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Natural Gas Futures, Cash Prices Fall as Ida Slashes Demand; Storm Tees Up ‘Tame September’

Natural Gas Futures, Cash Prices Fall as Ida Slashes Demand; Storm Tees Up ‘Tame September’

Though still early for a full assessment of former Hurricane Ida, natural gas futures traders on Monday focused squarely on the destruction of natural gas demand brought about by the catastrophic Category 4 storm. The October Nymex gas futures contract, on its first day in the prompt position, settled at $4.305, off 8.3 cents from…

August 30, 2021

Offshore BOP, Well Control Regulations Finalized

The Department of Interior’s Bureau of Safety and Environmental Enforcement (BSEE) on Thursday issued final regulations covering blowout preventer (BOP) systems and well control, which officials said would reduce unnecessary regulatory burdens.

May 2, 2019

Interior Loosens Post-Macondo Oil, Gas Safety Rules

The Department of Interior on Friday finalized revamped rules covering oil and natural gas activities on the Outer Continental Shelf, revising or eliminating many of the drilling safeguards put in place following the tragic Macondo well blowout in 2010.

September 28, 2018

BSEE Proposes Amending Offshore Drilling Safety Rules

The Trump administration is proposing to amend offshore drilling safety rules promulgated during the Obama era, saying that the changes could save the oil and natural gas industry at least $228 million over the next decade.

December 29, 2017

Eni Wins BSEE Approval, Could Begin Beaufort Sea Drilling in December

Starting next month, a subsidiary of Italy’s Eni SpA could begin drilling up to four exploratory wells from an artificial island in the Beaufort Sea, after the Interior Department’s Bureau of Safety and Environmental Enforcement (BSEE) approved the company’s application to drill.

November 29, 2017

GOM NatGas, Oil Output Still Ramping Up Post Nate

More than half of the current oil production and 46% of the natural gas output from the Gulf of Mexico (GOM) remained shut in Tuesday in the wake of Hurricane Nate.

October 10, 2017

GOM Shut-Ins Lessen in Wake of Tropical Storm Cindy

What had been Tropical Storm Cindy Wednesday made landfall and weakened Thursday, downgraded to a tropical depression, and oil and natural gas operators that had taken precautionary measures in the Gulf of Mexico (GOM) prior to the storm were returning to work in its wake.

June 22, 2017

Oil, NatGas Shut-Ins Begin as TS Cindy Bears Down on Gulf Coast

Workers have been evacuated from one rig and 40 production platforms in the Gulf of Mexico (GOM) and a total of 301,618 b/d of oil has been shut in as Tropical Storm (TS) Cindy continues its slow course toward the Gulf Coast, the Bureau of Safety and Environmental Enforcement (BSEE) said Wednesday afternoon.

June 21, 2017

BSEE Extends Time for Operators to Retain Offshore Federal Leases

The Interior Department’s Bureau of Safety and Environmental Enforcement (BSEE) last Friday doubled the amount of time that oil and natural gas operators have to coordinate operations and retain their leases in federal waters of the Outer Continental Shelf (OCS).

June 12, 2017

Former Louisiana Regulator Scott Angelle to Lead BSEE

The Trump administration has appointed a former Louisiana regulator and political veteran to head the Department of Interior’s (DOI) Bureau of Safety and Environmental Enforcement (BSEE).

May 22, 2017
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