Drilling and Production News

  • BOEM to identify California offshore platform decommissioning issues

    June 22, 2017

    The US Bureau of Ocean Energy Management is trying to help identify issues that could arise as 27 offshore oil and gas platforms off southern California—all but three of which are in federal waters—are decommissioned, officials from the agency’s Pacific Region told members of BOEM’s Committee on Offshore Science and Assessment.

  • ExxonMobil lets contract for Liza FPSO offshore Guyana

    June 22, 2017

    ExxonMobil Corp. has confirmed letting various turnkey and lease and operate contracts for the next phase of the Liza project offshore Guyana. Based on one of these contracts, SBM Offshore will construct, install, lease, and operate a floating production, storage, and offloading vessel. ExxonMobil recently completed the front-end engineering studies and the final investment decision on the project.

  • Gulf operators begin evacuations as Tropical Storm Cindy approaches

    June 21, 2017

    Offshore oil and gas operators in the Gulf of Mexico began to evacuate platforms and rigs in preparation for Tropical Storm Cindy, the US Bureau of Safety and Environmental Enforcement announced.

  • ESAI: US shale oil production growth to slow in 2018

    June 21, 2017

    ESAI Energy forecasts that US shale oil production will reach 5.6 million b/d by Dec. 31, more than 1 million b/d higher than at the end of 2016. But the pace of growth is expected to slow in 2018 as current oil prices below $50/bbl are likely to hinder the momentum of rig additions.

  • Statoil gets okay for Njord, Bauge developments

    June 20, 2017

    Statoil ASA has received government approval for its plans for development and operation for Njord field and the nearby Bauge discovery in the Norwegian Sea.

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