Mexico

Lower Tertiary’s Walker Ridge Grabs Top Bid in MMS Lease Sale

The Walker Ridge in the Lower Tertiary of the deepwater Gulf of Mexico (GOM), which may — or may not — hold vast amounts of oil and natural gas reserves, captured the highest bid for a block in the Minerals Management Service’s (MMS) Central GOM sale on Wednesday.

October 4, 2007

Industry Brief

Enterprise Products Partners LP said production through the Independence Hub natural gas platform in the deepwater Gulf of Mexico has reached 440 MMcf/d from nine wells. As the initial 15 wells are brought on-line, producers expect that production at Independence Hub will reach its capacity of 1 Bcf/d by the end of the year. Located in 8,000 feet of water on Mississippi Canyon Block 920, approximately 123 miles southeast of Biloxi, MS, Independence Hub is in the deepest waters in which a production platform has ever been installed and also is the world’s largest offshore gas processing facility. Installation was completed earlier this year (see Daily GPI, March 9). The project is backed by the Atwater Valley Producers Group, which consists of Anadarko Petroleum Corp., Devon Energy Corp., Eni and Hydro, along with the owners of the Independence Hub, Enterprise and Helix Energy Solutions Group Inc. First gas was achieved on schedule and within budget, the group said in March. The project is seen as a blueprint for future deepwater exploration (see Daily GPI, Oct. 23, 2006).

October 3, 2007

BP Prioritizes Thunder Horse, Atlantis GOM Projects

BP plc, the largest acreage holder in the deepwater Gulf of Mexico (GOM), will postpone some of its big projects offshore to concentrate on completing the long-delayed Thunder Horse and Atlantis subsea structures.

September 17, 2007

BP Said to Prioritize Thunder Horse, Atlantis GOM Projects

BP plc, the largest acreage holder in the deepwater Gulf of Mexico (GOM), will postpone some of its big projects offshore to concentrate on completing the long-delayed Thunder Horse and Atlantis subsea structures, the Financial Times (FT) reported late Wednesday.

September 14, 2007

Category 5 Hurricane Could Cause $65B in Damages, Lost Output

A Category 5 hurricane that passes through the heart of Gulf of Mexico energy platforms could cause producer damage and output losses of more than $65 billion, according to an expert on extreme-risk modeling.

September 10, 2007

Independence Hub on Track to Hit 1 Bcf/d Target by Year’s End

One-third of the 15 natural gas subsea wells served by the new Independence Hub platform in the deepwater Gulf of Mexico (GOM) are flowing at a rate of 210-250 MMcf/d, and in the coming months output from more wells secured to the hub will combine to achieve a 1 Bcf/d capacity goal by the end of the year, a trio of energy executives said last week.

September 10, 2007

Independence Hub Predicted to Hit 1 Bcf/d Target by Year’s End

One-third of the 15 natural gas subsea wells served by the new Independence Hub platform in the deepwater Gulf of Mexico (GOM) are flowing at a rate of 210-250 MMcf/d, and in the coming months output from more wells secured to the hub will combine to achieve a 1 Bcf/d capacity goal by the end of the year, energy executives said this week.

September 7, 2007

Category 5 Hurricane Could Cause $65B in Damages, Lost Output

A Category 5 hurricane that passes through the heart of Gulf of Mexico energy platforms could cause producer damage and losses of more than $65 billion, says an expert on extreme-risk modeling.

September 6, 2007

Industry Brief

EnCana Oil & Gas (USA) Inc. settled a lawsuit brought by a New Mexico man who was burned in an explosion at the Lisbon Valley natural gas plant in 2004 (see Daily GPI, Aug. 30). Details were to be confidential. Following six days of testimony in a jury trial in U.S. District Judge Paul Cassell’s courtroom in Salt Lake City, the EnCana subsidiary on Aug. 27 was found 100% liable for Michael Melton’s injuries. The jury was determining compensatory damages and a possible punitive judgment against EnCana when the private settlement was reached late Thursday. When Melton was injured in 2004, the plant was owned by Denver-based Tom Brown Inc. (TBI), which was bought by Calgary-based EnCana Corp. (see Daily GPI, April 16, 2004). TBI’s operations were merged with those of EnCana Oil & Gas (USA) in 2005.

September 4, 2007

Jury Considering Damages in Utah Gas Plant Fire

A Salt Lake City jury on Wednesday was determining how much EnCana Oil & Gas (USA) Inc. should pay to compensate a New Mexico man who was burned in a natural gas plant explosion in 2004. Following six days of testimony, the EnCana subsidiary on Monday was found 100% liable for the subcontractor injuries.

August 30, 2007