Regulator: Shut US Gulf Offshore Oil Production Falls to 21%

Energy firms reopened more offshore crude oil production by Sept. 18 in the U.S.-regulated northern Gulf of Mexico as shut output fell to 21%, or 396,554 barrels per day (bbl/d), the U.S. Bureau of Safety and Environmental Enforcement (BSEE) said.

September 18, 2020

Midstream Sector’s Möbius Strip

For years, the midstream sector has managed to stay strong in weak oil and gas markets, but the unforeseen impacts of COVID-19 and the OPEC+ oil price shock have had a deep impact. 

September 18, 2020
COVID Crash

US Oil Rig Count Falls as Gas Rigs Rise

The oil and gas rig count rose by one to 255 in the week to Sep. 18, energy services firm Baker Hughes Co said in its weekly report.

September 18, 2020

Best of This Week’s Drilling Activity Highlights (Sept. 18, 2020)

XTO Energy’s results from a Wolfcamp Shale completion in Loving, Texas, plus an oil and gas discovery announced by BP in the Gulf of Mexico top this week’s drilling activity highlights from around the world.

September 18, 2020
Best of This Week’s Drilling Activity Highlights (Sept. 18, 2020)

Sempra Sees Cameron LNG Export Plant in Louisiana Fully Back in Six Weeks

Sempra Energy said on Sept. 18 it expects the Cameron LNG export plant in Louisiana to return to full service in six weeks after lingering power outages from Hurricane Laura have kept it shut since late August.

September 18, 2020

Oasis Petroleum Enters Grace Period after Failing to Make Interest Payments

Grace period allows the company to make the due payments within 30 days to avoid a formal default.

September 18, 2020

Erdogan Says Turkey Withdrew Survey Vessel to Allow for Diplomacy

NATO members Turkey and Greece disagree over maritime jurisdiction and energy exploration rights in the eastern Mediterranean.

September 18, 2020

Proxy Adviser Glass Lewis Backs Noble Energy Sale to Chevron

Glass Lewis has recommended that shareholders of Noble Energy Inc. vote in favor of the energy producer’s proposed $5 billion acquisition by Chevron Corp, the proxy advisory firm said in a statement on Sept. 18.

September 18, 2020

Japan’s Inpex, Chevron Cut Jobs in Australia

Inpex operates the $45 billion Ichthys project in Darwin. Chevron’s operations in Australia have been hit this year by an outage at its giant Gorgon LNG plant.

September 18, 2020

Maersk Drilling Commits to 50% CO2 Emissions Reduction by 2030

The target is supported by Maersk Drilling’s strategic focus on efficiency gains, which also leads to reduced CO2 emissions.

September 18, 2020

E&P Industry Pulse: How Upstream Players Can Decarbonize with Positive Returns

An upstream oil and gas company’s detailed road map outlines how to design a cost-effective decarbonization strategy

September 18, 2020
E&P Industry Pulse: How Upstream Players Can Decarbonize with Positive Returns

Libya’s Haftar Plans to Lift Oil Blockade

The blockade by eastern forces has cost Libya $9 billion in lost revenue so far this year, the Tripoli-based Central Bank of Libya said this week.

September 18, 2020