offshore drilling

A start on additions to oil production offshore Newfoundland topped the 2023 growth agenda prompting a 50% budget increase for 2023 by Calgary-based Cenovus Energy Inc. Spending would jump to C$600-700 million ($450-525 million) in 2023 to begin work on a new platform and drilling, dubbed West White Rose, 180 miles east of Newfoundland’s capital,…

Cybersecurity risks to offshore oil and natural gas facilities such as those from state actors and cyber criminals are on the rise. In a new report, the U.S. Government Accountability Office (GAO) said the federal government has identified the oil and gas sector as a target of malicious state actors. Exploration and production (E&P) operations…

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…

Another week of expansion in the oil patch, led by the Permian Basin, lifted the U.S. rig count five units higher to 533 for the week ended Friday, according to the latest figures published by Baker Hughes Co. (BKR). Natural gas-directed drilling went unchanged for the period, while the addition of five oil-directed rigs put…

U.S. independent Murphy Oil Corp. is advancing plans to drill in waters on the Mexican side of the Gulf of Mexico (GOM) next year. Management said earlier this month the company is progressing permitting and regulatory approvals to drill at the Tulum prospect in Block 5 of the Salina Basin. CEO RogerJenkins said during Murphy’s…

With Gulf of Mexico (GOM) activity accelerating throughout both U.S. and Mexico waters, Australia’s BHP has given its stamp of approval to spend $258 million to advance the front-end engineering design phase for the Trion project in Mexico’s deepwater. Studies would be centered on completing engineering and commercial arrangements toward potentially sanctioning the project by…

Natural gas and oil opportunities in the deepwater Gulf of Mexico (GOM) look to be expanding, with Tulsa-based Williams preparing to take advantage. The midstream giant, which already has substantial GOM infrastructure, recently clinched an agreement to gather and transport natural gas from the Shenandoah development underway in the deepwater. The agreement is with Beacon…

Fieldwood Energy LLC confirmed Monday that one person was fatally injured on Saturday (May 15) at the Eugene Island 158 No. 14 facility in the Gulf of Mexico (GOM).  The unmanned platform is 50 miles south of Marsh Island, LA.  The unidentified contractor was involved in a “nonemergency casing pressure test on a shut-in well,”…

BP plc said it has struck oil at the Puma West prospect offshore Louisiana near its Mad Dog platform in the deepwater Gulf of Mexico (GOM).  The well in Green Canyon Block 821 was drilled by BP, operator and owner of the block, on behalf of co-owners Chevron U.S.A. Inc. and Talos Energy Inc., each…