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Mexico President Calderón announces first PEMEX deepwater Gulf of Mexico oil discovery; preliminary indication of 350M barrels oil equivalent

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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

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EIA: US crude oil production will increase to new records in 2023 and 2024

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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.

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Exxon Mobil beginning development of ultra-deepwater Julia oil field in Gulf of Mexico

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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.

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Obama Administration to offer 40 million acres in the Gulf of Mexico for oil and gas development

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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.

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Oil and gas lease sale in Central Gulf of Mexico draws more than $1.7B in high bids for more than 2.4M acres; Shell, Statoil, BP top high bidders

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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 Mexico oil 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.

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Sandia researcher calculates likely discharge of 4.9-5.8 million barrels of oil from Deepwater Horizon well

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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.

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ExxonMobil announces three discoveries in deepwater Gulf of Mexico, potential recovery of 700+M barrels oil equivalent

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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).

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