Gulf Of Mexico

Permian, GOM Lead Surge in U.S. Drilling Activity in Updated BKR Count

Permian, GOM Lead Surge in U.S. Drilling Activity in Updated BKR Count

Driven by strong growth in the Permian Basin and in the Gulf of Mexico (GOM), the U.S. rig count surged nine units higher to 779 for the week ended Nov. 11, oilfield services provider Baker Hughes Co. (BKR) reported Friday. Oil-directed drilling accounted for the entirety of the domestic gains for the period, as the…

November 14, 2022
Talos Expanding Deepwater GOM Reach with EnVen

Talos Expanding Deepwater GOM Reach with EnVen

Talos Energy Inc. plans to acquire privately held deepwater Gulf of Mexico (GOM) operator EnVen Energy Corp. in a $1.1 billion deal, the Houston-based independent said. The acquisition, slated to close by the end of the year would expand the company’s production by 40% and gross acreage by 35%. The buy would give Talos another…

September 29, 2022
Louisiana Offshore Natural Gas, Oil Industry Hub Monitoring Marine Emissions in Real-Time

Louisiana Offshore Natural Gas, Oil Industry Hub Monitoring Marine Emissions in Real-Time

Port Fourchon, a logistics hub near Leeville, LA, serving the Gulf of Mexico oil and natural gas industry, plans to expand its use of advanced marine emissions monitoring technology, facility owner and operator Greater Lafourche Port Commission (GLPC) reported earlier this month. GLPC has partnered with SailPlan, a maritime transportation emissions tracking firm, to deploy…

August 29, 2022
September Natural Gas Pulls Back as Traders Continue Assessing Balances Following GOM Outage

September Natural Gas Pulls Back as Traders Continue Assessing Balances Following GOM Outage

Natural gas futures reversed lower early Friday as traders and analysts continued to assess balances following the latest government inventory data and in the wake of a disruption to Gulf of Mexico (GOM) production volumes. After surging 67.2 cents higher in the previous session, the September Nymex contract was off 16.4 cents to $8.710/MMBtu as…

August 12, 2022
GOM’s Proposed Offshore Wind Projects Showcase Growth in Traditional Natural Gas, Oil Basin

GOM’s Proposed Offshore Wind Projects Showcase Growth in Traditional Natural Gas, Oil Basin

The Department of Interior’s (DOI) Bureau of Ocean Energy Management (BOEM) has identified two sites in the Gulf of Mexico (GOM) that could support offshore wind development in an area that has long been one of the major natural gas and oil breadbaskets.  The largest of the two proposed wind energy areas (WEA) spans 546,645…

July 25, 2022
GOM Natural Gas Production Seen Falling for Fourth Straight Year in 2023

GOM Natural Gas Production Seen Falling for Fourth Straight Year in 2023

Natural gas production in the U.S. Gulf of Mexico (GOM) is expected to decline for a fourth straight year in 2023, according to Energy Information Administration (EIA) analysts. GOM gas output is forecast to average 2.1 Bcf/d in 2023, down 0.1 Bcf/d from the expected total in 2022, said EIA analysts James Easton, Kirby Lawrence…

June 24, 2022
Ballyhooed U.S. Deepwater Oil, Gas Prospect Set to Sail, Say Chevron, TotalEnergies

Ballyhooed U.S. Deepwater Oil, Gas Prospect Set to Sail, Say Chevron, TotalEnergies

The Ballymore oil and natural gas project in the deepwater Gulf of Mexico (GOM), which would be developed using a three-mile subsea tieback to reduce costs, has gotten a thumb’s up to proceed.  The Mississippi Canyon prospect, with design capacity of 75,000 b/d of crude oil, would be tied back to the Chevron-operated Blind Faith…

May 19, 2022
Colorado State Meteorologists Calling for Above-Average Hurricane Season

Colorado State Meteorologists Calling for Above-Average Hurricane Season

Colorado State University (CSU) meteorologists are forecasting an above-average hurricane season in the Atlantic basin this season, citing the unlikelihood of a significant El Niño weather pattern. “We anticipate an above-average probability for major hurricanes making landfall along the continental United States coastline and in the Caribbean,” said CSU forecasters Philip Klotzbach and Michael Bell.…

April 11, 2022
Oxy’s Hollub says More Capital Needed to Sustain Production in 2022

Oxy’s Hollub says More Capital Needed to Sustain Production in 2022

Occidental Petroleum Corp. will need to spend more capital in 2022 to maintain oil production at 2021 levels, CEO Vicki Hollub said. Hollub discussed the plans of Occidental, better known as Oxy, during a conference call to discuss fourth-quarter results. Houston-based Oxy is one of the largest U.S. oil producers, with a leading footprint in…

March 3, 2022
API Challenging Court’s Decision to Nullify GOM Oil, Natural Gas Auction

API Challenging Court’s Decision to Nullify GOM Oil, Natural Gas Auction

The American Petroleum Institute (API) is appealing a federal court ruling that invalidated the results of last November’s Gulf of Mexico (GOM) oil and gas lease sale, calling the decision “misguided.” U.S. District Judge Rudolph Contreras of the District of Columbia (DC) invalidated Lease Sale 257, which was the only federal auction held in 2021…

February 9, 2022
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