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US & Gulf of Mexico Offshore Regional Report

More US & Gulf of Mexico Offshore Oil & Gas News

Gulf of Mexico oil companies take storm precautions

Tropical Storm Don has generated some precautions by Gulf of Mexico operators, reports Dow Jones.

MSRC contracts Hornbeck support vessels

The Marine Spill Response Corp. has contracted with Hornbeck Offshore Services Inc. to supply two U.S.-flag multi-purpose support vessels for spill response in the Gulf of Mexico.

GoM activity 'congested' by regulatory oversight, finds IHS study

A “congestion point” inside the regulatory oversight process is holding back exploration and production activity in the Gulf of Mexico and this is holding back the economic benefits tha...

GoM forecast says 190,000 additional jobs possible

Almost 190,000 new jobs could be created in 2013 if permitting in the Gulf of Mexico for offshore development returned to levels before the Obama administration's moratorium, according to a new study.

BP sets out voluntary deepwater GoM operations standards

BP Exploration & Production Inc. has sent a letter to the US Bureau of Ocean Energy Management, Regulation, and Enforcement setting forth a new set of standards the company will follow in the d...

EPA releases Shell Arctic drilling application for comment

Shell continues to pursue permission to drill in the Arctic offshore Alaska.

Premier joins Antrim in Erne probe

Antrim Energy has agreed to farm out part of its Erne prospect in the Greater Fyne Area in the UK central North Sea to Premier Oil.

MWCC call on Aker for subsea containment, diverter assembly

The Marine Well Containment Co. has contracted Aker Solutions to design, procure, and fabricate a subsea containment and diverter assembly for the expanded containment system under development by M...

Report highlights growth in ultra-deepwater wells

Subsea expenditure worldwide could exceed $94 billion over the next five years, according to Infield's latest Subsea Market Report. The top 10 oil companies will likely account for over three-quart...

GoM lease sale moves closer to reality, BOEMRE hikes fines

A supplemental environmental impact statement filed by Federal drilling regulators moves forward the prospects of a 2012 Gulf of Mexico lease sale going forward as planned.

USGS increases Cook Inlet reserves estimates

Alaska’s Cook Inlet holds more oil and gas than previously estimated, according to a new study by the US Geological Survey.

Upstream costs continue to rise, says IHS

The costs of building and operating upstream oil and gas facilities continues to increase, says IHS.

General Monitors launches toxic gas detector

General Monitors has released its TS4000H Intelligent Hydrogen Gas Detector, which accurately detects hydrogen at 0-500 ppm levels.

Transocean releases results of Macondo investigation

The Macondo incident in the Gulf of Mexico was the result of a series of well design, construction, and temporary abandonment decisions that compromised well integrity, according to an internal inv...

Weatherford settles with BP for Macondo claims

Weatherford International Ltd. and BP have reached a settlement on any claims between the companies arising from the Macondo incident in the Gulf of Mexico.

AMEC wins Marine Well Containment Co. contract

AMEC says it has been selected by the Marine Well Containment Co. to design and deliver components of MWCC’s expanded containment system.

Intergraph Award winners announced

Three marine engineering companies based in Asia and one engineering company from Brazil have earned the top prizes in the annual Golden Valve and Platinum Pipe Awards customer competitions sponsor...

Statoil farming into Kakuna

Statoil Gulf of Mexico LLC has farmed into the Kakuna prospect located 180 mi (290 km) southwest of New Orleans in deepwater Gulf of Mexico.

Two big developments announced in GoM

Both Shell and Exxon Mobil reported big steps in the Gulf of Mexico post-Macondo.

COP set to lift stake in UK block

Canadian Overseas Petroleum (COP) has signed a North Sea farm-in agreement with SSE E&P UK.

Horizon farming into Beibu Gulf block

Petsec Energy has agreed to sell its wholly-owned subsidiary Petsec Petroleum LLC to Horizon Oil for $38 million cash, plus options.

North America

FMC and Technip have won the main subsea engineering contracts for the Hibernia field Southern Extension project off eastern Canada. FMC will provide up to six subsea injections trees and wellheads...

MENA pitches to operate Egyptian concession

MENA Hydrocarbons has agreed to take a 55% interest in an Egyptian offshore development lease, 60 km (37 mi) from the Mediterranean coast.

Court enters judgment on GoM drilling permit suit

The US Department of the Interior “acted unlawfully by unreasonably delaying action” on permit requests from ATP Oil & Gas Corp. according to the Final Judgment issued by the US Dis...

COPL agrees terms for Liberia block

Canadian Overseas Petroleum (COPL) is set to acquire a 100% interest in Block LB-13 offshore Liberia from Peppercoast Petroleum for $85 million.