Offshore

TC Energy, CFE Sanction Mexico’s 1.3 Bcf/d Marine Pipeline Extension; Possible Start in 2025

TC Energy, CFE Sanction Mexico’s 1.3 Bcf/d Marine Pipeline Extension; Possible Start in 2025

Canada’s TC Energy Corp. and Mexico’s Comisión Federal de Electricidad (CFE) have reached a final investment decision (FID) to build a 444-mile underwater natural gas pipeline. The 1.3 Bcf/d, $4.5 billion Southeast Gateway Pipeline would originate onshore in Tuxpan, Veracruz. It then would proceed offshore, making landfall at Coatzacoalcos, Veracruz and Dos Bocas, Tabasco. Dos…

August 5, 2022
Oil, Natural Gas Booming in Guyana as Offshore Production Ramps Up

Oil, Natural Gas Booming in Guyana as Offshore Production Ramps Up

Not only is Guyana set to become one of Latin America’s shining economic stars, but the once poor backwater could soon be a key player in the new global energy map. The International Monetary Fund (IMF) sees the Guyanese economy growing by a staggering 47% this year, even as the rest of the world could…

July 29, 2022
GOM’s Proposed Offshore Wind Projects Showcase Growth in Traditional Natural Gas, Oil Basin

GOM’s Proposed Offshore Wind Projects Showcase Growth in Traditional Natural Gas, Oil Basin

The Department of Interior’s (DOI) Bureau of Ocean Energy Management (BOEM) has identified two sites in the Gulf of Mexico (GOM) that could support offshore wind development in an area that has long been one of the major natural gas and oil breadbaskets.  The largest of the two proposed wind energy areas (WEA) spans 546,645…

July 25, 2022
New Fortress Aiming for Lakach Natural Gas Production Offshore Mexico by End-2023

New Fortress Aiming for Lakach Natural Gas Production Offshore Mexico by End-2023

New Fortress Energy Inc. (NFE) is targeting first natural gas production from the Lakach deepwater field offshore Mexico by the end of 2023, according to CEO Wes Edens. NFE management held a conference call on Thursday to update investors on a series of commercial agreements reached with Mexico’s state-owned energy giants, Petróleos Mexicanos (Pemex) and…

July 6, 2022
Shunning Russia, Western Europe Reviving Offshore Natural Gas Projects

Shunning Russia, Western Europe Reviving Offshore Natural Gas Projects

Germany, The Netherlands, Germany and the UK have each reversed decisions to decrease oil and natural gas development in the wake of Russia’s war on Ukraine, supporting the need to reduce dependence on fossil fuel imports. Russia’s Gazprom PJSC in late May said it planned to discontinue supplying the Netherlands with gas after Dutch wholesaler…

June 24, 2022
GOM Natural Gas Production Seen Falling for Fourth Straight Year in 2023

GOM Natural Gas Production Seen Falling for Fourth Straight Year in 2023

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…

June 24, 2022
Biden Administration Says Five-Year Offshore Leasing Program Coming in June

Biden Administration Says Five-Year Offshore Leasing Program Coming in June

The Department of the Interior (DOI) will release a proposed five-year offshore oil and gas leasing program by the current program’s expiration date of June 30, Secretary of the Interior Deb Haaland said Thursday. Haaland confirmed DOI’s intentions during testimony before the Senate Committee on Energy and Natural Resources. She said the Trump administration had…

May 23, 2022
Colorado State Meteorologists Calling for Above-Average Hurricane Season

Colorado State Meteorologists Calling for Above-Average Hurricane Season

Colorado State University (CSU) meteorologists are forecasting an above-average hurricane season in the Atlantic basin this season, citing the unlikelihood of a significant El Niño weather pattern. “We anticipate an above-average probability for major hurricanes making landfall along the continental United States coastline and in the Caribbean,” said CSU forecasters Philip Klotzbach and Michael Bell.…

April 11, 2022
Equinor’s Bay du Nord Oil Project Offshore Newfoundland Gains Approval

Equinor’s Bay du Nord Oil Project Offshore Newfoundland Gains Approval

After months of environmental debates and studies, the Canadian government Wednesday approved a $12 billion oil development offshore Newfoundland led by Norwegian producer Equinor ASA. The Liberal federal cabinet accepted a favorable verdict following a four-year review on Bay du Nord, a 200,000 b/d project, 300 miles east of St. John’s. The approval was by…

April 7, 2022
ExxonMobil Sanctions Fourth – and Largest – Guyana Project

ExxonMobil Sanctions Fourth – and Largest – Guyana Project

ExxonMobil has announced a $10 billion commitment to a new development in Guyana’s prolific offshore Stabroek block. The company has received approval from the government of Guyana for the Yellowtail project, which would be the company’s largest to-date asset in the country. Production is slated for 2025 and is expected to hit 250,000 b/d. “Yellowtail’s…

April 5, 2022
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