U.S. Offshore ///

What's new in exploration

William (Bill) Head, Contributing Editor

Let’s talk mud

America is awash with natural gas, and it’s about to get worse

Prices briefly dipped below $2 /MMbtu on Friday for the first time since 2016, yet the industry is powerless to stop a wave of additional gas hitting the market as a byproduct of rising shale oil output.

C-Innovation selects Magma composite jumpers for Gulf of Mexico intervention projects

Magma Global has been selected by C-Innovation to supply m-pipe thermoplastic composite subsea jumpers for flowline intervention in the Gulf of Mexico. The 4-inch diameter 10ksi m-pipes are expected to be deployed in the next few months.

Talos Energy to spend $640 million acquiring Gulf of Mexico acreage and prospects

Talos president and CEO Timothy S. Duncan commented, "The acquisition of these assets significantly strengthens Talos's position as a basin-leading independent E&P company, providing increased scale and free cash flow, greater operational diversity and broader optionality in future growth.”

Total begins FEED on North Platte 20,000-psi Gulf of Mexico discovery

The 20,000-psi field development plan is based on eight subsea wells and two subsea drilling bases connected via two production loops to a newbuild, lightweight floating production unit.

Chevron greenlights its Anchor 20,000-psi deepwater project in the Gulf of Mexico

Chevron has sanctioned the Anchor project in the U.S. Gulf of Mexico, marking the industry’s first deepwater high-pressure development to achieve a final investment decision.

TGS introduces new U.S. deepwater Declaration Refocus imaging program

The new imaging project will process data from the prolific Mississippi Canyon, Viosca Knoll and De Soto Canyon areas using the latest imaging technologies to provide a significant uplift in data quality.

U.S. energy-related CO₂ emissions rose in 2018 for the first year since 2014

The U.S. Energy Information Administration reported that total U.S. energy-related carbon dioxide (CO₂) emissions in 2018 rose to 5.27 billion metric tons, 2.7% more than its 2017 level.

Has a global LNG glut forced the U.S. to become the swing producer?

A global glut of natural gas has gotten so massive that U.S. exporters could soon face their worst-case scenario: Halting shipments to get supply and demand back in balance.

EIA increases U.S. crude oil production forecast

The U.S. Energy Information Administration revises the U.S. crude oil production forecast it publishes in each Short-Term Energy Outlook based mainly on two factors: updates to EIA’s published historical data and EIA’s crude oil price forecast.

Offshore oil to peak in 2020, then join the shale slump, says analyst

A report by analysts at Sanford C. Bernstein & Co. sees projects in the Gulf of Mexico and off of South America significantly boosting output next year. After that, though, the odds drop for any further growth gains, the report found.

Gator Technologies expands Midland and Broussard operations

The new facilities will provide purpose-built space to support Gator’s bottom hole assembly tool rental, repair and manufacturing capabilities.

Oil drillers get $18 billion break thanks to law legislators now regret

The U.S. has forfeited some $18 billion tied to oil and gas production in the Gulf of Mexico since 2000 because of a decades-old law that gave energy companies a break on paying royalties when drilling in deep waters, federal investigators concluded Thursday.

U.S. Gulf of Mexico crude oil production to continue to set records through 2020

Based on EIA’s latest Short-Term Energy Outlook’s expected production levels at new and existing fields, annual crude oil production in the GOM will increase to an average of 1.9 MMbpd in 2019 and 2.0 MMbpd in 2020.

Fugro completes deepwater AUV surveys for Shell in US Gulf of Mexico

The project required data collection over multiple deepwater lease blocks in the greater Perdido and Mars development areas to support clearance of potential environmental, engineering, geological and archaeological hazards ahead of planned drilling activities.

Universal Subsea logs Gulf of Mexico well abandonment success

Universal Subsea's patent-pending Defender subsea isolation cap was successfully installed to the Bulleit subsea well, operated by Talos in the Gulf of Mexico at a water depth of 1,300 feet.

U.S. to offer 78 million Gulf of Mexico acres in 2020 lease sale

Lease Sale 254, scheduled to be livestreamed from New Orleans, will be the sixth offshore sale under the 2017-2022 Outer Continental Shelf Oil and Gas Leasing Program.

Subsea 7 awards Gulf of Mexico SCR and umbilical pull-in project to ALE

The contracted offshore SCR and umbilical pull-in operations will be performed at Mississippi Canyon, on an existing production facility located south of New Orleans, LA in approximately 1,900m of water.

Chevron sanctions waterflood project to boost St. Malo production

The newly sanctioned waterflood project in the St. Malo field will advance Chevron’s strategy of maximizing the company’s existing resources in the Gulf of Mexico.

Talos Energy strikes Gulf of Mexico deals with BP, ExxonMobil

Talos Energy has entered into two separate agreements with BP and Exxon Mobil related to new exploration opportunities in the U.S. Gulf of Mexico.