U.S. independent Hess Corp. said Wednesday it was moving forward with plans to ramp up drilling activity in the Bakken Shale amid continued commodity price strength. Hess plans to add a third rig in the Bakken in September, something it previously said it would consider if oil prices continued to improve. “We have been operating…
Offshore
Articles from Offshore
Chevron, Shell, Total Partner with GHGSat in Tackling Methane Leaks
Chevron Corp., Royal Dutch Shell plc, and TotalEnergies SE are taking to the skies with Canada’s GHGSat as part of a year-long research project to detect offshore methane (CH4) leaks by satellite. The three supermajors are supporting the project by allowing six of their offshore facilities to be observed, including ones in the North Sea…
Column: Zama Ruling, Pemex Fire, LPG Company Part of Misguided Energy Policy
Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico’s natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process. One month after the midterm elections offered hope for change in the Mexican energy sector, some worrying signs have again begun to…
Delfin Close to Landing Supply Deal for Delayed U.S. Offshore LNG Export Terminal
Delfin Midstream has filed another request with FERC for more time to build onshore metering, compression and pipeline facilities in Cameron Parish, LA, for its planned floating liquefied natural gas (FLNG) export project offshore. Delfin wants until Sept. 28, 2022 to complete the onshore facilities. It is the company’s third extension request. If built, it…
Natural Gas Futures Fall Further on Cooling Forecast, Rising Supply
A weaker weather pattern seen for the coming two weeks coupled with rising production to send natural gas futures prices sliding on Monday. The July Nymex gas futures contract settled at $3.191, off 2.4 cents from Friday’s close. August slipped 2.1 cents to $3.215. Spot gas prices were mostly lower too, with strong demand mainly…
Feds Looking to Expand Wind Energy Offshore East, West Coasts and GOM
The Department of Interior may have paused federal oil and natural gas leasing, but it is looking to deploy 30 GW of offshore wind capacity on nearly every U.S. coast by 2030. A competitive lease sale to kick things off is planned in the New York Bight, with other auctions eventually expected offshore the West…
GOM Activity Rising, with Williams Set to Expand Natural Gas Infrastructure
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…
ExxonMobil, Partners Strike More Oil in Stabroek Offshore Guyana
Offshore Guyana continues to prove fruitful for ExxonMobil and its partners, with the Irving, TX-based supermajor announcing another discovery in the Stabroek Block. The Longtail-3 well encountered 230 feet of net pay, including newly identified hydrocarbon-bearing reservoirs below the original discovery intervals, according to ExxonMobil. “Longtail-3, combined with our recent discovery at Uaru-2, has the…
API, Chamber Urge Biden Administration to Lift Moratorium on Federal Oil, Natural Gas Leasing
The American Petroleum Institute (API) and the U.S. Chamber of Commerce joined Republican leaders in calling on the Biden administration to lift its temporary pause on federal oil and natural gas leasing after a Louisiana district court ordered the moratorium be lifted. Fourteen states in March challenged President Biden’s executive order (EO), which in January,…
Talos Diving into Carbon Capture Opportunities in U.S. Offshore
Houston-based Talos Energy Inc. is diving into carbon capture and storage (CCS) opportunities along the Gulf Coast and offshore with UK expert Storegga Geotechnologies Ltd. Through the joint venture (JV), the partners plan to “source, evaluate and develop” CCS opportunities on the coast and in the Gulf of Mexico (GOM) offshore Alabama, Louisiana, Mississippi and…