U.S. Offshore ///

BHP approves Atlantis Phase 3 project

The BHP Board has approved $696 million (BHP share) in funding to develop the Atlantis Phase 3 project in the U.S. Gulf of Mexico. This follows sanction by BP, as the operator, of the Atlantis Phase 3 project, announced in January 2019.

U.S. Interior has announced region-wide oil and gas lease sale Gulf of Mexico

In support of President Donald J. Trump’s America-First Offshore Energy Strategy, Interior’s Assistant Secretary for Land and Minerals Management Joe Balash and Bureau of Ocean Energy Management Acting Director Walter Cruickshank have announced that BOEM will offer 78 million acres for a region-wide lease sale scheduled for March 2019.

Sentinel Midstream plans deepwater crude oil export facility near Freeport, Texas

Sentinel Midstream has announced its planned development of Texas GulfLink, a proposed Deepwater Crude Oil Export Terminal, located near Freeport, Texas

Implications of the 2018 mid-terms for the oil and gas industry

Dr. Roger Bezdek, Contributing Editor

In the November 2018 mid-term elections, all 435 seats in the House of Representatives, 35 Senate seats, and 36 governorships were contested.

PESA companies must remain nimble in solving challenges

Leslie Shockley Beyer, Petroleum Equipment & Services Association

We have just left a transformational year in the industry, where shifting commodity prices and evolving drilling strategies have demanded agile thinking and ingenuity—especially in the oilfield services and equipment sector.

What's new in production

Don Francis, Contributing Editor

Well organization

What's new in exploration

William (Bill) Head, Contributing Editor

The status of airguns and alternatives

World of oil and gas

Emily Querubin, World Oil

The Huizhou 32-5 oil field comprehensive adjustment/Huizhou 33-1 oil field joint development project reportedly started production.

BLM makes record-breaking $1 billion from O&G lease sales

The Bureau of Land Management (BLM) has announced that 2018 was a record year for oil and natural gas lease sales – generating more than $1 billion – an amount that was nearly equal to the BLM’s budget for Fiscal Year 2018.

Equinor increases 2018 earnings, eyes offshore U.S.

"In 2018 we sanctioned seven new projects, which will deliver more than 1 Bbbl of resources to Equinor at an average break-even price of $14 and very low CO2 emissions."

NOIA applauds nomination of David Bernhardt as next Interior Secretary

National Ocean Industries Association President Randall Luthi has issued a statement regarding the nomination of David Bernhardt as secretary of the interior.

McDermott awarded EPCI subsea tie-back contract for Stonefly development

McDermott International, Inc. has announced a sizeable contract award by LLOG Exploration Company, L.L.C. for deepwater subsea pipeline tiebacks and structures from the Stonefly development to the Ram Powell platform.

Oil falters as U.S. shutdown, China trade cast pall over economy

Crude prices fell to the lowest level in almost a week as China warned of “serious challenges” to the global economy and the U.S. government shutdown cast a pall over growth.

Oil steadies near two-month high as U.S. drilling slows down

Oil steadied near a two-month high in New York amid a pullback in U.S. drilling activity, while ongoing U.S.-China trade talks left an uncertain outlook for demand.

API has projected continued growth of U.S. energy as the world leader verified by fourth-quarter natural gas, oil data

Estimated total natural gas and oil well completions rose 23% in the fourth quarter of 2018 compared to year-ago levels, according to API’s 2018 Quarterly Well Completion Report, Fourth Quarter.

How OPEC is helping U.S. oil reach a tipping point

The U.S. Energy Information Administration has published its first detailed monthly oil forecast for 2020 and it shows something that should strike fear into the hearts of OPEC ministers — from the fourth quarter, America will export more oil than it imports.

U.S. could soon produce more crude than Saudis can at their peak

America’s journey to preeminence in the global oil trade is about to hit another milestone.

Oil gains as Russia, Saudis signal commitment to production cuts

Oil closed higher for the second straight day as Russia and Saudi Arabia signaled they’re on track with production cuts designed to avoid a global supply glut.

O&G industry shows commitment to workplace safety in new report

API has released its comprehensive Workplace Safety Report showing that occupational injuries and illness for the natural gas and oil industry occur at a substantially lower rate than the U.S. private sector and are continuing to decline.

U.S. LNG ready to take center stage in 2019

The coming year is expected to make the U.S. the third largest exporter of liquefied natural gas (LNG) in the world, creating jobs stateside while reducing emissions and providing reliable energy to countries around the world.