Deepwater

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.

Murphy Oil Corp. on Tuesday said it has snapped up producing deepwater Gulf of Mexico (GOM) assets from units of LLOG Exploration Co. for $1.375 billion.

Royal Dutch Shell plc has agreed to sell to Israeli-based Delek Group Ltd. its stakes in the producing Caesar-Tonga field in the deepwater Gulf of Mexico (GOM) for $965 million.

The coming year appears to be a turnaround for the U.S. Gulf of Mexico (GOM), as drilling increases for the first time in four years and more projects are sanctioned.

Midstream operators are trying to capitalize on the rapidly growing interest in deepwater port crude oil export capabilities along the Gulf Coast with two separate pipeline projects that could be capable of transporting more than 1.5 million bbl combined.

The deepwater oil and gas industry has come out of its sustained downturn, but it now faces impending cyclical cost inflation that could wreak havoc on its work to cut expenses, according to Wood Mackenzie.

Chevron Corp.’s Big Foot deepwater project in the Gulf of Mexico (GOM), which ramped up earlier this month, is expected to not only produce copious oil but be a substantial contributor to domestic natural gas stores, according to the Energy Information Administration (EIA).

A major oil and natural gas project expansion in the deepwater Gulf of Mexico (GOM) has ramped up four months ahead of schedule and 15% under budget, BP plc said Thursday.

Murphy Oil Corp. has formed a pact with a unit of Brazil’s Petróleo Brasileiro SA, aka Petrobras, to build a substantial outpost in the U.S. Gulf of Mexico (GOM).