Offshore

New Fortress Cements LNG Agreements with Mexico’s CFE

New Fortress Cements LNG Agreements with Mexico’s CFE

New Fortress Energy Inc. (NFE) said it has finalized a series of LNG agreements with Mexican state electricity firm Comisión Federal de Electricidad (CFE). The companies are developing a floating liquefied natural gas (FLNG) export hub off the coast Altamira en Tamaulipas state. NFE has committed to deploy multiple FLNG units with regasification capacity of…

November 2, 2022
CNOOC Strikes Natural Gas Riches in South China Sea, Accelerating Deepwater Exploration 

CNOOC Strikes Natural Gas Riches in South China Sea, Accelerating Deepwater Exploration 

China National Offshore Oil Corp. (CNOOC) has made a large offshore natural gas discovery in the South China Sea as it continues to work toward adding oil and gas reserves. Proven gas in-place of the Baodao 21-1 field has “successfully passed the Chinese governmental review and filing,” the firm said. CNOOC says the field holds…

October 27, 2022
Schlumberger Expanding Louisiana Footprint with Gulf of Mexico Hub

Schlumberger Expanding Louisiana Footprint with Gulf of Mexico Hub

Backed by Louisiana state government incentives, oilfield services (OFS) giant Schlumberger Ltd. has decided to centralize its offshore oil and gas support services in the heart of the state’s Acadiana region. The company is spending $11.5 million to expand its operations in Lafayette, LA, forming a North Gulf Coast (NGC) Hub. Schlumberger’s Lyndal Cissell, North…

October 10, 2022
Where Is Interior’s Five-Year OCS Oil, Natural Gas Lease Plan? API Cites Concerns

Where Is Interior’s Five-Year OCS Oil, Natural Gas Lease Plan? API Cites Concerns

Oil and natural gas producers have “serious concerns” that the federal government may not adopt a five-year offshore lease sales schedule as mandated by Congress, the industry said Thursday. The American Petroleum Institute (API) and other oil and gas executives called out federal officials for what they said was a delay to complete the 2023-2028…

October 7, 2022
Biden Administration Calling for Another Do-Over of Post-Macondo Offshore Safety Rules

Biden Administration Calling for Another Do-Over of Post-Macondo Offshore Safety Rules

President Biden is moving to reinstate the post-Macondo offshore safety rules enacted by the Obama administration, which were partly undone by the Trump administration. BP plc’s deepwater Macondo well explosion in 2010 killed 11 men, destroyed the Deep Horizon drilling rig and led to the largest oil spill in U.S. history. An extensive investigation by…

September 16, 2022
Maritime Administration Pauses Review of New Fortress Energy’s Fast LNG Project

Maritime Administration Pauses Review of New Fortress Energy’s Fast LNG Project

An environmental review of New Fortress Energy Inc.’s (NFE) LNG project proposed offshore of Louisiana could be delayed after the Maritime Administration (MARAD) paused the process while seeking more information from the firm, recently published documents show. In documents published for the first time publicly on Sept. 8, MARAD confirmed it had paused the review…

September 16, 2022
November GOM Oil, Natural Gas Auction Reinstated, with Leases Awarded

November GOM Oil, Natural Gas Auction Reinstated, with Leases Awarded

The Interior Department has reinstated the highest valid bids from a Gulf of Mexico (GOM) oil and gas auction held in November, opening the way for expanding production from the offshore. Interior’s Bureau of Ocean Energy Management (BOEM) on Wednesday accepted 307 high bids from Lease Sale 257, totaling close to $190 million.  The only…

September 15, 2022
Mexico Environmental Groups Call for Tighter Scrutiny of Proposed $4.5B Natural Gas Pipeline

Mexico Environmental Groups Call for Tighter Scrutiny of Proposed $4.5B Natural Gas Pipeline

Green groups in Mexico are urging regulators to throw out two environmental impact statements submitted by TC Energy Corp. for the proposed Southeast Gateway offshore natural gas pipeline. The 1.3 Bcf/d, $4.5 billion conduit is meant to shore up gas supply in central and southeast Mexico, including to state oil company Petróleos Mexicanos’ (Pemex) Olmeca…

August 30, 2022
BP, Kosmos Expecting First LNG from Mauritania and Senegal Project by Early 2024

BP, Kosmos Expecting First LNG from Mauritania and Senegal Project by Early 2024

Kosmos Energy Ltd. and BP plc are working to fast-track the first 2.5 million metric tons/year (mmty) phase of the $4.8 billion Greater Tortue Ahmeyim (GTA) LNG project offshore Mauritania and Senegal.  “We continue to make good progress quarterly and are still targeting first gas in 3Q2023 with the first [GTA] LNG cargo targeted for…

August 26, 2022
New Fortress Developing Quick Turnaround LNG in Mexico to Meet Rising Natural Gas Demand

New Fortress Developing Quick Turnaround LNG in Mexico to Meet Rising Natural Gas Demand

New Fortress Energy Inc. (NFE) is looking to develop up to four fast LNG (FLNG) projects offshore Mexico’s Gulf Coast amid the global natural gas supply crunch, management said during an earnings call last week. This is in addition to the company’s first FLNG project currently under development offshore Louisiana. At the port of Altamira,…

August 10, 2022
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