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Mexico President Felipe Calderon today announced PEMEX’ first oil discovery in the deepwater Gulf of Mexico. The state-owned company’s Trion 1 well, 177 km off the coast of Tamaulipas, confirmed the presence of light oil reservoirs in the province of the Perdido fold belt. The well, located 39 km. kilometers (2.8
In its January 2023 Short-Term Energy Outlook , the US Energy Information Administration (EIA) forecasts that crude oil production in the United States will average 12.4 In 2022, US crude oil production averaged an estimated 11.9 EIA based the forecast on expectations of crude oil prices and infrastructure capacity additions.
Exxon Mobil Corporation is commencing development of the ultra-deepwater Julia oil field in the Gulf of Mexico. ExxonMobil, the operator, and Statoil Gulf of Mexico LLC each hold a 50% interest in the Julia unit. Malo production facility operated by Chevron USA Inc. The blocks are WR-584, WR-627, WR-628, WR-540 and WR-583.
Beaudreau announced that Interior will offer more than 40 million acres for oil and gas exploration and development in the Gulf of Mexico in March lease sales. BOEM estimates the proposed sale could result in the production of approximately 1 billion barrels of oil and 4 trillion cubic feet of natural gas. billion in high bids.
The US Department of the Interior held a 39-million acre lease sale in the Gulf of Mexico. Secretary of the Interior Ken Salazar announced that the Central Gulf of Mexicooil and gas lease sale attracted $1,704,500,995 in high bids for tracts on the US outer continental shelf offshore Louisiana, Mississippi and Alabama.
Griffiths from Sandia National Laboratories reports in a paper accepted for publication in the ACS journal Environmental Science & Technology that the likely total discharge from the BP Macondo Prospect well (MC252) during the Deepwater Horizon accident was in the range of 4.9 Calculated cumulative and net oil discharged from MC252.
Exxon Mobil Corporation announced two major oil discoveries and a gas discovery in the deepwater Gulf of Mexico after drilling the company’s first post-moratorium deepwater exploration well. “This is one of the largest discoveries in the Gulf of Mexico in the last decade.” Graphic: Business Wire).
The US Department of the Interior’s (DOI) Bureau of Ocean Energy Management (BOEM) will hold the consolidated Central Gulf of Mexico Lease Sale 216/222 in New Orleans on 20 June 202012. Lease Sale 216/222 is the last remaining sale scheduled in the 2007 – 2012 Outer Continental Shelf Oil and Natural Gas Leasing Program.
Chevron, ConocoPhillips, ExxonMobil and Shell plan to build and deploy a rapid response system that will be available to capture and contain oil in the event of a potential future underwater well blowout in the deepwater Gulf of Mexico. The companies have committed $1 billion to fund the initial costs of the system.
an independent oil exploration and production company focusing on the deepwater US Gulf of Mexico and offshore Angola and Gabon, announced a significant oil discovery at its North Platte prospect on Garden Banks Block 959 in the deepwater Gulf of Mexico. In the Gulf of Mexico, Total also holds a 33.3%
The US Department of the Interior will offer more than 21 million acres offshore Texas for oil and gas exploration and development in a lease sale that will include all available unleased areas in the Western Gulf of Mexico Planning Area. The Gulf of Mexico is a cornerstone of the United States’ energy portfolio.
A chemical analysis indicates that the source of oil sheens recently found floating at the ocean’s surface near the site of the Gulf of Mexico Deepwater Horizon oil spill is pockets of oil trapped within the wreckage of the sunken rig. The results are published this week in the journal Environmental Science & Technology.
Beaudreau released the final details for an oil and gas lease sale that will offer more than 20 million acres offshore and will make available all unleased areas in the Western Gulf of Mexico Planning Area. Earlier post.).
The US Department of the Interior reported that Western Gulf of Mexico Lease Sale 238 attracted $109,951,644 million in high bids for 81 tracts covering 433,823 acres on the US Outer Continental Shelf offshore Texas. A total of 14 offshore energy companies submitted 93 bids. The lease sale, which offered 21.6 The lease sale, which offered 21.6
BP announced the start-up of Na Kika Phase 3, a project supporting BP’s strategy of growing high-margin production at four BP-operated hubs in the ultra-deepwater Gulf of Mexico. The first Na Kika Phase 3 well began oil production on 19 February, with a second well expected to start up in the second quarter.
Chevron Corporation has sanctioned development of its $4-billion Big Foot project in the deepwater US Gulf of Mexico. Big Foot will be Chevron’s sixth operated facility in the deepwater Gulf of Mexico and located approximately 225 miles (360 km) south of New Orleans, Louisiana, in water depths of 5,200 feet (1,600 m).
Billions of barrels of oil may be potentially recoverable from residual oil zones in the US, according to initial findings from a study supported by the US Department of Energy’s Office of Fossil Energy (FE). Residual oil zones (ROZs), are areas of immobile oil found below the oil-water contact of a reservoir.
The US Bureau of Ocean Energy Management (BOEM) will offer more than 20 million acres offshore Texas for oil and gas exploration and development in a lease sale that will include all available unleased areas in the Western Gulf of Mexico Planning Area. Earlier post.) Earlier post.) billion in high bids for more than 2.4 million acres.
Under the agreement, Tesoro will purchase crude oil from Sapphire Energy’s Green Crude Farm in Columbus, New Mexico, which recently reached a new milestone: continuous cultivation and crude oil production. Wet extraction technology for algae-based crude oil has been considered one of the biggest challenges to commercialization.
Created through the North American Carbon Atlas Partnership, a joint cross-border mapping initiative by the United States, Canada, and Mexico, NACSA includes both low and high estimates for potential carbon dioxide storage capacity in North America.
In mid-December 2013, BP announced its discovery in the Gila prospect, its latest in the Paleogene in the deepwater US Gulf of Mexico. BP also confirmed the recently-announced Pitu oil discovery in the frontier deepwater of the Potiguar basin off Brazil’s equatorial margin, announced by Petrobras. Click to enlarge. Click to enlarge.
The American Chemical Society (ACS) will hold a special day-long symposium on the Deepwater Horizon oil spill on Tuesday, 24 Aug during its 240 th National Meeting & Exposition in Boston. The oil spill is a cross-disciplinary problem in which chemistry plays a key role in finding solutions. —co-organizer also of LSU.
US crude oil production for October averaged 5.36 Even though crude production last October had recovered from precautionary platform shut-ins in the Gulf of Mexico in the face of hurricanes Gustav and Ike last September, output levels then were still lower than this October’s by nearly 15%. API Statistics Manager Ron Planting.
announced discoveries at the Tamar Southwest (SW) exploration well offshore Israel and at the Dantzler exploration well in the Deepwater Gulf of Mexico. At Dantzler, wireline logging data indicates that the well encountered over 120 net feet of primarily crude oil pay in two high-quality Miocene reservoirs. Noble Energy, Inc.
The Proposed Final Program offers 11 potential lease sales in four planning areas—10 sales in the portions of three Gulf of Mexico Program Areas that are not under moratorium and one sale off the coast of Alaska in the Cook Inlet Program Area. The vast majority of US offshore oil production occurs in the Gulf of Mexico.
More than three-fourths of all oil and gas production in the US Gulf of Mexico has a lower greenhouse gas (GHG) intensity than the basin-wide average, according to a new S&P Global Commodity Insights analysis. The full range, including outliers, extends up to c. 900 kgCO 2 e/boe. 70 kgCO 2 e/boe.)
UK Energy Minister, Charles Hendry MP, unveiled a well-capping device developed by the Oil Spill Prevention and Response Advisory Group (OSPRAG) at the SPE Offshore Europe 2011 conference in Aberdeen. Its portable size and weight also makes it quickly deployable from a wide range of vessels, even during short weather windows.
Devon Energy Corporation has entered into agreements to sell all of its assets in the deepwater Gulf of Mexico, Brazil and Azerbaijan to BP for $7.0 Devon and BP will also form a heavy oil joint venture to develop BP’s Kirby oil sands leases in Alberta, Canada. billion in cash. BP group chief executive Tony Hayward.
Chevron’s focus on optimizing the thermal management of the Kern River field has resulted in a steady drop in the steam:oil ratio (barrels steam water per barrel oil), resulting in improved economics of the field even with slowly declining production. Data: California DOGGR. Click to enlarge. Source: Chevron. Click to enlarge.
Researchers from Japan and Mexico have developed a one-step hydrotreatment process over catalysts containing Ni-Mo and solid acids for the conversion of vegetable oils (Jatropha, palm and canola) to renewable diesel and LPG fuels. Jatropha oil produced the highest yield (wt %) of renewable diesel (83.5%), with 4.9%
Growth of production of Canadian oil sands. The Canadian oil sands are now poised to become the number one source of US crude oil imports in 2010, according to new research from the IHS CERA Canadian Oil Sands Dialogue. That WTW range is lower than that determined by a number of other studies, IHS CERA notes.).
Hess Corporation will proceed with the development of Tubular Bells, a deepwater oil and gas project operated by Hess in the Gulf of Mexico. The field lies in water depths ranging from 4,300 to 4,600 feet (1,311 to 1,402 meters). The development is estimated to cost $2.3
Secretary of the Interior Ken Salazar announced the Proposed Outer Continental Shelf (OCS) Oil and Gas Leasing Program for 2012-2017 , which makes more than 75% of undiscovered technically recoverable oil and gas resources estimated in federal offshore areas available for exploration and development. recoverable oil and mean of 398.4.
one of the world leaders in algae-based “Green Crude” oil production, and Phillips 66, an integrated energy manufacturing and logistics company, have entered a strategic joint development agreement aimed at taking production of algae crude oil a significant step toward commercialization. San Diego-based Sapphire Energy, Inc.,
An analysis of the US refining sector, based on linear programming (LP) modeling, finds that refining plausibly high volumes of Canadian oil sands crudes in US refineries in 2025 would lead to a modest increase in refinery CO 2 emissions (ranging between 5.4% to 9.3%) from a 2010 baseline, depending upon the supply scenario.
As one of the outcomes of the “Three Amigos” meeting in Ottawa, Canada Prime Minister Justin Trudeau, US President Barack Obama, and Mexico President Enrique Peña Nieto committed to an “ambitious and enduring” North American Climate, Clean Energy, and Environment Partnership. 50% clean power target.
Crude and lease condensate includes tight oil, shale oil, extra-heavy crude oil, field condensate, and bitumen (i.e., oil sands, either diluted or upgraded). oil shale), and refinery gain. OPEC oil producers are the largest source of additional liquid fuel supply between 2010 and 2040.
Energy executives expect continued volatility in the price-per-barrel of oil for the remainder of the year, with 64% predicting crude prices to exceed $121 per barrel. Only 35% think current crude prices are near the high they expect for oil this year, predicting the peak will be between $111 and $120 per barrel.
Pressures and temperatures outside these ranges are referred to as “Ultra-HPHT”, which represents the absolute limits of current technology. Ultra-HP/HT wells are currently being drilled in the Gulf of Mexico, on the shelf and in deep water. F (149-204 ?C).
BP, in its monitoring of Deepwater Horizon ’s blowout preventer (BOP) on the floor of the Gulf of Mexico, has identified a third leak in the riser of the deep underwater well, according to Doug Suttles, chief operating officer for BP Exploration and Production, during a press conference on the incident response held yesterday.
A GlobalData analysis of recent wells for 26 operators in the Permian basin indicates a break-even oil price range from US$21 to US$48 per barrel with lateral lengths ranging from 4,500 ft to 10,500 ft. —Svetlana Doh, Oil & Gas Analyst at GlobalData.
It may also help oil spill responders better understand oil that may reside in the subsided ecosystems. The study area ranges from coastal Mississippi to the Florida Panhandle, encompassing three sites in NOAA’s National Estuarine Research Reserve System.
Supporting an increased use of renewable and recycled materials such as recycled carbon black from end-of-life tires; synthetic rubber derived from recycled plastic bags and bottles; renewable soybean oil; and rice Husk Silica derived from rice husks, which gives a meaningful purpose to a typically discarded byproduct of rice harvesting.
Shale oil production generates greenhouse gas emissions at levels similar to conventional crude oil production, according to a pair of new studies released by the US Department of Energy’s Argonne National Laboratory. These are shale formations with low permeability and must be hydraulically fractured to produce oil and gas.
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