Gulf Of Mexico

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
Activist Groups Seeking to Nullify November’s GOM Oil, Gas Lease Sale

Activist Groups Seeking to Nullify November’s GOM Oil, Gas Lease Sale

The federal oil and gas auction held last month for tracts in the Gulf of Mexico (GOM) is being challenged by activist groups that are seeking “any and all communications” regarding the sale since President Biden took office in January. Lease Sale 257, the eighth offshore auction and first in a year, was overseen last…

December 20, 2021
Shell’s Perdido Yields Yet Another Deepwater Discovery

Shell’s Perdido Yields Yet Another Deepwater Discovery

The plethora of oil and natural gas discoveries in the rich Perdido thrust belt of the deepwater Gulf of Mexico (GOM) has yielded yet another discovery for Royal Dutch Shell plc. Houston-based Shell Offshore Inc. made a “material discovery at the Blacktip North prospect” in U.S. waters. The well encountered about 300 feet net oil…

December 14, 2021
Deepwater GOM Draws Biggest Bids, but Shallow Water Floats ExxonMobil’s Boat in BOEM Auction

Deepwater GOM Draws Biggest Bids, but Shallow Water Floats ExxonMobil’s Boat in BOEM Auction

A federal auction for oil and natural gas leases in the Gulf of Mexico (GOM) drew more participants and money than a year ago, but the Biden administration, under court order to hold the sale, pledged that changes still would be made. Lease Sale 257, the eighth offshore auction and first in a year, was…

November 17, 2021
Natural Gas Drilling Picks Up in U.S. as Activity Climbs Onshore and in GOM

Natural Gas Drilling Picks Up in U.S. as Activity Climbs Onshore and in GOM

The U.S. natural gas rig count rose two units to 102 for the week ended Friday (Nov. 12) as gains both on land and offshore headlined continued gains in domestic drilling activity for the period, the latest Baker Hughes Co. (BKR) data show. Four oil-directed rigs were also added in the United States for the…

November 12, 2021
BP Riding to Higher Offshore Oil, Gas Output with Thunder Horse Expansion

BP Riding to Higher Offshore Oil, Gas Output with Thunder Horse Expansion

BP plc’s largest production and drilling platform in the Gulf of Mexico (GOM), Thunder Horse, has ramped up an expansion project to boost deepwater output by up to 25,000 boe/d. The Thunder Horse South Expansion Phase 2 project, with an initial two-well tie-back, added a subsea drill center roughly two miles from the main platform,…

October 1, 2021
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