Both Chevron and Royal Dutch Shell on Thursday announced major deepwater oil discoveries at two separate wells located in the U.S. Gulf of Mexico. Both finds have been described as being hugely significant. Shell's Whale Discovery First, Shell Offshore said it had encountered more than 1,400 net feet of oil-bearing pay at the Whale deepwater well, which is located … [Read more...]
BSEE Director: Deepwater Gulf of Mexico Critical to U.S. Energy Dominance
Oil and gas production from deepwater projects in the U.S. Gulf of Mexico is critical to the Trump Administration's goal of energy dominance, according to Bureau of Safety and Environmental Enforcement Director Scott Angelle. During his speech at a deepwater operations conference in Texas this week, Angelle, stressed the substantial contribution from deepwater and how future … [Read more...]
As Oil Prices Rise, Global Majors Eye Mexico’s Deep Waters
By Adam Williams (Bloomberg) -- As the price of oil rises, an international rush is on for Mexico’s untapped deep-water riches. The who’s who of the oil world -- led by Exxon Mobil Corp and Royal Dutch Shell Plc, the world’s two biggest drillers by market value -- are lining up to bid in the country’s Jan. 31 deep-water auction. And the interest is international in scope, … [Read more...]
Crude Goes on Wild Ride as Stockpile Surge Outweighs Platform Shutdowns
By Jessica Summers (Bloomberg) -- Crude went on a roller-coaster ride Wednesday as platform closures in the Gulf of Mexico led futures to spike, while the stubborn increase in U.S. supplies pushed prices down. Oil traded 0.7 percent lower in New York after rising as much as 1.3 percent. Royal Dutch Shell Plc shut its Enchilada-Salsa and Auger platforms, and Anadarko … [Read more...]
U.S. Approves Exports from First Floating LNG Terminal in Gulf of Mexico
By Naureen S. Malik (Bloomberg) -- The first floating terminal proposed to export natural gas out of the Gulf of Mexico has been cleared by U.S. regulators to send cargoes overseas. Fairwood Peninsula Energy Corp.’s Delfin liquefied natural gas project gained approval from the Energy Department on Thursday to send 1.8 billion cubic feet of LNG a day to countries that don’t … [Read more...]