulleit subsea well, operated by Talos in the Gulf of Mexico at a water depth of 1,300 feet.
Lease Sale 254, scheduled to be livestreamed from New Orleans, will be the sixth offshore sale under the 2017-2022 Outer Continental Shelf Oil and Gas Leasing Program.
The contracted offshore SCR and umbilical pull-in operations will be performed at Mississippi Canyon, on an existing production facility located south of New Orleans, LA in approximately 1,900m of water.
The newly sanctioned waterflood project in the St. Malo field will advance Chevron’s strategy of maximizing the company’s existing resources in the Gulf of Mexico.
Talos Energy has entered into two separate agreements with BP and Exxon Mobil related to new exploration opportunities in the U.S. Gulf of Mexico.
“The energy industry needs a more skilled workforce and the new Center for Petrochemical, Energy, & Technology is designed by industry for industry,” said Dr. Brenda Hellyer, San Jacinto College Chancellor.
Kurt Abraham, World Oil
Another mixed outlook awaits the E&P sector
The U.S. House of Representatives is set to vote Wednesday on two proposals for limiting drilling in U.S. coastal waters, including an effort to permanently ban rigs near Florida, as Democrats seek to demonstrate their opposition to fossil fuels and emphasize Republicans’ sustained support for oil.
Tracy W. Krohn, chairman and CEO said "These low-decline assets add significant reserves and production to our portfolio and are adjacent to our current operations."
Seadrill has secured a one year contract with LLOG Exploration Offshore for the West Neptune operating in the US Gulf of Mexico.
BP has closed one chapter in its U.S. business, exiting Alaska decades after transforming the state into an oil powerhouse. Now it’s time for a new phase in the company’s American story.
McDermott International, along with its partners, Chiyoda International and Zachry Group, today announced that Train 1 of the Freeport LNG project on Quintana Island in Freeport, Texas, has begun producing LNG.
The Bureau of Ocean Energy Management has approved Equinor and Shell’s transaction, in which Equinor exercised its preferential right to acquire 22.45% interest in the Caesar Tonga oil field from Shell for $965 million in cash.
The race to develop oil terminals that can fully load supertankers on the U.S. Gulf Coast remains congested, even as one of North America’s largest pipeline operators decided to push its project ahead.
At risk is $17 trillion in U.S. real estate along the coasts, as well as some of America’s most valuable commodities. More than 45% of U.S. refining capacity and 51% of gas processing is along the Gulf of Mexico coastline.
Jim Redden, Contributing Editor
Catching up with the times
Talos Energy reported successful drilling operations in its Bulleit and Orlov prospects in the Green Canyon deepwater Gulf of Mexico block as part of its second quarter 2019 earnings results.
Bernie Sanders says the industry is a criminal enterprise. Joe Biden is vowing to take action against it.