U.S. Offshore ///
The third and latest offer (this time publicly) on Wednesday by Occidental Petroleum for Anadarko Petroleum has prompted a discussion among analysts as to whether the large independent’s assets are a better fit with Oxy or Chevron.
Anadarko Petroleum's executives will be big winners in bidding war. Oh yeah, and the shareholders, too.
Ashtead Technology has announced that it has acquired Louisiana based subsea equipment rental and cutting services specialist, Aqua-Tech Solutions, as part of the company’s international growth plans in the U.S.
Shell Offshore Inc., a subsidiary of Royal Dutch Shell plc, has announced a significant discovery at the Blacktip prospect in the deepwater U.S. Gulf of Mexico.
Murphy Oil Corporation has announced that its wholly owned subsidiary, Murphy Exploration & Production Company – USA, has entered into a definitive agreement to acquire deepwater Gulf of Mexico assets from LLOG Exploration Offshore, L.L.C. and LLOG Bluewater Holdings, L.L.C. The accretive, cash flow providing Gulf of Mexico assets currently produce approximately 38,000 boepd and are expected to add approximately 66 MMboe of Proven (1P) reserves and 122 MMboe of Proven and Probable (2P) reserves1.
The American Petroleum Institute’s latest monthly statistical report showed that the U.S. sustained its position as the world’s leading oil producer, continuing a pace of 12.1 MMbopd, matching February 2019
LAGCOE leadership announces LAGCOE 2019 online registration is officially open. The event will take place Oct. 9-11, 2019 in New Orleans, La., at the Ernest N. Morial Convention Center.
Shell Offshore Inc., a subsidiary of Royal Dutch Shell plc, signed an agreement to sell its 22.45% non-operated interest in the Caesar-Tonga asset in the US Gulf of Mexico to Delek CT Investment LLC, a subsidiary of Delek Group Ltd.
Don Francis, Contributing Editor
The beat goes on
Jeff Bockmiller, Michael Tricarico, Vallourec
Helping the customer beyond just product delivery, a manufacturing company successfully delivers a full package of products and services: API 17G qualifications, coatings, logistics, and accessories included.
This year’s collection of new technologies and products carries on the spirit of last year’s advances, and perhaps even more aggressively, in terms of wringing out further efficiencies and cost reductions.
As the offshore sector of the global E&P industry shows signs of finally turning the corner, the strong pace of technical innovation is continuing.
Intercontinental Terminal Co. is still trying to drain millions of gallons of volatile oil byproducts from tanks damaged in the four-day blaze that began on March 17.
BHP Group considering the purchase of Blackstone Group LP and LLOG Exploration Co.’s oil-exploration JV Bluewater, according to people with knowledge of the matter.
Airswift, the global workforce solutions provider for the energy, process and infrastructure sectors, is demonstrating significant strategic growth across North America with new hires and senior promotions.
A two-mile (3.2-km) stretch of the Houston Ship Channel’s that’s been closed for three days will be open during daytime hours while the clean-up continues. Pilots have been ordered by the U.S. Coast Guard to stay at least 30 min apart so each vessel can be inspected to ensure it’s not dragging oily residue through the water.
U.S. natural gas consumption increased by 10% in 2018, reaching a record high of 82.1 Bcfd, according to EIA’s recently released Natural Gas Monthly. Domestic consumption of natural gas increased across all sectors in 2018, led by a 3.8 Bcfd increase in the electric power sector caused by a combination of recent natural gas-fired electric capacity additions and weather-related factors.
Bureau of Safety and Environmental Enforcement (BSEE) Director Scott Angelle emphasized BSEE’s commitment to safe and environmentally sustainable energy production during meetings in Louisiana with the Greater Lafourche Port Commission, the Louisiana Mid-Continent Oil and Gas Association and BSEE Gulf of Mexico Region staff.
The U.S. Department of Interior’s Assistant Secretary for Land and Minerals Management Joe Balash has announced that region-wide Gulf of Mexico Lease Sale 252 generated $244,299,344 in high bids for 227 tracts covering 1,261,133 acres in federal waters of the Gulf of Mexico.
For a glimpse into what the global oil price might look like one day, a good place to look is the Dutch port of Rotterdam.