U.S. Offshore ///

Oil prices slip, gasoline jumps as Hurricane Ida disrupts infrastructure

U.S. gasoline futures jumped after Hurricane Ida barreled ashore in Louisiana, disrupting processing facilities. Oil reversed early gains as local rigs may have escaped significant damage and the OPEC+ producers’ cartel is expected on Wednesday to endorse a supply increase.

Industry must find ways to survive increasingly authoritarian U.S. government

David Blackmon, Contributing Editor

From killing the Keystone XL pipeline to federal land usage, leasing bans, wastewater disposal and tax treatment, the Biden administration is waging a full-scale assault on the U.S. upstream oil and gas industry.

Democrats want to add new drilling bans to Biden’s $3.5T infrastructure bill

Endangered desert fish would get millions of dollars in federal funding, while oil companies would face new fees and a ban on most offshore drilling under a plan floated by House Democrats.

Biden plans September restart of oil leases, per court ruling

The Biden administration moved Tuesday to resume selling oil and gas drilling rights in the Gulf of Mexico and throughout the western U.S., after a judge ruled the president’s leasing pause was unlawful.

Chevron, Hess mandate Covid vaccines for Gulf of Mexico crews

Chevron and Hess are requiring employees who work on its platforms in the Gulf of Mexico to get the Covid-19 vaccine, as the oil giant responds to rising cases across the southern U.S.

Silixa rolls out industry’s first subsea distributed acoustic sensing system

Silixa announced the successful installation, validation, and borehole seismic acquisition from a permanently installed fiber optic Distributed Acoustic Sensing system, Carina Subsea 4D, on BP’s Atlantis Phase 3 subsea field development.

Biden to restart oil lease sales while appealing June court order

The Biden administration is appealing a federal judge’s ruling against its oil leasing moratorium, while promising to resume offering new leases on U.S. lands and waters.

Tracerco Discovery deployed in Gulf of Mexico to carry out subsea pipeline inspections

Tracerco has been awarded three subsea inspection contracts to provide critical asset integrity data on pipelines of a major operator in the Gulf of Mexico.

Woodside in advanced talks to buy BHP's $14.7B petroleum business

Woodside Petroleum is in advanced talks to buy BHP Group’s petroleum division for about A$20 billion ($14.7 billion), the Australian Financial Review reported on Sunday, citing people familiar with the matter.

C-Innovation awarded multi-year riserless light well intervention contract

The contract is for the provision of RLWI services onboard the M/V Island Venture, C-I’s flagship intervention vessel commissioned in 2017.

GATE Energy wins Shell's Whale commissioning project in the Gulf of Mexico

GATE Energy has been selected by Shell Offshore as the provider for facility commissioning of the Whale development. Scope includes commissioning planning, onshore commissioning execution, and offshore commissioning / ready-for-startup services.

U.S. Interior secretary accused of defying federal judge’s oil lease ruling

Six weeks after a federal judge ordered the Biden administration to resume selling oil and gas leases on federal land, there’s no sign it has, and Interior Secretary Deb Haaland struggled Tuesday to explain why.

Opinion: Biden’s personnel madness in Washington continues

Staff, World Oil

The Biden administration continues to nominate people for senior positions that all seem to hate oil and gas. If one were bent on destroying the U.S. oil and gas industry, you’d be hard put to nominate people more diabolically effective at doing it than “Joltin’ Joe’s” (apologies to the last Joe Dimaggio) cast of characters.

Shell commits to Whale development in deepwater Gulf of Mexico

The Whale development, owned by Shell Offshore Inc. and Chevron U.S.A. Inc., is expected to reach peak production of approximately 100,000 barrels of oil equivalent per day and currently has an estimated, recoverable resource volume of 490 million barrels of oil equivalent.

BHP said to seek an exit from its petroleum business

BHP has long said the oil business was one of its strategic pillars, and argued that it will make money for at least another decade. But as the world tries to shift away from fossil fuels, the company wants to avoid getting stuck with assets that become more difficult to sell, according to insiders.

U.S. crude oil exports reached record levels in 2020, remain high in 2021

Despite volatility in global oil markets, U.S. crude oil exports reached a record high in 2020, maintaining momentum in 2021 with crude oil exports reaching 3.00 million barrels per day (bpd).

Biden continues his anti-U.S. oil and gas push while crude demand rises

The Biden administration is preparing to release a blueprint for limiting sales of U.S. drilling rights as rising oil and gasoline prices highlight the risks of curtailing domestic crude production.

Higher oil prices will have limited effect on U.S. crude output, EIA projects

Oil companies will produce 20,000 barrels a day more than previously forecast for this year, at 11.1 million barrels, the Energy Information Administration said in a report on July 7th.

Rediscovering the promise of America’s Great Lower Tertiary play

Chuck White, Roy Shilling, Vamsee Achanta, Jeremy Walker, Terrance Ivers, Frontier Deepwater Appraisal Solutions LLC

Part 2: In April, the first half of this two-part feature documented industry’s failure to profitably exploit the massive Wilcox Lower Tertiary trend in the ultra-deepwater Gulf of Mexico. This second article evaluates how alternative technologies and strategies can make those failing assets profitable while reducing human and environmental risk.

Subsurface trend analysis in the Gulf of Mexico

Jared Ciferno, Kelly Rose, NETL; Mackenzie Mark-Moser, Leidos Research Support Team

The Subsurface Trend Analysis (STA) method is a data-driven approach, in which deductive geologic methods are integrated with spatiotemporal statistical autocorrelative methods. NETL has developed STA to better understand subsurface systems and predict their properties.