Deepwater Oil Drilling: US & Gulf of Mexico

US BOEM offshore leasing program prioritizes GoM, proposes new Atlantic area

US Secretary of the Interior Sally Jewell and Bureau of Ocean Energy Management (BOEM) Director Abigail Ross Hopper announced the next step in the development of the nation’s Outer Continental Shelf (OCS) Oil and Gas Leasing Program for 2017-2022.

BP, Chevron, ConocoPhillips team up in the GoM

BP has formed a new ownership and operating model with Chevron and ConocoPhillips to focus on moving two BP discoveries closer to development and provide expanded exploration access in the emerging geologic trend in the deepwater Gulf of Mexico.

Technip receives GoM subsea contracts

Stone Energy Corp. has awarded Technip both a flexible pipe supply contract and an installation contract for the Amethyst field in Mississippi Canyon 26 in the Gulf of Mexico.

OneSubsea announces Jack/St. Malo involvement

Chevron Corp. recently achieved first oil from the Jack and St. Malo fields in the Gulf of Mexico. OneSubsea, a Cameron and Schlumberger company, supplied the subsea production and processing systems for these deepwater fields.

Hess orders Stampede umbilicals from Oceaneering

Hess Corp. (NYSE:HES) has contracted Oceaneering International Inc. (NYSE:OII) to supply umbilicals and umbilical distribution hardware to the Stampede project. 

UH to lead offshore energy research center

The University of Houston will lead a national research center for subsea engineering and other offshore energy development issues.

Lucius enters production in the ultra-deepwater GoM

Petrobras has started production at the Lucius field in the ultra-deepwater Gulf of Mexico.

Using CO2 extends range of EOR applications for GoM operators

The National Energy Technology Laboratory (NETL), a division of the US Department of Energy, has released "CO2-EOR Offshore Resource Assessment." The report analyzes the economic and technical factors relating to the use of CO2-EOR offshore in the Gulf of Mexico. It found that the economic viability of CO2-EOR in the GoM depends greatly on three factors: the price of oil, the cost of CO2, and the efficiency of CO2-EOR technology.

Caution, capital realities to drive deepwater GoM operations

Significantly reduced cash flow for companies in 2015 means reprioritized spending is inevitable. In the short term, there is not always the flexibility to make decisions based solely on fundamentals, and so the first impacts may well include projects that in the long run remain viable. As a high cost environment, the deepwater Gulf of Mexico (GoM) would appear to be vulnerable and, indeed, cuts should be expected. However, a recent economic analysis suggests that good projects in that environment can still be viable down to $60/bbl.

Status of US Gulf of Mexico deepwater discoveries

Get the latest updates of US Gulf of Mexico deepwater discoveries sorted by field name, year of discovery, water depth, operator, onstream status, and production facility type.

Webcasts

Standardization of Offshore Production Systems

The EPC strategy and an update on the construction of the eight units will be presented as well as an overview of future opportunities.

Frac Smarter with Hydrocarbon Tracers

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Offshore Top 5 Projects - 2014

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