Offshore

More natural gas and oil output is coming ashore from the deepwater Gulf of Mexico (GOM) as Woodside Energy Group Ltd.’s Shenzi North project ramps up in Green Canyon ahead of schedule.  A final investment decision (FID) for Shenzi North, an extension of the Shenzi field, was taken in July 2021, and first output initially…

Israel has agreed to send more natural gas to Egypt, potentially stabilizing future LNG exports to Europe as Egypt balances calls for more supply and domestic demand. Israeli Energy Minister Israel Katz said in a post on X, formerly Twitter, that he had signed an agreement with Egypt to allow for additional gas resources from…

The Biden administration is taking heat from the energy industry after issuing voluntary recommendations for Gulf of Mexico (GOM) oil and natural gas operators designed to protect an endangered whale species, and for reinstating safety rules enacted following the 2010 Macondo well blowout that killed 11 men. The U.S. Department of Interior on Tuesday revived…

Native-owned Inuvialuit Regional Corporation (IRC) will have a role in project approvals under a new pact with Canadian officials – if natural gas and oil development, as well as pipeline proposals, return to the Mackenzie Delta and Beaufort Sea. The Western Arctic-Tariuq Offshore Accord was clinched between the IRC, the federal government, as well as…

The main three oilfield services firms see international exploration and production (E&P) companies increasing activity, in particular in the offshore, and despite a slowdown in North America. They all reported growth in their Latin American businesses. SLB Ltd. CEO Olivier Le Peuch said international offshore would drive the upstream industry through this decade. “Second quarter…

SLB Ltd. expects the international offshore oil and natural gas industry to surge through this decade, CEO Olivier Le Peuch said Friday. The No. 1 oilfield services company saw its highest year/year revenue growth in three years in the second quarter of 2023, even amidst a cooling of activity in its North America exploration and…

Two employees of offshore oilfield services provider Cotemar died and one was still missing Monday following a fire early Friday (July 7) at the Nohoch-A offshore natural gas processing facility operated by Mexico’s state oil company Petróleos Mexicanos (Pemex). The infrastructure serves the Cantarell field in shallow waters of Campeche Bay off southeastern Mexico. Pemex…

The U.S. offshore oil and natural gas industry, from unmanned platforms to massive production facilities, is facing higher federal financial assurance rules to cover the cost of decommissioning a well or infrastructure. Under a proposal by the Biden administration, the Bureau of Ocean Energy Management (BOEM) said the proposed rule would “modernize financial assurance requirements…to…

Delfin Midstream Inc. has finalized an investment agreement with shipping giant Mitsui O.S.K. Lines Ltd. (MOL) for its Delfin LNG export project ahead of a possible final investment decision (FID) later this year. Delfin disclosed MOL has agreed to take an undisclosed stake in the proposed Louisiana offshore liquefied natural gas project and will be…