Devon Energy Corp.’s exit from the Gulf of Mexico last year and the recent sale of its Brazilian assets in order to focus on North American onshore drilling have begun to pay significant dividends for the Oklahoma City-based independent, including record high North American onshore production, CEO John Richels said Wednesday.
Mexico
Articles from Mexico
Bromwich Blasts IHS CERA Report on GOM Progress
A report last month by IHS CERA/IHS Global Insight blaming Department of Energy (DOE) regulators for delays in processing drilling permits in the Gulf of Mexico is incomplete, lacks an explanation of its methodology, and contains “a number of inaccurate and misleading claims,” according to DOE’s Michael Bromwich.
August 4, 2011
Chevron Gets Back to Business in the GOM
“All three” of Chevron Corp.’s deepwater rigs in the Gulf of Mexico (GOM) are currently working, and two more rigs are expected to arrive before the end of the year, which will help the company to recover a “lost year of production,” the company’s upstream chief said Friday.
August 1, 2011
Chevron Gets Back to Business in the GOM
“All three” of Chevron Corp.’s deepwater rigs in the Gulf of Mexico (GOM) are currently working, and two more rigs are expected to arrive before the end of the year, which will help the company to recover a “lost year of production,” the company’s upstream chief said Friday.
August 1, 2011
Baker Hughes: Service Intensity Per Rig Increasing
Driven by sustained intensity in the U.S. onshore and a slow recovery in the Gulf of Mexico (GOM), the domestic rig count should average 1,850 in 2011, which would be 20% higher than in 2010, Baker Hughes Inc. said Monday.
July 26, 2011
Western GOM Lease Sale Planned
A Gulf of Mexico (GOM) lease sale that was delayed by the Macondo well blowout last year is back on the calendar for December, the head of the Bureau of Ocean Energy Management, Regulation and Enforcement (BOEM) said last week.
July 20, 2011
Energy Jobs Picture Improves as GOM Moratorium Lifted
More than 60,000 jobs have been lost in the Gulf of Mexico (GOM) region since 2008 due to the deepwater oil and natural gas moratorium and sluggish pace of new drilling permits in the area, but 190,000 jobs could be created by 2013 for a total of nearly 430,000 industry-supported jobs nationwide if permitting returns to historic levels and backlogged projects are processed, said a new study by two producer groups.
July 18, 2011
Study Sees Strong Gulf Employment If Permitting Picks Up
More than 60,000 jobs have been lost in the Gulf of Mexico region since 2008 due the deepwater oil and natural gas moratorium and sluggish pace of new drilling permits in the area, but 190,000 jobs could be created by 2013 for a total of nearly 430,000 industry-supported jobs nationwide if permitting returns to historic levels and backlogged projects are processed, said a new study by two producer groups
July 12, 2011
Gulf of Mexico Plunges in Ranks of Attractive Investments
In the wake of the Macondo well blowout in the Gulf of Mexico (GOM), the region has become significantly less attractive for gas and oil investment , according to the Fraser Institute’s Global Petroleum Survey 2011 of energy executives.
July 5, 2011
Gulf of Mexico Plunges in Ranks of Attractive Investments
In the wake of the Macondo well blowout in the Gulf of Mexico (GOM), the region has become significantly less attractive for gas and oil investment , according to the Fraser Institute’s Global Petroleum Survey 2011 of energy executives.
July 4, 2011
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