Offshore
Guyana May Develop Offshore Oil Prospects on Its Own
Guyana could form a national oil and gas company to oversee its own exploration instead of conducting an offshore drilling auction this year, a government official told international oil executives on Tuesday.
Peru Facing Fuel Shortage after Suspending Repsol Operations
Peru is facing a fuel shortage after the government banned Repsol SA from unloading any new oil into a local refinery after a large oil spill last month, its new prime minister said Thursday.
Norway Approves Development of Equinor's Kristin South Project
Norway approved plans to develop several Equinor-operated gas and condensate discoveries in the Norwegian Sea, with gas to be exported to Europe via an existing offshore pipeline system
U.S. Hurricane Damage to Cut Shell Oil Output Through Year-End
Damage to offshore transfer facilities from Hurricane Ida will cut production into early next year, slashing deliveries of a type of crude oil prized by refiners. The prolonged shut-in of the WD-143 platform would also affect smaller operators which use the Mars pipeline.
Colonial Pipeline Shuts, Power Outages Rise as Nicholas Brings Rains, Wind
The largest U.S. fuel line shut down on Tuesday due to power outages caused by Nicholas, which made landfall as a hurricane before weakening on Tuesday, the second U.S. Gulf storm in as many weeks.
'Eye of fire' in Mexican Waters Blamed on Gas Pipeline Leak
Pemex said that a fire on the ocean surface west of Mexico's Yucatan peninsula Friday was caused by a gas leak from an underwater pipeline. Videos of the blaze went viral.
Williams Announces Deepwater Export Agreement at Shenandoah
Facilities to be installed include a five-mile offshore lateral pipeline build from the Shenandoah platform to Discovery’s existing Keathley Canyon Connector pipeline, and additional onshore processing facilities to handle the expected rich Shenandoah production.
Neptune Energy Producing Natural Gas from Merakes Project in Indonesia
Neptune Energy announced that the operator, Eni, said production has started from its Merakes development in the East Sepinggan block offshore Indonesia.
Gulf of Mexico Crude Oil Production Will Increase with New Projects in 2021 and 2022
By the end of 2022, the EIA projects 13 new projects could account for about 12% of total Gulf of Mexico crude oil production, or about 200,000 bpd.
Energy Sector Could Get Reprieve from ‘Golden Cross’ Chart Signal
Energy could see its fortunes improve in the new year after its price action surfaced a technical buy signal on the charts on Wednesday. The bullish development in S&P 500 energy sector is called a “golden cross,” which is conventionally defined by technical analysts as the 50-day moving price average rising above the 200-day moving average.
Natixis Sees Deals from Gulf States Monetizing Oil Assets
Natixis expects oil-rich Gulf states to accelerate privatizations, including by extracting revenue from oil assets, with Saudi Arabia and possibly Oman as likely candidates for similar deals next year, the French bank’s regional head said.
North Sea Could Shift from Oil Reservoir to CO2 Storage - Total CEO
The North Sea could be switched from a depleting oil and gas basin to a site for storing carbon dioxide under the seabed, Total CEO Patrick Pouyanne said on Tuesday.
U.S. Oil-Export Projects Stall as Output Slips, Opposition Builds
Several major deepwater oil export projects have stalled as the coronavirus pandemic has caused global energy demand to collapse and environmental opposition has increased.
Genesis Energy Oil Pipeline Unlikely to be Restored Before October
An oil pipeline owned by Genesis Energy in the U.S. Gulf of Mexico is unlikely to return to operations before October 1, the company said in a statement on Thursday.
Morrison Completes Gulf of Mexico Pipeline Installation, Reaches Milestone
Morrison, an energy services firm, has completed installation of over 60,000 feet of subsea pipeline in the U.S. Gulf of Mexico marking more than 5.5 million feet of pipe laid by the company in the region.
Underwater: Australia's Oil Industry Faces New Indigenous Heritage Test
A discovery of ancient artifacts near a planned pipeline route off Australia's west coast has opened new challenges for energy companies to conserve indigenous heritage.
Enbridge Restores Offshore Pipelines After Hurricane Shutdown
Enbridge has restored operations on two of its offshore natural gas pipelines in the U.S. Gulf of Mexico after Hurricane Laura prompted shutdowns last week.
Storm Knocks Out U.S. Gulf of Mexico Natural Gas Pipeline
Enbridge reported on Monday that the company's natural gas pipeline which serves four offshore production platforms in the U.S. Gulf of Mexico remained out of commission after Hurricane Laura devastated the area.
Hurricane Laura Poses Biggest Storm Threat to U.S. Oil and Gas in 15 Years
The oil and gas industry is shutting down production at facilities on the Texas and Louisiana Gulf Coast at a rate not seen since 2005's Hurricane Katrina as the region prepares for Hurricane Laura.
TechnipFMC Awarded Subsea Contract for Petrobras Offshore Project
Petrobras has awarded TechnipFMC a large subsea infrastructure contract for the Brazilian oil company's Mero offshore project.
Brazil's Petrobras Considers Offshore LNG Units for Pre-Salt Gas
Brazilian state-controlled oil company Petrobras is considering installing offshore units to liquefy the growing natural gas production from the so-called pre-salt area, the company's emissions and climate change manager said.
Williams to Handle Gathering, Production for Taggart
Williams announced a tieback agreement with LLOG Exploration Offshore to provide oil and gas gathering and production services for the Taggart development in the Gulf of Mexico.
24% of U.S. Gulf of Mexico Production Shut After Storm
More than 400,000 bpd of U.S. Gulf of Mexico crude oil production remained shut on Wednesday after Tropical Storm Cristobal, the U.S. Bureau of Safety and Environmental Enforcement said.
Enterprise Working to Address U.S. Regulatory Delays on Offshore Crude Terminal
Enterprise Products Partners is working to address additional requests from U.S. officials concerning its major offshore crude terminal project being developed off the country's Gulf Coast.
Williams Announces Agreement on Deepwater Gulf Project
Williams has agreed to transport natural gas from Chevron and Total's Anchor offshore development to the Discovery pipeline system.
A Look at Offshore Activity
Thanks to operations cost cutting and improvements in productivity, investment in offshore exploration and production activities is beginning to recover from its 2017 nadir.
Shell Restarts U.S. Offshore Oil Hub After Pipeline Leak
Shell has resumed production at its Perdido offshore oil rig after a pipeline leak last week forced the company to halt production.
INEOS to Postpone Forties Pipeline System Shutdown
UK pipeline operator INEOS is delaying the planned shutdown of it's Forties Pipeline System.
Coronavirus Choppers Evacuate Offshore Workers
Offshore aviation company Bristow Group said it has deployed specially-equipped helicopters from its Search and Rescue (SAR) fleet to transport offshore workers with suspected cases of the novel coronavirus in the North Sea and Americas regions.
Trafigura, Phillips 66 Form JV for Deepwater Texas Oil Port
Global commodities trader Trafigura said on Friday it had formed a joint venture with U.S. refiner Phillips 66 to build a major deepwater port in Texas capable of handling supertankers, ditching its own competing project.
- Phillips 66 to Shut LA Oil Refinery, Ending Major Gasoline Output Amid Supply Concerns
- FERC Sides with Williams in Texas-Louisiana Pipeline Dispute with Energy Transfer
- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
- Malaysia’s Oil Exports to China Surge Amid Broader Import Decline
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Marathon Oil to Lay Off Over 500 Texas Workers Ahead of ConocoPhillips Merger
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
