Current US Drilling Trends and Future Oil Production
Looking at the data of active US oil rigs available from Baker Hughes – which is taken as a proxy for the level of upstream activity in the country – and the US crude production numbers from the EIA shows an evident lag between the two indicators. Between December 2016 and December 2017, when the ...U.S. Federal Gulf of Mexico crude oil production to continue to set records through 2020
Despite tighter forecast global petroleum markets in the second half of 2019, EIA expects that the Brent crude oil price will average $60.63/b in the second half of 2019, nearly unchanged from the $60.68/b forecast in the September STEO. EIA forecasts that global petroleum inventories will increa ...The Gulf of Mexico Keeps Drawing Interest
Of that (relatively large) portion, a fraction was leased in the recent US Gulf of Mexico Lease Sales 253. The results of the US Gulf of Mexico Lease Sales 253 shows that the industry is cautiously optimistic that this won't happen. Main Bids for US Gulf of Mexico Lease Sale 253 
Unión Cuba-Petróleo (CUPET), in partnership with BGP, will be running a promotional event to include presentations and data viewing relating to the 2019 licensing round, alongside the EAGE conference, 3-6 th June 2019. Twenty four (24) blocks offshore in the Cuban economic exclusive zone of the G ...New Projects Expected to Reverse Gulf of Mexico Natural Gas Production Declines
Source: U.S. Energy Information Administration, Natural Gas Monthly Natural gas production in the U.S. Federal Gulf of Mexico (GOM) has been declining for nearly two decades. However, 10 new natural gas production fields are expected to start producing natural gas in 2018 and another 8 are e ...Chevron Announces First Oil From Big Foot Project in the Deepwater Gulf of Mexico
Chevron Corporation (NYSE:CVX) has announced that the Chevron-operated Big Foot deepwater project, located in the U.S. Gulf of Mexico, has started crude oil and natural gas production. The field is located approximately 225 miles (360 km) south of New Orleans, La., in a water depth of approximately ...Kosmos Energy Ltd - 3rd Quarter Results
DALLAS--(BUSINESS WIRE)-November 5, 2018-- Kosmos Energy Ltd. ("Kosmos") (NYSE: KOS) announced today financial and operating results for the third quarter of 2018. For the third quarter of 2018, the Company generated a net loss of $126.1 million, or $0.31 per diluted share as compared to net loss ...
Eyes on Colorado's Proposition 112 in November 6 Midterm Elections HOUSTON (November 5, 2018) S&P Global Platts Analytics, today announced the total U.S. rig count for October 2018 was 1,174, down 1 (0%) from September 2018, and up 126 (+12%) from October 2017. This rig count includes U.S. onsh ...Hess Reports Estimated Results for the Third Quarter of 2018
Key Highlights: Announced a ninth oil discovery on the Stabroek Block, offshore Guyana, at the Hammerhead-1 exploration well located approximately 13 miles southwest of the Liza-1 well The Hammerhead discovery adds to the previously announced estimate of gross discovered recoverable reso ...PTS and HWCG LLC to Host Well Testing & Water Treatment Showcase
Production Technology and Services, Inc. (PTS), a provider of complete offerings in all facets of well testing, and HWCG LLC, a consortium of deepwater operators and non-operators in the Gulf of Mexico with the goal to protect people, property and the environment, will host a Well Testing and Wat ...BHP Operational Review For the Quarter Ended 30 September 2018
BHP OPERATIONAL REVIEW FOR THE QUARTER ENDED 30 SEPTEMBER 2018 Group copper equivalent production increased by 2% in the September 2018 quarter despite maintenacne across a number of operations. Volumes for the 2019 financial year are expected to be broadly in line with last year(1) ...TGS and Schlumberger Announce New Multiclient Nodal Seismic Project in US Gulf of Mexico
ASKER, NORWAY (12 October 2018) - TGS and Schlumberger today announced a new multiclient nodal seismic project in the U.S. Gulf of Mexico. The project, named "Amendment," will comprise acquisition of a 2,350-km 2 multiclient seismic survey in the Mississippi Canyon and Atwater Valley protractio ...
Legacy Platts RigData Evolves its Methodology to Provide More Complete View of Rig Activity - Data Shows Activity Slowing for Texas' Permian, Denver Julesburg and SCOOPS/STACK Shale Basins – NEW YORK (October 4, 2018) – S&P Global Platts, the leading independent provider of information, benchm ...Subsea 7 Awarded Integrated Contract Offshore US Gulf of Mexico
Subsea 7 today announced the award of a sizeable (1) contract by Fieldwood Energy to Subsea Integration Alliance (2) , a global partnership between Subsea 7 and OneSubsea, a Schlumberger company. The award is for the deepwater Katmai field development in the US Gulf of Mexico's Green Canyo ...Interventek Secures £1M Order From PRT Offshore For Their Revolution In-Riser Subsea Safety Valve
Interventek Subsea Engineering has secured recent orders in excess of £1 million for their Revolution in-riser shear and seal safety valve. The orders represent repeat business, from Louisiana based Professional Rental Tools LLC (PRT Offshore) to support well completion and intervention oper ...
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