Deepwater

Big Foot’s Ramp in Deepwater GOM Adding to U.S. Oil, Natural Gas Stores

Big Foot’s Ramp in Deepwater GOM Adding to U.S. Oil, Natural Gas Stores

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).

November 26, 2018

BP’s Thunder Horse Expansion Online Ahead of Schedule, Under Budget

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.

October 18, 2018

Murphy, Petrobras to Jointly Prospect in GOM Deepwater

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).

October 11, 2018
Mexico Needs to Unlock Unconventionals, Deepwater to Reverse Production Declines

Mexico Needs to Unlock Unconventionals, Deepwater to Reverse Production Declines

Mexico must unlock its deepwater and unconventional hydrocarbon resources to reverse a decade-and-a-half trend of declining output, according to hydrocarbons undersecretary Aldo Flores.

October 1, 2018
GOM Auction Draws Fewer Bidders, Better Offers, with $26M Hess Bid in Mississippi Canyon

GOM Auction Draws Fewer Bidders, Better Offers, with $26M Hess Bid in Mississippi Canyon

Potential operators bid on less than 1% of the offshore blocks offered for auction in the federal Gulf of Mexico (GOM) Lease Sale 251 completed on Wednesday, but while muted, total high bids eclipsed offers in the March sale.

August 15, 2018

Global Offshore Resurgence On Beat to Surpass 2017, Onshore Developments Also Strong

Up to 200 oil and gas projects worldwide could be approved by year’s end, lifted by a resurgence in offshore activity and better execution, analyst teams said this week.

August 15, 2018

Talos Mississippi Canyon Well in Deepwater Ramps Near Top of Guidance, Ahead of Schedule

Houston-based Talos Energy Inc. said its Mount Providence well in the Gulf of Mexico deepwater has begun producing about two months ahead of schedule, with current gross production of 3,850 boe/d — near the top of guidance.

July 19, 2018
Pemex Well to Test Reach of Mexico’s Offshore Zama Discovery

Pemex Well to Test Reach of Mexico’s Offshore Zama Discovery

Petroleos Mexicanos (Pemex) plans to drill a test well later this year for the offshore Zama reservoir, a private sector-led discovery that may overlap with a neighboring block controlled by the state oil company.

May 25, 2018
Offshore Natural Gas Discoveries, Production Overtaking Oil

Offshore Natural Gas Discoveries, Production Overtaking Oil

In a world were unconventional production has become the market mover, natural gas production is making strides in the offshore, growing by almost 30% in the past decade to more than 1,000 bcm/year (35,314 Bcf), according to the International Energy Agency (IEA).

May 7, 2018

Trump Administration Proposes Scaling Back Macondo-Era Well Control Rule

Landmark offshore drilling safety rules put in place following the tragic Macondo well blowout in 2010 may be rolled back by the Trump administration.

April 30, 2018