U.S. Offshore ///

Oil majors offload Gulf of Mexico fields to hunt bigger finds

Big Oil is giving up looking for singles and doubles in the Gulf of Mexico: Now it’s home runs or bust.

TGS, Schlumberger announce new multi-client nodal seismic project

TGS and Schlumberger today announced a new multi-client nodal seismic project in the U.S. Gulf of Mexico.

Petrobras, Murphy E&P form JV with Gulf of Mexico assets

Petrobras informs that today its subsidiary, Petrobras America Inc., has entered into a definitive agreement with Murphy Exploration & Production Company – USA, a wholly owned subsidiary of Murphy Oil Corporation, to form a joint venture company comprised of producing oil and gas assets in the Gulf of Mexico.

What's new in production

Don Francis, Contributing Editor

Let’s party

Drilling advances

Jim Redden, Contributing Editor

Windows to the hole

BMT secures marine monitoring contract for BP's Mad Dog Phase 2

BMT has won a contract to provide multiple marine monitoring systems for BP’s new Mad Dog Phase 2 semisubmersible floating production facility in the Gulf of Mexico.

China slams brakes on U.S. crude oil imports

Although Beijing hasn’t sanctioned U.S. oil imports yet, Chinese buyers aren’t taking any chances.

Major Gulf of Mexico producer weighs 2019 IPO

Fieldwood Energy, an offshore oil and gas explorer that emerged from bankruptcy in April, is weighing an initial public offering, according to people familiar with the matter.

Companies in the news

Michele Cowart, World Oil

LLOG Exploration delivered first production from its Crown and Anchor fields in the Gulf of Mexico, during second-quarter 2018.

Shell in talks to sell $1.3 billion in Gulf Coast assets

Royal Dutch Shell Plc, shedding assets to pay for its takeover of BG Group Plc, is in talks to sell its interest in a Gulf of Mexico oilfield to Focus Oil, according to people familiar with the matter.

U.S. gas a no-go for Chinese buyers despite weaker tariff

Even with China’s smaller tariffs on U.S. natural gas, American cargoes may still be shunned by Chinese traders trying to navigate the ongoing trade war.

Vitol-Cheniere pact shows long-term LNG deals aren't dead

Developers of LNG export terminals can breathe a sigh of relief: A supply boom hasn’t killed the long-term contracts that underpin the projects.

Trade war escalation could slow U.S. LNG expansion

U.S. gas is under threat as a trade war with China escalates.

Trump takes assault on Obama climate rules on oil wells

The Trump administration has proposed relaxing Obama-era mandates meant to limit methane leaks from oil wells as part of a broader assault on federal regulations designed to combat climate change.

PetroChina inks its biggest Qatar LNG deal as U.S. trade at risk

PetroChina signed a deal with Qatargas Operating to purchase 3.4 MM tons of LNG annually, the Chinese company’s biggest supply deal.

Fugro secures E&P support contracts in Trindad and the Gulf of Mexico

Fugro has won three contracts with BHP Petroleum (Deepwater) Inc., which see the company delivering a range of specialist services to support exploration and production operations in Trinidad and Tobago and the Gulf of Mexico.

Gordon weakens to tropical depression after shutting in 9% of GOM production

Gordon was rapidly weakening to a tropical depression after coming ashore near the Alabama-Mississippi border late Tuesday and killing at least one person while knocking out power to thousands.

Halliburton sets record for deepwater liner hanger installations

Halliburton Company has announced its XtremeGrip liner hangers have been installed to a depth of 30,924 ft in the Gulf of Mexico Hess-operated Stampede deepwater development, setting a record depth for the XtremeGrip system.

BP deploys cloud-based analytics solution on Gulf of Mexico platforms

BP announced today that it has successfully deployed Plant Operations Advisor (POA), a cloud-based advanced analytics solution developed with Baker Hughes, a GE company, across all four of its operated production platforms in the deepwater Gulf of Mexico.

Anadarko Petroleum shuts-in GOM production as storm approaches

Oil traded near $71/bbl in New York as Tropical Storm Gordon forces evacuations at fields along the U.S. Gulf Coast and threatens supply.