U.S. Offshore

Article
February 2024
Look for U.S. spending to increase just 2.2% in 2024, and drilling should be flat. Many factors are at play to bring this result.
News
February 22, 2024
Shell Offshore Inc., a subsidiary of Shell plc, announced the start of production at Rydberg, a subsea tie-back to the Shell-operated Appomattox production hub in the Gulf of Mexico with an estimated peak production of 16,000 boed.
News
February 16, 2024
TechnipFMC has been awarded a substantial contract from Shell plc for the first integrated Engineering, Procurement, Construction, and Installation (iEPCI) project to use high-pressure subsea production systems rated up to 20,000 psi (20K).
News
February 08, 2024
Diamond Offshore Drilling, Inc. has executed a two-year contract extension with a subsidiary of bp in the U.S. Gulf of Mexico for the Ocean BlackLion, commencing in September 2024. Additionally, the company has entered into a drilling contract with Serica Energy (UK) Limited to utilize the Ocean Patriot for two plug and abandonment (P&A) wells in the U.K. North Sea.
News
February 05, 2024
The oil and gas industry recently participated in the Gulf of Mexico Lease Sale 261, where blocks within the survey area attracted 16 winning bids and a total bid value of more than $40 million. The Engagement 5 dataset will support existing and new leaseholders as well as regional operators with the most technically advanced subsurface imaging.
News
January 24, 2024
These two campaigns resulted in the successful acid treatments of a combined six wells. The wells ranged in water depth from 6,500’-7,200’.
News
January 22, 2024
Recent estimated production for the fields has ranged from approximately 3,700 to 5,700 boed (around 68% liquids). W&T plans to implement a series of workovers, recompletions and general maintenance work that the Company expects will increase total production from the fields.
News
January 17, 2024
TechnipFMC will install pipe and an umbilical, tying back three new wells to the Argos platform in the Gulf of Mexico.
News
January 16, 2024
QuarterNorth's producing assets include six major fields and are approximately 95% operated and 95% in deepwater. The Transaction is expected to improve Talos's base decline rate by approximately 20%, providing increased production stability and lower reinvestment rates.
News
January 10, 2024
First oil is expected to occur early in the second quarter 2024, and from three initial wells projected to deliver gross production of approximately 22,000 boepd. 
News
January 04, 2024
Danos will oversee the coordination of materials and personnel to and from multiple bp locations, ensuring streamlined and efficient logistical support.
News
January 03, 2024
The Lime Rock and Venice wells were brought safely online in late December 2023 and have achieved an initial combined gross production rate of over 18,500 boed, averaging about 45% oil and 55% liquids.
News
January 02, 2024
The Sparta FPU will feature a single topside bolstered by a four-column, semi-submersible floating hull and is designed to produce 90,000 boed.
News
December 23, 2023
Talos President and Chief Executive Officer Timothy S. Duncan commented, "The proximity of these prospects to our existing assets, including Ram Powell, Pompano, Prince, and Brutus facilities, bolsters our infrastructure-led, near-field strategy in the Gulf of Mexico while providing opportunities to lower the overall carbon intensity of our assets over time.
News
December 20, 2023
In a pivotal moment for American energy policy, National Ocean Industries Association (NOIA) President Erik Milito emphasizes the urgency of Congressional intervention following the conclusion of Gulf of Mexico Lease Sale 261.
News
December 20, 2023
Hess Corp. was the high bidder in a U.S. auction for drilling rights in the Gulf of Mexico, which raised a total of $382 million from oil giants before the Biden administration imposes a two-year hiatus for future sales.
News
December 20, 2023
Woodside Energy has awarded a major contract to Mexican company Eseasa Offshore, S.A. de C.V. to supply shore base facilities and services for Woodside’s operations supporting the Trion oil and gas project offshore Mexico.
News
December 20, 2023
Shell Offshore Inc., a subsidiary of Shell plc, has made a final investment decision (FID) for Sparta, a deepwater development in the U.S. Gulf of Mexico that represents our competitive approach to simplifying and replicating projects.
News
December 19, 2023
The U.S. Outer Continental Shelf is estimated to hold 90 Bboe and 327 Tcfg. If developed, these resources could create more than 800,000 American jobs, spur nearly $450 billion in private-sector spending, and generate more than $200 billion in revenue for federal and state governments.
News
December 19, 2023
The Interior Department auction, mandated by Congress under last year’s Inflation Reduction Act, will be the last sale of its kind until 2025 — when there may be tighter limits and less territory up for grabs.
News
December 18, 2023
This advanced data acquisition approach not only increases exploration success rates but also contributes to more efficient resource utilization, ultimately reducing operational risks and costs for clients.
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