U.S. Offshore ///

API: U.S. continues to lead the world in natural gas liquids, crude oil production

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 2019 registration now open

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 to sell interest in U.S. GOM Caesar-Tonga asset for $965 million

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.

What's new in production?

Don Francis, Contributing Editor

The beat goes on

Riser project management— far beyond just rolling steel

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.

Technology at OTC: Latest advances target additional efficiencies, cost-cutting

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.

OTC Spotlight on New Technology Awards: Innovation continues as offshore recovers

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.

Houston chemical disaster zone too hazardous for investigators

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 balances bid on Blackstone-backed Bluewater

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 has named V.P., director in North America expansion

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.

Houston Ship Channel partially reopened amid worst chemical disaster in more than a decade

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.

EIA: Power sector pushed domestic U.S. natural gas consumption to new record in 2018

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.

BSEE: Key to energy security lay within offshore safety performance, environmentally sustainable energy production

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.

Gulf of Mexico lease sale results in $244+ million in bids

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.

As U.S. oil supply grows, so does its influence on global prices

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.

MCEDD 2019 paves the way to realizing a future of increasing demand

Emily Querubin, World Oil

Gulf Quest LLC, a Gulf Energy Information and Quest Offshore JV, is hosting this year’s 16th annual Marine, Construction & Engineering Deepwater Development (MCEDD) conference on April 2–4, at London’s Novotel London West hotel. Once again, attendees can expect to hear about the latest advances in the engineering, development and production of oil and gas in deepwater and ultra-deepwater fields around the globe.

Companies in the news

Michele Cowart, World Oil

Equinor has, together with its partners Petoro, ExxonMobil and Total, proven gas and condensate in the Norwegian Sea Ragnfrid North (6406/2-9 S) exploration well, located ~12.43 mi (20 km) south of the Kristin platform in the Norwegian Sea.

Oil industry extends olive branch to green new dealers

The U.S. energy czar and former Texas governor, Rick Perry had a startling response to the author of the Green New Deal: Let’s talk.

API joins consumer-focused coalition to push Congress to pass U.S-Mexico-Canada Trade Agreement

The American Petroleum Institute announced that it has joined the newly launched USMCA Coalition, backed by over 200 companies and associations across a wide variety of industries, to urge Congress to approve the U.S.-Mexico-Canada Agreement (USMCA).

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.