Category: Gulf of Mexico

Pemex reserve replacement fell dramatically in 2013, filing shows

Pemex replaced only two thirds of the oil it produced last year with new reserves, according to regulatory filings.  More »

Offshore industry prepares for hurricane season

With hurricane season just days away, forecasters are predicting a more mild summer, but offshore producers are preparing nonetheless.  More »

Former official: Mexico JVs may take longer than expected

A former top energy official for Mexico on Thursday said it may be too early for Pemex to promise to farm out land rights to private companies looking to develop massive energy resources that the state-run oil company is expected to acquire soon.  More »

Commentary: Offshore rules cause some uncertainty, but goal is safety

George O. Wilkinson, a Houston partner with Vinson & Elkins, explains why uncertainty is emerging as federal regulators move toward performance-based rules for oil and gas operators in the Gulf of Mexico  More »

Apache selling deep-water Gulf projects for $1.4 billion

An Apache Corp. subsidiary will sell its non-operated interest in the massive Lucius and Heidelberg deep-water Gulf of Mexico developments as part of a $1.4 billion deal with Freeport-McMoRan Copper & Gold subsidiary, according to a Thursday morning announcement from Apache.  More »

Failure marked Shell’s Gulf quest before massive discovery

A decade before Royal Dutch Shell fired up production at the largest offshore facility in the world, it drilled an expensive dry hole.  More »

Post-Macondo regulations slow even Shell’s Mars B drilling

Royal Dutch Shell executives said Tuesday new regulators that require weekly testing of the equipment that failed BP in the massive 2010 Gulf of Mexico oil spill have added as much as a month to drilling time at its massive new offshore project.  More »

Pemex seeking partners for Eagle Ford and deep-water work

The booming Eagle Ford doesn’t stop at the Texas border, but for most producers, it essentially does — at least until now. That will soon change.  More »

Gulf researchers spot deep-sea creatures living near spill site

Samatha Joye and her team of researchers came back from a nearly month-long excursion to the Gulf of Mexico with a surprising discovery: Aquatic life appears to be flourishing again at the bottom of the ocean near the site of the massive 2010 oil spill.  More »

Next offshore frontier demands breakthrough in subsea technology

Key pieces of the subsea equipment used to gather deep-water oil and gas today wouldn’t last long under the pressures and temperatures of ultra-deep reservoirs that oil companies believe are the next frontier.  More »

BP tech chief: Enhanced oil recovery key to world reserves

BP’s head of research and technology says the world will get more of its future oil by squeezing additional barrels from old reservoirs than by discovering new ones.  More »

BP exec shares details on new, autonomous US shale unit

It’s hard for BP to compete in U.S. shale because it’s a market unlike any other that Big Oil knows well. It’s trying to make gains on private equity and smaller independent producers that can move at rapid speeds, BP Americas CEO John Minge said Monday.  More »

US deals rise as Big Oil sheds assets

First-quarter oil and gas deal-making in the U.S. reached its highest level in more than a decade, as Big Oil companies discarded assets to focus on their core operations.  More »

Justice Dept.: Shielding Transocean docs could threaten Gulf spill report

A U.S. attorney on Monday urged a federal appeals court to reject Transocean’s challenge to subpoenas for documents linked to the 2010 Gulf of Mexico oil spill, arguing they are pivotal for a regulatory report on the disaster due in June.  More »

Inside Noble Corp.’s new high-tech training center (photos)

As offshore drilling contractor Noble Corp. focuses increasingly on the most high-tech rigs, training has become even more critical to the way it does business.  More »