Offshore

Pemex Fire, Hurricane Ida Dent OPEC Supply Forecast as Oil Demand Gathers Momentum

Pemex Fire, Hurricane Ida Dent OPEC Supply Forecast as Oil Demand Gathers Momentum

Two events in the Gulf of Mexico have dented the latest 2021 supply forecast by the Organization of the Petroleum Exporting Countries (OPEC). In the cartel’s latest Monthly Oil Market Report (MOMR), oil supply outside of the OPEC countries for 2021 was revised lower by 0.17 million b/d from the previous forecast because of a…

September 20, 2021
Shell Says ‘Significant’ Damage from Ida Pummels Oil, Gas Services in Deepwater GOM

Shell Says ‘Significant’ Damage from Ida Pummels Oil, Gas Services in Deepwater GOM

An offshore oil and natural gas complex in the deepwater Gulf of Mexico (GOM) is likely to be offline for repairs for months because of damage inflicted by Hurricane Ida, Royal Dutch Shell plc said Monday. A “comprehensive damage assessment” was conducted by Shell Offshore Inc. following Ida, which stormed through the GOM at the…

September 20, 2021
Cenovus, Murphy and Suncor Look to Revive Production Offshore Newfoundland

Cenovus, Murphy and Suncor Look to Revive Production Offshore Newfoundland

The Canadian oil and gas industry recovery gained steam in Newfoundland Wednesday with a commitment to restart a mothballed Grand Banks production platform and the revival of an expansion for a second North Atlantic site. Cenovus Energy Inc., Murphy Oil Corp. and Suncor Energy Inc. are planning an ownership overhaul to begin a 10-year asset…

September 14, 2021
Talos Working with Authorities to ID Owner of Leaking GOM Oil Pipeline

Talos Working with Authorities to ID Owner of Leaking GOM Oil Pipeline

Talos Energy Inc. is working with state and federal authorities to identify the owner of an oil pipeline that appears to be leaking in Louisiana state waters. The Houston-based independent exploration and production (E&P) company on Tuesday said it continued to lead the efforts to contain and control the oil release, which likely occurred following…

September 8, 2021
Wyoming Groups Aiming to Speed Up Resumption of Federal Oil, Natural Gas Leasing

Wyoming Groups Aiming to Speed Up Resumption of Federal Oil, Natural Gas Leasing

Wyoming’s two main oil and gas trade groups are seeking to expedite the resumption of oil and gas leases on federal property by the Department of the Interior (DOI). In a merits brief filed Aug. 30 in Wyoming District Court, the Western Energy Alliance and the Petroleum Association of Wyoming (PAW) allege that DOI is…

September 8, 2021
Talos Aiming to ‘Redefine’ Core Oil, Natural Gas Skills to Build CCS Projects on Gulf Coast

Talos Aiming to ‘Redefine’ Core Oil, Natural Gas Skills to Build CCS Projects on Gulf Coast

The world’s energy majors are playing an outsized role to reduce carbon emissions, but huge opportunities exist for the independents to build sustainable and substantial portfolios that mesh with their oil and gas skill sets, according to Talos Energy Inc. CEO Timothy Duncan.  Duncan spoke at the recent Offshore Technology Conference in Houston. The independent…

August 26, 2021
Pemex CEO Says Production Partially Restored After Fatal Offshore Fire, as Two Workers Remain Missing

Pemex CEO Says Production Partially Restored After Fatal Offshore Fire, as Two Workers Remain Missing

Mexican state oil company Petróleos Mexicanos (Pemex) had restored 71,000 b/d of the roughly 421,000 b/d of oil production knocked offline by a fatal offshore platform fire as of Tuesday evening, according to CEO Octavio Romero Oropeza. In a video message posted late Tuesday night, Romero said Pemex expected to restore an additional 110,000 b/d…

August 25, 2021
Pemex Gulf of Mexico Platform Fire Leaves Five Dead, Two Missing

Pemex Gulf of Mexico Platform Fire Leaves Five Dead, Two Missing

Petróleos Mexicanos (Pemex) CEO Octavio Romero Oropeza said five people died and two people remained missing as of Monday afternoon following a fire on the E-Ku-A2 platform in the Gulf of Mexico. The incident occurred Sunday afternoon in the Ku, Maloob and Zaap (KMZ) megafield. Oropeza said an investigation was underway to determine its cause.…

August 23, 2021
Five People Dead, Two Missing in Pemex Gulf of Mexico Platform Fire

Five People Dead, Two Missing in Pemex Gulf of Mexico Platform Fire

Petróleos Mexicanos (Pemex) CEO Octavio Romero Oropeza said five people died and two people remained missing as of Monday afternoon following a fire on the E-Ku-A2 platform in the Gulf of Mexico. The incident occurred Sunday afternoon in the Ku, Maloob and Zaap (KMZ) megafield. Oropeza said an investigation was underway to determine its cause.…

August 23, 2021
Murphy Oil Eyes Return to Salina Basin Drilling Next Year

Murphy Oil Eyes Return to Salina Basin Drilling Next Year

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…

August 18, 2021
‹ Previous 1 2 3 53