U.S. Offshore ///
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.
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 has announced its planned development of Texas GulfLink, a proposed Deepwater Crude Oil Export Terminal, located near Freeport, Texas
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.
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.
Don Francis, Contributing Editor
Well organization
William (Bill) Head, Contributing Editor
The status of airguns and alternatives
Emily Querubin, World Oil
The Huizhou 32-5 oil field comprehensive adjustment/Huizhou 33-1 oil field joint development project reportedly started production.
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.
"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."
National Ocean Industries Association President Randall Luthi has issued a statement regarding the nomination of David Bernhardt as secretary of the interior.
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.
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 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.
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.
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.
America’s journey to preeminence in the global oil trade is about to hit another milestone.
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.
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.
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.