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EIA: US crude oil production will increase to new records in 2023 and 2024

Green Car Congress

In its January 2023 Short-Term Energy Outlook , the US Energy Information Administration (EIA) forecasts that crude oil production in the United States will average 12.4 In 2022, US crude oil production averaged an estimated 11.9 The forecast of crude oil production in the Permian increases by 470,000 b/d to average 5.7

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S&P Global: More than 75% of oil and gas production in US Gulf of Mexico has lower than average greenhouse gas intensity

Green Car Congress

More than three-fourths of all oil and gas production in the US Gulf of Mexico has a lower greenhouse gas (GHG) intensity than the basin-wide average, according to a new S&P Global Commodity Insights analysis. However, about 78% of the total production was found to be beneath that average. 900 kgCO 2 e/boe.

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Woodside approves investment in $7.2B Trion development in deepwater Gulf of Mexico; first oil in 2028

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Australia-based Woodside Energy has made a final investment decision to develop the large, high-quality Trion resource in the deepwater Gulf of Mexico. First oil is targeted for 2028. Trion is a greenfield development that would represent the first oil production from Mexico’s deepwater. billion (US$4.8

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EIA: proved reserves of US natural gas established a new record; oil reserves increased by 16% at the end of 2021

Green Car Congress

In 2021, proved reserves of natural gas set a new record in the United States, and proved reserves of crude oil and lease condensate increased, but not quite to pre-pandemic levels, according to the US Energy Information Administration (EIA). Alaska had the largest increase in proved reserves of natural gas in 2021 (173%, 63.3

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DOI: latest Gulf of Mexico oil & gas lease sales garner $872M in high bids

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Secretary of the Interior Sally Jewell announced that the latest oil and gas lease sales for federal waters in the Gulf of Mexico garnered $872,143,771 million in high bids on 329 tracts covering 1,707,358 acres. A total of 50 offshore energy companies participated in submitting 380 bids. billion in bid revenues.

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Why did a Gulf of Mexico oil drilling lease sale just happen under Biden?

Electrek

The US Bureau of Ocean Energy Management (BOEM) held a lease sale in the Gulf of Mexico yesterday for oil and gas drilling rights. more… The post Why did a Gulf of Mexico oil drilling lease sale just happen under Biden?

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US offshore oil and gas leasing plan for 2017-2022 focuses on Gulf of Mexico, excludes Arctic

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US Secretary of the Interior Sally Jewell and Bureau of Ocean Energy Management (BOEM) Director Abigail Hopper released the final plan to guide future energy development for the Nation’s Outer Continental Shelf (OCS) for 2017-2022. The vast majority of US offshore oil production occurs in the Gulf of Mexico.

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