U.S. Offshore
News
January 03, 2022
TGS and WesternGeco announced the continuation of their ultra-long offset ocean-bottom node acquisition in Green Canyon, U.S. Gulf of Mexico. Data processing and imaging are by WesternGeco.
News
January 29, 2021
“We have concerns about investment, particularly in light of the pandemic,” OPEC Secretary-General Mohammad Barkindo said at a virtual conference in Iran on Jan. 26. Starving the industry of capital today “could sow the seeds for extreme volatility down the road.”
News
January 29, 2021
America is the world’s biggest consumer of crude oil, and any restrictions of domestic production will mean more will have to be shipped in from other countries with less stringent humanitarian and environmental laws.
News
January 29, 2021
“The Texas upstream oil and gas economy was already in a state of decline before Covid-19,” said Alliance Executive V.P. and Petroleum Economist Karr Ingham, in exclusive comments to World Oil, adding that the demand contraction in the U.S. and globally was easily the sharpest demand drop in the shortest amount of time on record.
News
January 29, 2021
In a harbinger for the rest of the oil industry, Chevron’s results evince the challenges facing energy producers battered by 2020’s pandemic-driven collapse in demand and prices.
News
January 29, 2021
After former Secretary of State John Kerry, warned that natural gas pipelines could become “stranded assets” within 30 years as the administration seeks to end carbon emissions from power plants, owners turn to hydrogen to keep three million miles of U.S. pipelines from going obsolete.
News
January 28, 2021
“We are rooting for President Biden to lead America out of crisis,” API President and CEO Mike Sommers said. “As he works toward that important goal, he faces clear choices. Energy abundance or foreign dependence. American jobs or overseas jobs. Economic revival or small-town decline. Progress or retreat. Thus far, President Biden is on the wrong side of a number of these consequential choices.”
News
January 28, 2021
In the days before taking office, President Biden promised to unify the country. Then, in his first order of business, promptly alienated Alaska and other states that rely on energy development to keep the lights on in their communities.
News
January 28, 2021
High on the agenda for the U.S. and Indian oil companies: reinstating transactions known as oil swaps that would allow companies to receive Venezuelan crude in exchange for supplying diesel fuel.
News
January 28, 2021
When President Biden banned fossil fuel leases on federal lands, he left out coal -- the fossil fuel most widely blamed for global warming. It was a conspicuous omission for a president who has vowed to make the electric grid carbon-free by 2035 and who has said the world’s “future rests in renewable energy.”
News
January 28, 2021
“The region that would bear the brunt of the oil and gas ban are the deep waters of the Gulf of Mexico since it’s entirely owned by the U.S. government,” said Elisabeth Murphy, ESAI Energy LLC upstream analyst for North America. It would mean a 40% output drop for the Gulf by 2030, she said.
News
January 27, 2021
Western Energy Alliance, which says it represents 200 oil and natural gas companies, said the administration’s suspension of leases is “unsupported and unnecessary,” and an overreach by the U.S. Bureau of Land Management, according to a petition filed Wednesday in Wyoming federal court.
News
January 27, 2021
“There is never a good time to disrupt domestic energy production, especially during a pandemic, but doing so at a time when our nation is in need of economic recovery is especially counter-productive and short-sighted,” said U.S. Chamber of Commerce Global Energy Institute President Marty Durbin.
News
January 27, 2021
President Joe Biden took executive action on Wednesday to block new leases for oil drilling on federal lands and waters for one year and ordered a review of fossil-fuel subsidies and other measures to overhaul how the U.S. produces energy.
News
January 26, 2021
The U.S. Energy Information Administration expects total energy-related CO2 emissions to increase to 4.8 billion metric tons in 2021 and 4.9 billion metric tons in 2022.
News
January 26, 2021
The order directs agencies to strengthen requirements so that they acquire more goods and services from U.S. companies and workers, according to administration officials. The agencies spend almost $600 billion through these contracts.
News
January 25, 2021
The cat-and-mouse games that avoid detection and sanctions include ship-to-ship transfers, shell companies and silenced satellite signals. But there’s another aspect to the dodge. It involves “doping” the oil with chemical additives and changing its name in the paperwork so it can be sold as a wholly different crude without a trace of its Venezuelan roots.
News
January 25, 2021
With the U.S. campaign of “maximum pressure” now over, Iran’s oil customers may be growing a little bolder.
News
January 22, 2021
President Biden's focus on fiscal spending, a probable lack of urgency in lifting sanctions on Iran and restrictions on the North American energy industry all combine to support oil prices, Goldman Sachs analysts wrote in a note dated Jan. 21.
News
January 22, 2021
On his first day in office, President Joe Biden made good on a campaign promise to cancel the Keystone XL oil pipeline and suspended new drilling permits over the next 60 days. This week, Biden will go even further: suspending the sale of oil and gas leases on federal land, where the U.S. gets 10% of its supplies.
News
January 22, 2021
As chairman of the U.S. Federal Energy Regulatory Commission, Richard Glick can push for more comprehensive environmental reviews and prioritize projects to pave the way for more of the wind and solar farms key to Biden's 2035 clean energy targets.
