Offshore
Policy & Regulations
New BOEM Regulations Raise Industry Decommissioning Obligations by $6.9B
Under new regulations, the Bureau of Ocean Energy Management estimates the oil and gas industry will be required to provide an additional $6.9 billion in new financial assurances to cover industry decommissioning costs.
Field Development , Natural Gas
Trillion Energy Begins SASB Revitalization Project
Trillion Energy reported 49 m of new gas pay will be perforated in four wells.
Field Development , Investment , Acquisitions & Divestitures , Exploration & Production
Exxon Ups Mammoth Offshore Guyana Production by Another 100,000 bbl/d
Exxon Mobil, which took a final investment decision on its Whiptail development on April 12, now estimates its six offshore Guyana projects will average gross production of 1.3 MMbbl/d by 2027.
Pipelines , Liquefied Natural Gas (LNG)
Canada’s First FLNG Project Gets Underway
Black & Veatch and Samsung Heavy Industries have been given notice to proceed with a floating LNG facility near Kitimat, British Columbia, Canada.
Exploration & Production , Flowlines
Subsea7 Awarded Sizable Contract in GoM
Subsea7 will install a flowline for Talos’ Sunspear development in the Gulf of Mexico.
Highlights , Field Development , Deepwater
Exxon Mobil Green-lights $12.7B Whiptail Project Offshore Guyana
Exxon Mobil’s sixth development in the Stabroek Block will add 250,000 bbl/d capacity when it starts production in 2027.
Field Development , International , Legislation
Pitts: Heavyweight Battle Brewing Between US Supermajors in South America
Exxon Mobil took the first swing in defense of its right of first refusal for Hess' interest in Guyana's Stabroek Block, but Chevron isn't backing down.
Tankers , Crude Oil
Enterprise Gains Deepwater Port License for SPOT Offshore Texas
Enterprise Products Partners’ Sea Port Oil Terminal is located approximately 30 nautical miles off Brazoria County, Texas, in 115 ft of water and is capable of loading 2 MMbbl/d of crude oil.
Deepwater , Field Development , Exploration & Production , International
Deepwater Roundup 2024: Offshore Australasia, Surrounding Areas
Projects in Australia and Asia are progressing in part two of Hart Energy's 2024 Deepwater Roundup. Deepwater projects in Vietnam and Australia look to yield high reserves, while a project offshore Malaysia looks to will be developed by an solar panel powered FPSO.
Seismic
PGS Wins 3D Contract Offshore South Atlantic Margin
PGS said a Ramform Titan-class vessel is scheduled to commence mobilization in June.