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Category: Offshore

  • Home
  • Oil Supply
  • Offshore
Category:
  • Offshore

Shell to Deploy New Design in Mississippi Canyon

Shell, Statoil to proceed with eight-well subsea project southeast of New Orleans. Shell Offshore, Inc. will proceed with the Vito deep-water development in the U.S. Gulf of Mexico. The Royal Continue Reading

Posted On : 25 Apr 2018 Published By : Tom Whipple
Category:
  • Offshore
  • USA

U.S. offshore policy draws industry criticism

The United States can’t stay competitive in the offshore oil and gas market without incentives like reduced royalty rates, an industry trade group said. Going against policy recommendations, U.S. Interior Continue Reading

Posted On : 19 Apr 2018 Published By : Tom Whipple
Category:
  • Offshore
  • USA

Is Trump’s Offshore Drilling Plan A Disaster?

The Trump administration has had to rein in expectations for offshore oil drilling, with an aggressive sales pitch and boastful rhetoric mostly being met with tepid interest from the oil Continue Reading

Posted On : 17 Apr 2018 Published By : Tom Whipple
Category:
  • Offshore
  • Oil Supply
  • USA

U.S. Gulf of Mexico crude oil production to continue at record highs through 2019

U.S. Energy Information Administration, Short-Term Energy Outlook U.S. crude oil production in the Federal Gulf of Mexico (GOM) increased slightly in 2017, reaching 1.65 million b/d, the highest annual level Continue Reading

Posted On : 12 Apr 2018 Published By : Tom Whipple
Category:
  • Offshore
  • USA

Oil giants stay in their own backyards in U.S. auction

The Trump administration heralded the government’s sale last month of U.S. drilling leases in the Gulf of Mexico as a bellwether.  If that is the case, a Reuters analysis of Continue Reading

Posted On : 5 Apr 2018 Published By : Tom Whipple
Category:
  • Offshore
  • USA

Big Oil Shuns Unexplored Acreage In Largest U.S Oil & Gas Lease Sale

The world’s biggest oil companies preferred to bid on areas close to existing infrastructure and largely stayed out of unexplored acreage in last month’s lease sale in the Gulf of Continue Reading

Posted On : 5 Apr 2018 Published By : Tom Whipple
Category:
  • Offshore
  • USA

Oil giants stay in their own backyards in U.S. auction

The Trump administration heralded the government’s sale last month of U.S. drilling leases in the Gulf of Mexico as a bellwether. If that is the case, a Reuters analysis of Continue Reading

Posted On : 4 Apr 2018 Published By : Tom Whipple
Category:
  • Offshore
  • Shale Oil

Offshore Oil Closes In On Shale

Offshore crude oil extraction, including deepwater, is closing in on shale in terms of cost thanks to new production technologies, a senior Chevron executive said at an industry event, as Continue Reading

Posted On : 28 Mar 2018 Published By : Tom Whipple
Category:
  • Offshore

Trump Rollbacks Target Offshore Rules ‘Written With Human Blood’

A dozen miles off the coast, on a rusty, aging platform, workers in hard hats and overalls spend their days extracting oil and gas from the ocean floor before retreating Continue Reading

Posted On : 24 Mar 2018 Published By : Tom Whipple
Category:
  • Offshore
  • USA

Gulf Oil Sale No Turning Point for Offshore Drilling

The Trump administration’s efforts to jump-start offshore exploration got off to a weak start as a big auction of oil and gas leases in the Gulf of Mexico drew few Continue Reading

Posted On : 23 Mar 2018 Published By : Tom Whipple
Category:
  • Offshore
  • USA

Largest Gulf of Mexico Lease Sale In History Attracts Lukewarm Interest

The Interior Department’s U.S. Gulf of Mexico Lease Sale 250 attracted $139 million in bids concentrated in deepwater offshore Louisiana and others areas near the Mexican border, according to a Continue Reading

Posted On : 22 Mar 2018 Published By : Tom Whipple
Category:
  • Offshore
  • USA

Record-size U.S. offshore oil lease sale draws modest bidding

The largest lease sale in American history in the offshore Gulf of Mexico yielded $124.76 million dollars in winning bids on Wednesday, a modest response to the Trump administration’s effort Continue Reading

Posted On : 22 Mar 2018 Published By : Tom Whipple
Category:
  • Offshore
  • USA

BP On Schedule To Drill First Deepwater Mexican Well By 2020

BP will begin drilling for oil in a Mexican deepwater offshore block in two years, after its drilling plan was approved by Mexico’s oil and gas regulator, the National Hydrocarbons Continue Reading

Posted On : 22 Mar 2018 Published By : Tom Whipple
Category:
  • Offshore
  • USA

GoM Production, 2017 Summary

A Guest Post by George Kaplan 2017 was the highest producing year for oil in the GoM and included the record month in March. Gas, which has tended to come Continue Reading

Posted On : 22 Mar 2018 Published By : Tom Whipple
Category:
  • Offshore
  • USA

US offshore industry downplays importance of ‘bellwether’ Gulf sale

The Trump administration has dubbed Wednesday’s Gulf of Mexico oil and natural gas lease sale as the largest in US history and Interior Secretary Ryan Zinke has called it a Continue Reading

Posted On : 21 Mar 2018 Published By : Tom Whipple
Category:
  • Offshore
  • USA

Offshore Oil and Gas Operators Want Less Regulation, but Surprise Inspections Find Serious Safety Problems

An oil rig worker in 2006. An increase in lift-related accidents in the offshore drilling industry last year led to surprise inspections from Interior Department officials. Faced with questions about Continue Reading

Posted On : 19 Mar 2018 Published By : Tom Whipple
Category:
  • Offshore
  • USA

U.S. states slow Trump offshore oil drilling expansion plan

The Trump administration’s plan to broadly expand drilling in U.S. offshore waters is moving slowly due to opposition from coastal states and indifference from oil companies that have turned their Continue Reading

Posted On : 13 Mar 2018 Published By : Tom Whipple
Category:
  • Offshore
  • USA

New York governor requests to exclude state from offshore drilling program

New York Governor Andrew Cuomo on Friday said he had formally asked for the state to be excluded from a federal offshore drilling program that he said would threaten its Continue Reading

Posted On : 10 Mar 2018 Published By : Tom Whipple
Category:
  • Offshore
  • USA

API releases new estimates of OCS oil and gas benefits by region

The American Petroleum Institute released new studies showing potential economic benefits to states and communities along the Atlantic, Pacific, Alaskan, and eastern Gulf of Mexico portions of the US Outer Continue Reading

Posted On : 10 Mar 2018 Published By : Tom Whipple
Category:
  • Offshore
  • USA

Offshore drilling plan may put 2.6M jobs in jeopardy, conservation group says

President Donald Trump ‘s plan to open most of the coastal U.S. to offshore drilling jeopardizes at least 2.6 million jobs and almost $180 billion in the gross domestic product, Continue Reading

Posted On : 8 Mar 2018 Published By : Tom Whipple
Category:
  • Offshore
  • prices
  • USA

For many Republicans, Trump’s offshore drilling plan and beaches don’t mix

After waiting in the morning chill for other lawmakers to speak, state Rep. Nancy Mace finally took the microphone. She was the General Assembly’s newest member, only four weeks on Continue Reading

Posted On : 1 Mar 2018 Published By : Tom Whipple
Category:
  • Offshore

Democrats warn against cut to offshore oil royalties

Top Democrats on the Senate and House natural resources committees urged the Interior Department on Tuesday to drop a proposed cut to offshore oil and gas royalties, warning such a Continue Reading

Posted On : 28 Feb 2018 Published By : Tom Whipple
Category:
  • Offshore

Democrats call for renewed offshore safety program

The U.S. government should continue rigorous inspection of offshore oil and gas development, more than a dozen Democratic senators said. The Department of Interior was called on to continue a Continue Reading

Posted On : 24 Feb 2018 Published By : Tom Whipple
Category:
  • Arctic
  • Offshore

Offshore Oil Recovery Beginning in World’s Harshest Environments

The improved financial condition for explorers is now emboldening rig contractors to push for better pricing. (Bloomberg) — Explorers are once again testing the waters in their search for oil, Continue Reading

Posted On : 22 Feb 2018 Published By : Tom Whipple
Category:
  • Offshore
  • Shale Oil

In the deepwater vs shale oil contest, Shell backs both

Royal Dutch Shell will expand deepwater output and turn a profit from its shale production in coming years as both together will help the oil major cope with a world Continue Reading

Posted On : 21 Feb 2018 Published By : Tom Whipple
Category:
  • Offshore

Offshore Oil Is Poised For Significant Growth

Following three painful years of portfolio repositioning, cost cuts, and deferred projects, the offshore oil and gas industry is now more prepared to deliver projects and profits at lower costs Continue Reading

Posted On : 19 Feb 2018 Published By : Tom Whipple
Category:
  • France
  • Offshore

Total takes slice of Chevron oil find in the Gulf of Mexico

A French energy company said it was setting a deeper footprint in the U.S. waters of the Gulf of Mexico by taking a minority stake in a Chevron-controlled field. For Continue Reading

Posted On : 25 Jan 2018 Published By : Tom Whipple
Category:
  • Offshore
  • Shale Oil

Offshore could be beating U.S. shale

 Some offshore developments outside of North America may be gaining a competitive edge over U.S. shale, sector analysis found. U.S. shale oil developments are expected to push total U.S. production Continue Reading

Posted On : 24 Jan 2018 Published By : Tom Whipple
Category:
  • Offshore
  • USA

Trump Would Open Nearly All U.S. Waters to Drilling. But Will They Drill?

The Trump administration’s move to open nearly all of America’s coastal waters to offshore oil and gas drilling would give energy companies access to more than a billion acres off Continue Reading

Posted On : 24 Jan 2018 Published By : Tom Whipple
Category:
  • Offshore
  • USA

Trump’s Offshore Drilling Plan Is A Slippery Slope

The Trump Administration has offered to open more than 90 percent of the federal Outer Continental Shelf (OCS) for consideration of future exploration and development. The proposal is in stark Continue Reading

Posted On : 23 Jan 2018 Published By : Tom Whipple
Category:
  • Offshore

Senior Interior Dept. Official Says Florida Still On Trump’s Draft Drilling Plan

A senior official from the Interior Department (DOI) said Florida was still under official consideration for offshore drilling, despite an announcement by Secretary Ryan Zinke last week stating that the state would Continue Reading

Posted On : 20 Jan 2018 Published By : Tom Whipple
Category:
  • Offshore
  • USA

Florida waters remain in Trump’s five-year oil, gas leasing plan, for now: BOEM

Federal waters off Florida’s coast remain in the Trump administration’s draft proposed offshore oil and gas leasing plan, the acting head of the agency that developed the plan said Friday. Continue Reading

Posted On : 20 Jan 2018 Published By : Tom Whipple
Category:
  • Offshore

Florida Democrat plays hardball on Trump’s offshore drilling plan

A Florida senator at the heart of the pushback on President Trump’s offshore drilling plans said he was blocking federal appointments in a move for clarity. U.S. Sen. Bill Nelson, Continue Reading

Posted On : 19 Jan 2018 Published By : Tom Whipple
Category:
  • Offshore

BP’s $60 Billion Gulf Spill Tab Rises as Lawsuits Wind Down

Company expects $1.7 billion charge in fourth-quarter results Payments from deadly accident now seen at $3 billion for 2018 BP Plc raised the amount it will pay this year for Continue Reading

Posted On : 16 Jan 2018 Published By : Tom Whipple
Category:
  • Offshore

So what exactly are the offshore drilling plans, Florida senator asks

A Florida senator at the center of the debate over offshore drilling under the Trump administration said the Interior Department’s latest plans lack clarity. “The public has a right to Continue Reading

Posted On : 12 Jan 2018 Published By : Tom Whipple
Category:
  • Offshore
  • USA

Senators from 12 states seek offshore drilling exemptions like Florida’s

Twenty-two Democratic U.S. senators from 12 states on Thursday joined the chorus of local representatives seeking exemptions from Interior Secretary Ryan Zinke’s newly proposed offshore drilling plan, after his surprise Continue Reading

Posted On : 12 Jan 2018 Published By : Tom Whipple
Category:
  • Offshore
  • USA

Coastal States Protest Trump’s Offshore Drilling Plan

Less than a week after the Trump Administration proposed to open almost the entire U.S. coast to oil and gas drilling, Secretary of the Interior Ryan Zinke backtracked and took Continue Reading

Posted On : 12 Jan 2018 Published By : Tom Whipple
Category:
  • Offshore
  • USA

Decision to exempt Florida from offshore drilling prompts bipartisan uproar

The Trump administration’s decision to exempt Florida from expanded offshore drilling kicked off a frenzy Wednesday in other coastal states, with governors from both political parties asking: Why not us? Continue Reading

Posted On : 11 Jan 2018 Published By : Tom Whipple
Category:
  • Offshore
  • USA

Trump’s Plan Makes 65 Billion BOE Available For Drilling

Rystad Energy expects the Trump administration’s new oil and gas leasing plan to make 65 billion barrels of oil equivalent newly available to fossil fuel exploration and production companies, according Continue Reading

Posted On : 11 Jan 2018 Published By : Tom Whipple
Category:
  • Offshore
  • USA

After Florida, more states press U.S. for offshore drilling exemptions

Governors and other officials from several U.S. coastal states ramped up pressure on the Trump administration on Wednesday to exempt their waters from an offshore drilling plan, hours after the Continue Reading

Posted On : 11 Jan 2018 Published By : Tom Whipple
Category:
  • Offshore
  • USA

Pulling Florida from offshore oil and gas plans called a political stunt

Florida Gov. Rick Scott said getting Florida off of President Donald Trump ‘s oil and gas plan was a hard fought battle, though some critics said it smacked of political Continue Reading

Posted On : 11 Jan 2018 Published By : Tom Whipple
Category:
  • Offshore
  • USA

Trump administration bars oil drilling off Florida after governor’s plea

President Donald Trump’s administration will not allow drilling for oil and gas off the coast of Florida after urging from the state’s governor, Interior Secretary Ryan Zinke said on Tuesday. Continue Reading

Posted On : 10 Jan 2018 Published By : Tom Whipple
Category:
  • Offshore

How a Coal Baron’s Wish List Became President Trump’s To-Do List

President Trump’s first year in office has been a boon for the coal industry, with the Trump administration rolling back regulations on coal-fired power plants and withdrawing the United States Continue Reading

Posted On : 10 Jan 2018 Published By : Tom Whipple
Category:
  • Offshore
  • USA

Trump’s Offshore Plan Unlikely To Spark Drilling Rush

Last week, the Trump Administration proposed the most aggressive U.S. offshore oil and gas drilling plan since the Reagan Administration, offering to open more than 90 percent of the federal Continue Reading

Posted On : 10 Jan 2018 Published By : Tom Whipple
Category:
  • Offshore
  • USA

Oil Companies Respond Slow To New U.S. Lease Plan

Analysts are saying that the oil and gas industry’s response to the Trump administration’s announcement last week—that almost all of the U.S. continental shelf may soon be open for drilling Continue Reading

Posted On : 9 Jan 2018 Published By : Tom Whipple
Category:
  • Offshore
  • USA

U.S. offers drillers nearly all offshore waters, but focus is on eastern Gulf

President Donald Trump’s administration has proposed opening up nearly all of America’s offshore waters to oil and gas drilling, but the industry says it is mainly interested in one part Continue Reading

Posted On : 9 Jan 2018 Published By : Tom Whipple
Category:
  • Offshore
  • USA

Trump Proposes Most Aggressive Offshore Drilling Plan Ever

The Trump administration just proposed the most sweeping offshore drilling plan in history, a proposal that calls for opening up the Arctic, Atlantic and Pacific Oceans for drilling, while also Continue Reading

Posted On : 8 Jan 2018 Published By : Tom Whipple
Category:
  • Offshore
  • USA

Pacific Coast, Florida Oppose Offshore Oil Drilling Plan

The governors of California, Oregon, and Washington, as well as Florida’s Republican governor, are opposing the U.S. Department of the Interior’s plan to open more than 90 percent of the Continue Reading

Posted On : 6 Jan 2018 Published By : Tom Whipple
Category:
  • Offshore
  • USA

Will Oil Majors Really Sink Money Into America’s Waters?: Gadfly

There are two big complications when it comes to capitalizing on America’s federal waters. (Bloomberg Gadfly) — Energy dominance begins at home, and that includes any beachfront property you might Continue Reading

Posted On : 6 Jan 2018 Published By : Tom Whipple
Category:
  • Offshore
  • USA

Trump administration aims to open nearly all U.S. offshore to oil drilling

The Trump administration on Thursday proposed opening nearly all U.S. offshore waters to oil and gas drilling, a move aimed at boosting domestic energy production that sparked protests from coastal Continue Reading

Posted On : 5 Jan 2018 Published By : Tom Whipple

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