Gulf of Mexico Archives - Page 11 of 17

Energy PE Firm HitecVision, Oman's Petrogas to Buy UK oilfields for $635 Million -Oil & Gas 360

Oil Release in the Gulf of Mexico Triggers BSEE Panel Investigation

October 17, 2017

BSEE Gulf of Mexico Region Director Lars Herbst initiated a Panel Investigation Monday into an oil release from subsea infrastructure located about 40 miles southeast of Venice, Louisiana in water 4,463 feet deep. The flowline release, which began Wednesday morning in an area identified as Mississippi Canyon 209, was reported by offshore oil and gas operator LLOG Exploration Offshore, LLC.

Industry Continues to See Improvements While Recovering from Harvey

September 6, 2017

The negative effects brought on by Hurricane Harvey are beginning to subside as oil and gas operations continue to return to pre-storm conditions. According to IHS, the port of Corpus Christi is open with no restrictions since Occidental loaded a crude tanker in the port over the weekend. Corpus Christi is a major exporting port for crude from both the

Hurricane Harvey Likely to Reduce U.S. Refinery Output: Baird

August 25, 2017

Hurricane Harvey, which is expected to make landfall around one o’clock in the morning on Saturday, August 26, may have an impact on the near-term energy outlook for the U.S. As of now, Harvey is classified as a Category-2 storm and is expected to be re-characterized to a Category-3 storm around the time it makes landfall. The last Category-3 hurricane

Hurricane Harvey Precautions: 14.7% of GOM NatGas Production is Shut-In – BSEE

August 24, 2017

472 MMcf/day shut-in as of 8/24/17; personnel evacuated from 39 production platforms in the Gulf as Harvey approaches The Bureau of Safety and Environmental Enforcement (BSEE) reported that offshore oil and gas operators in the Gulf of Mexico are evacuating platforms and rigs in preparation for Hurricane Harvey. The Bureau of Safety and Environmental Enforcement (BSEE) Hurricane Response Team is

BOEM Offers GOM Leases at Reduced Royalty Rate for Shallow Water Leases

July 17, 2017

In a step towards fulfilling the Five-Year National Outer Continental Shelf (OCS) Oil and Gas Leasing Program, U.S. Secretary of the Interior Ryan Zinke made known on July 13th the availability of 75.9 million acres in the Gulf of Mexico for lease for the purpose of oil and gas exploration. The acreage lies off the coast of Texas, Louisiana, Mississippi,

CorEnergy Has a Grasp on Stable Energy Infrastructure in GOM, Mid-Continent, NW

June 30, 2017

CorEnergy Infrastructure Trust, Inc. (ticker: CORR) holds the unique position of being the first publicly listed Real Estate Investment Trust that has a focus specifically in energy infrastructure. The company owns midstream and downstream assets, including pipelines, storage terminals, and distribution facilities. CorEnergy’s assets provide stable cash flows, on long-term assets, with little sensitivity to variations in commodity prices. The

President Trump, Secretary Zinke Begin Comment Period for 5-Year Offshore Oil and Gas Lease Program

June 29, 2017

“This is a truly amazing moment in the energy sector…” – Secs. Perry, Zinke and Pruitt At an event on Thursday, June 29, 2017, in order to help kick off what the Trump Administration has dubbed “Energy Week,” President Trump announced a public comment period for a new 5-year National Offshore Oil and Gas Leasing Program. The Secretary of the

BOEM Extends its Review of Financial Assurance Requirements for OCS Decommissioning

June 28, 2017

Secretary’s mandated review of NTL No. 2016-N01 will get more time In an announcement on June 22, 2017, BOEM reiterated that Secretary’s Order 3350, issued on May 1, 2017, directed BOEM to “promptly complete a review of Notice to Lessees (NTL) No. 2016-N01 and provide our recommendation on whether to implement this NTL to the Assistant Secretary – Land and

Denbury: CO2 + Wyoming, Mississippi Acquisitions

June 20, 2017

Denbury Resources Inc’s (ticker: DNR) producing acreage is spread across seven states in both the Rocky Mountain and Gulf Coast regions, with an estimated 254.5 MMBOE of proved reserves, as of December 31st, 2016. Denbury’s primary operational trait is its utilization of CO2 enhanced oil recovery (EOR) methods to increase recovered oil to approximately 50%. The company sources much of

PetroQuest Translating Cash Flow Growth into Production Growth

June 19, 2017

Between its East Texas and Gulf of Mexico assets, PetroQuest (ticker: PQ) produced 5.225 Bcfe during Q1, 2017 at an average rate of approximately 58 Mmcfe per day. The company’s 2016 reserves value was reported at approximately 115 Bcfe, 72% of which was located in the East Texas assets and the other 28% in the Gulf Coast assets. PetroQuest expects

First U.S. Floating LNG Project Delfin Gets License to Export 1.8 Bcf/Day

June 2, 2017

Delfin deepwater LNG clears export hurdle The U.S. Department of Energy approved a long-term application to export liquefied natural gas (LNG) from the U.S.’s first offshore project, Delfin LNG, LLC. Exports in the amount of 1.8 billion cubic feet per day (Bcf/d) of natural gas are approved from Delfin’s proposed offshore Louisiana floating LNG terminal in the Gulf of Mexico. Development of

Energy XXI Gulf Coast Plans to Spud Development Well in June

May 22, 2017

Energy XXI Gulf Coast releases Q1 results Energy XXI Gulf Coast, Inc. (ticker: EXXI), the post-bankruptcy incarnation of Gulf of Mexico operator Energy XXI, reported operational and financial results for the first quarter of 2017. Highlights: Produced an average of approximately 41,000 barrels of oil equivalent (“BOE”) per day in the first quarter of 2017, of which 71% was oil Reported

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