U.S. Offshore ///

Analysis: Chevron vs. Oxy: Who fits Anadarko better?

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.

Oxy faces a heavyweight in Anadarko Prize Fight

Anadarko Petroleum's executives will be big winners in bidding war. Oh yeah, and the shareholders, too.

Ashtead Technology acquires Aqua-Tech Solutions in Gulf of Mexico

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 makes a deepwater discovery in the U.S. Gulf of Mexico

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 acquires deepwater GOM assets from LLOG for $1.375 billion

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.

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.