As US Opens Up Offshore Waters, Eastern GoM Beckons
in concert with enabling military operations, training and testing." Defense Department spokeswoman Major Carla Gleason said collaboration with Interior on the issue was "a priority." Major offshore producers such as Exxon Mobil Corp, BP Plc, Anadarko Petroleum Corp and ConocoPhillips declined to comment. Shell welcomed the expanded offshore prospects the Trump administration plans to make available, but has not committed to any new activity, said spokesman Curtis Smith. A Chevron spokeswoman, Veronica Flores-Paniagua, said the
Latest Gulf of Mexico Auction Signals Offshore Return
to adapt to low oil prices. Offshore drilling typically requires higher prices for producers to break even. Royal Dutch Shell claimed the largest number of blocks, with 19 high bids valued at a combined $25.1 million. Chevron Corp followed with 15 high bids totaling $27.9 million. Anadarko Petroleum Corp won 10 blocks for $10.6 million. Exxon Mobil Corp took seven blocks of land for $20.4 million. Most of the bids were for deep water blocks, at depths of more than 1,600 meters. The auction drew interest from 27 oil companies, with 99 bids on 90 blocks in the Gulf of Mexico, according
BP Doubles Down on Deepwater
Corp, Chevron Corp and Royal Dutch Shell have maintained Gulf operations but focused expansions on U.S. shale. Exxon Mobil doubled its acreage in the Permian in a deal earlier this year. Freeport-McMoRan and Devon Energy Corp have pulled out of Gulf drilling entirely in recent years. Anadarko Petroleum Corp took a $435-million dollar write-down in May on its Shenandoah project in the Gulf, deciding it could not profit with oil prices hovering at about $50 a barrel. "In a $50 to $60 world, we always felt like greenfield development, in the Gulf in particular, was fairly challenged
First Subsea Completes Heidelberg Spar Mooring
Deepwater mooring specialist, First Subsea Ltd, has completed the installation of subsea mooring connectors for Anadarko Petroleum Corp's Heidelberg truss spar platform moored in 5,310ft (1,620 m) of water in field development in the Gulf of Mexico. The 23,000-ton spar has been moored by nine Series III Ballgrab ball and taper mooring connectors attached to polyester mooring lines. The connector's male mandrels are manufactured in compliance with American Bureau of Shipping (ABS) 2009 Approval for specialist subsea mooring connectors. Ball and taper subsea mooring connectors
BSEE Tests GoM Response Equipment
and verified the sound working condition of various response equipment used in the Gulf of Mexico region. Analysts with BSEE’s Oil Spill Preparedness Division boarded the pollution control vessel Louisiana Responder at Fort Jackson, La. on July 14 to test the response readiness of Anadarko Petroleum Corp. While conducting an equipment verification, the team witnessed the testing of a skimmer and other associated equipment, stored in Buras, La., on the Mississippi River. Subsequent response equipment stored at Marine Spill Response Corp. in Belle Chasse, La. was also verified, BSEE
Exxon Discovers Oil in Guyana Offshore Block
Offshore Oil Company also participating. Exxon signed an agreement with Guyana to explore the 26,800 square kilometer (10,350 square mile) block, 160 to 320 kilometers (100 to 200 miles) offshore, in 1999. Guyana in 2013 said Venezuela's navy evicted a ship used by Texas-based Anadarko Petroleum Corp to explore for oil in the offshore Roraima block. Guyana called the incident a security threat and Venezuela described it as a violation of its territory. (By Neil Marks; Writing by Brian Ellsworth; Editing by Dan Grebler
Ecopetrol to Drill 3 Wells After Cutting Budget
drill three offshore wells this year, two off its Caribbean Coast and a third in the Gulf of Mexico, after slashing its offshore exploration budget to $200 million down from $632 million last year, the company said. The two Caribbean wells, Calasu and Kronos, will be operated by Texas-based Anadarko Petroleum Corp which has an equal sized stake in the projects with Ecopetrol. The U.S. well, Sea Eagle, will be drilled by partner Murphy Oil Corp. In 2014, Ecopetrol discovered hydrocarbons in three out of eight wells it drilled, five of which were in the Gulf of Mexico. Ecopetrol has cut its investment
Anadarko Turns 2012 Loss Into Q2 2013 Profit
Anadarko Petroleum Corp (APC.N) reports a quarterly profit compared with a year-earlier loss, as the U.S. oil and gas company's results were helped by higher natural gas prices, according to Reuters. Anadarko has big offshore oil and gas prospects, but like many other exploration and production companies, the Houston-based Anadarko is also working to increase output of crude from less expensive onshore shale wells in North America. The average sales price Anadarko received for natural gas in the quarter was $3.88 per thousand cubic feet equivalent, up 80 percent from a year ago, as inventories have
First Subsea Awarded Heidelberg Spar Mooring Connector Contract
Deepwater mooring specialist, First Subsea Ltd has been awarded a contract by Technip Inc to supply the subsea mooring connectors for a 23,000-ton truss spar platform moored in 5,310ft (1,620 m) of water in Anadarko Petroleum Corp's Heidelberg field development in Green Canyon Blocks 859, 860,903, 904 and 948 in the Gulf of Mexico. The Heidelberg spar will be moored by nine Series III Ballgrab ball and taper mooring connectors attached to polyester mooring lines. The connector's male mandrels are manufactured in compliance with American Bureau of Shipping (ABS) 2009 Approval for specialist
February 2024
