U.S. Offshore
News
September 30, 2021
Oil closed the month almost 10% higher after a tumultuous session where China was said to order its top energy companies to secure supplies at all costs, prompting the White House to reiterate its concern over rising prices.
Article
September 2021
Actions speak louder than words: Biden and the U.S. upstream
News
September 29, 2021
Tracerco has been commissioned to provide asset integrity data for an operator in the Gulf of Mexico seeking to extend the life of over 18 of their risers.
Article
September 2021
Despite analysts’ dire predictions about Covid-19’s short-term/long-term effects on the industry, demand and oil prices recovered significantly in second-and-third-quarter 2021. Even with consistently higher oil prices, U.S. operators showed uncharacteristic restraint, focusing on debt reduction and shrinking the DUC backlog rather than new drilling.
Article
September 2021
Lessees and interest-holders in the Gulf of Mexico should carefully evaluate the existing contractual language governing their investments in light of case law and consider adding bond requirements or additional consideration in exchange for a specific, express release of costs associated with decommissioning obligations.
News
September 24, 2021
Senate Democrats are developing a carbon-tax proposal that could potentially be used to offset some of the costs of a sweeping social-spending bill as well as direct cash payments to households, according to a key lawmaker.
News
September 24, 2021
Interior Secretary Deb Haaland suggested a sharply limited role for fossil fuel extraction on U.S. federal lands and waters in her most expansive comments yet on the administration’s overhaul of oil and gas leasing.
News
September 23, 2021
Almost four weeks after Hurricane Ida hit Louisiana, Gulf of Mexico oil producers are far from calling it over.
News
September 22, 2021
Oil rallied after a U.S. industry report showed another big draw in crude inventories, pointing to a tightening market, and China’s central bank added liquidity to quell concern about a major developer’s debt woes.
News
September 21, 2021
The U.S. Energy Information Administration reported crude oil inventories in Cushing, Oklahoma, totaled 32.9 million barrels (excluding pipeline fill and stocks in transit by water and rail) in the week ending September 10, which is a 42% decrease since the beginning of the year.
News
September 20, 2021
The West Delta-143 facilities serve as the transfer station for production from Shell’s assets in the Mars corridor in the Gulf of Mexico to onshore crude and natural gas terminals.
News
September 16, 2021
House Democrats are investigating the role major oil companies and their trade groups are alleged to have played in misleading the public on the role of fossil fuels in causing global warming.
News
September 15, 2021
The study states that a lack of maturity in the US offshore wind supply chain currently translates to the need for a rapid expansion in products and services required to deliver projects on time and on budget.
News
September 15, 2021
Natural gas prices in Europe continued their record-breaking run as uncertainties about supply security this winter worsen. Power prices also surged to a new high after a disruption on a power link with France.
News
September 14, 2021
Railroad Commission of Texas commissioners approved publishing for public comment proposed rules for critical designation of natural gas infrastructure during energy emergencies.
News
September 13, 2021
West Virginia Senator Joe Manchin stands alone among his fellow Democrats, recognizing the long-term economic damage Biden's $3.5T liberal wish list would inflict on America’s ability to meet its own energy needs, and compete in the global economic arena.
News
September 13, 2021
West Virginia Senator Joe Manchin (D), who commands a linchpin vote in the Senate, is at the center of a lobbying crossfire over President Joe Biden’s $3.5 trillion economic package, with the energy industry and environmental advocates both vying for his support.
News
September 13, 2021
Oil climbed above $70 a barrel in New York after three weeks of gains as investors tracked the slow restoration of supplies in the Gulf of Mexico and the outlook for demand and inventories over the fourth quarter.
News
September 10, 2021
Royal Dutch Shell is gearing up to restart oil pipelines off the U.S. Gulf Coast, potentially moving the region’s top driller one step closer to restoring some production shut by Hurricane Ida.
News
September 10, 2021
Phillips 66 may idle a New Orleans-area refinery that suffered so much damage during Hurricane Ida that repairs may be too costly, according to people familiar with the operation.
News
September 10, 2021
California is asking the federal government to declare an “electric reliability emergency” so the Golden State can lean more heavily on fossil fuels to avoid blackouts.
