Green Car Congress

DECEMBER 12, 2017

million to six new projects to develop new technologies, processes, or procedures that could result in improved understanding and management of systemic risk in offshore oil and gas operations. The project focuses on gaps in understanding about the behavior of riser gas under high temperature and pressure.

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Oil Gas Louisiana Mariner 150

Green Car Congress

DECEMBER 23, 2013

The US-Mexico Transboundary Hydrocarbons Agreement, which establishes a framework for US offshore oil and gas companies and Mexico’s Petroleos Mexicanos (PEMEX) jointly to develop transboundary reservoirs ( earlier post ), was enacted today as part of the Bipartisan Budget Act ( H.J.Res.59 Click to enlarge.

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Mexico Parts Obama Oil 230

Green Car Congress

JUNE 8, 2011

Exxon Mobil Corporation announced two major oil discoveries and a gas discovery in the deepwater Gulf of Mexico after drilling the company’s first post-moratorium deepwater exploration well. “This is one of the largest discoveries in the Gulf of Mexico in the last decade.” Graphic: Business Wire).

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Mexico Oil Water Gas 186

Green Car Congress

AUGUST 23, 2012

Increased activity in the Exploration and Production (E&P) sector will be the primary driver in pushing oil and gas capital expenditure (capex) to $1.039 trillion for 2012, according to the latest report by business intelligence firm GlobalData. GlobalData predicts Asia-Pacific to follow very closely with a capex of $253.1

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Green Car Congress

AUGUST 21, 2014

The US Department of the Interior reported that Western Gulf of Mexico Lease Sale 238 attracted $109,951,644 million in high bids for 81 tracts covering 433,823 acres on the US Outer Continental Shelf offshore Texas. A total of 14 offshore energy companies submitted 93 bids. The lease sale, which offered 21.6 billion in bid revenues.

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Green Car Congress

AUGUST 31, 2011

The Gulf of Mexico Research Initiative (GRI) Research Board announced that eight Research Consortia will be funded for the next three years with a total of $112.5 million to study the effects of the Deepwater Horizon oil spill in the Gulf of Mexico. Project Title: Gulf of Mexico Integrated Spill Response Consortium.

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Mexico Oil North Carolina Florida 225

Green Car Congress

SEPTEMBER 7, 2011

BP announced today the drilling of a successful appraisal well in a previously untested northern segment of the Mad Dog field in the deepwater US Gulf of Mexico. The well encountered about 166 net feet (50 meters) of hydrocarbons in the objective Miocene hydrocarbon-bearing sands and discovered an oil column of more than 300 feet (91 meters).

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Green Car Congress

APRIL 28, 2017

BP announced a major breakthrough in seismic imaging that has identified more than 200 million barrels of additional resources at BP’s Atlantis field in the deepwater Gulf of Mexico. The subsurface property models that are created by FWI are used to create high quality and high resolution images of oil and gas reservoirs.

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Green Car Congress

APRIL 15, 2017

A team of researchers at MIT has developed a coating that could stop the buildup of hydrate ices that slow or block oil and gas flow. These hydrates are potentially explosive and are largely responsible for the initial failure to contain the Deepwater Horizon oil spill that rocked the Gulf of Mexico in 2010. 7b00223.

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MIT Oil Gas Water 150

Green Car Congress

DECEMBER 4, 2016

BP has sanctioned the $9-billion Mad Dog Phase 2 project in the United States, despite the current low oil price environment. Oil production is expected to begin in late 2021. Oil production is expected to begin in late 2021. In 2013, BP (operator, with 60.5% Earlier post.).

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Green Car Congress

AUGUST 26, 2014

In its latest Monday note, energy research company Douglas-Westwood wrote that the Exploration & Production industry (E&P), experiencing rising global hydrocarbon demand as well as rising costs, is facing the technical challenge of the development of High Pressure – High Temperature (HPHT) reserves.

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Industrial Industry Oil Gas 231

Green Car Congress

AUGUST 14, 2021

Javelina controls approximately sixty million cubic feet per day (MMcf/d) of hydrogen production through a combination of hydrogen entrained in the refineries’ waste gas that the facility processes, and hydrogen produced through a steam methane reformer process. Howard closed on the purchase of Javelina in February of this year.

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San Antonio Hydrogen Convert Mexico 170

Green Car Congress

NOVEMBER 16, 2016

The Wolfcamp shale in the Midland Basin portion of Texas’ Permian Basin province contains an estimated mean of 20 billion barrels of oil, 16 trillion cubic feet of associated natural gas, and 1.6 billion barrels of natural gas liquids, according to an assessment by the US Geological Survey.

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Oil Texas United States Delaware 150

Green Car Congress

JULY 22, 2010

Chevron, ConocoPhillips, ExxonMobil and Shell plan to build and deploy a rapid response system that will be available to capture and contain oil in the event of a potential future underwater well blowout in the deepwater Gulf of Mexico. The companies have committed $1 billion to fund the initial costs of the system.

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Mexico Oil Chevron Mariner 186

Green Car Congress

AUGUST 18, 2021

Anglo-Australian BHP Group is merging its oil and gas business with Woodside Petroleum Ltd. Shenzi is a six-lease development in the deepwater Gulf of Mexico and is structured as a joint ownership: BHP (Operator, 72% interest) and Repsol S.A. (28% 2P reserves of more than 2 billion boe comprising 59% gas, and 41% liquids.

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Future Trinidad Mexico Australia 221

Green Car Congress

JULY 16, 2017

OPEC exports have come under pressure this week from technical threats to oil fields, with Saudi Arabia’s Manifa problems grabbing the headlines. At the same time, Saudi Arabia’s export volumes have been hit by high local summer demand for crude oil and products. by Cyril Widdershoven for Oilprice.com.

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Oil Libya Nigeria Qatar 186

Green Car Congress

JANUARY 21, 2015

US oil and gas rig counts dropped to their lowest level in over four years, falling by an additional 74 units for the week ending on January 16. The lower count provides fresh evidence that low oil prices are forcing drillers to pare back operations and slash spending. That pushed companies to focus on wet gas and oil.

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Oil Prices Oil Price Mexico 150

Green Car Congress

NOVEMBER 30, 2011

and China-based CNOOC Limited have finalized a joint venture that will give CNOOC a working interest in up to six deepwater exploration wells in the Gulf of Mexico. CNOOC is China’s largest producer of offshore crude oil and natural gas and one of the largest independent oil and gas exploration and production companies in the world.

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Mexico Oil-Sands Oil Canada 218

Green Car Congress

JANUARY 16, 2012

United States M&A activity for upstream oil and gas deals set records in 2011 for both deal values and deal counts, according to PLS, Inc., a provider of information, marketing and advisory services for the oil and gas industry. We expect continued strong activity in oil and liquids-rich resource plays in 2012.

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El Paso 2011 Oil Gas 225

Green Car Congress

NOVEMBER 26, 2015

Crude oil just capped off a third straight week of declines, as WTI nears the $40 per barrel threshold. Goldman Sachs is once again raising the possibility of oil dipping into the $20s per barrel. Many companies have already slashed spending and culled their payrolls, but the total number of job losses continues to climb.

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Texas Oil Oil Prices Mexico 150

Green Car Congress

JANUARY 30, 2016

Shell Oil Company has signed an agreement with Ryder System for 15 liquefied natural gas (LNG) heavy-duty vehicles supporting oil and gas logistics operations in Lafayette, La. facility, which is being engineered to meet the unique compliance requirements for natural gas. and Houston, Texas.

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Louisiana Texas Oil Diesel 150

Green Car Congress

JUNE 27, 2018

During the last three years, companies operating in the Permian basin have drilled much longer laterals and used substantially more complex well completion design in their newer wells with the aim of reaching higher initial production (IP) rates. —Svetlana Doh, Oil & Gas Analyst at GlobalData.

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Oil Chevron Texas New Mexico 236

Green Car Congress

SEPTEMBER 29, 2014

Rosneft announced a major oil discovery at the East-Prinovozemelskiy-1 license area in the Kara Sea, following the successful completion of the drilling of the northernmost well in the world—the Universitetskaya-1 well. The drilling was completed in record time: one and a half months, the company said. Earlier post.)

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Green Car Congress

JULY 15, 2021

These should be traveling the world’s oceans by the end of 2023, serving the North American route between Emden in Germany and Veracruz in Mexico. The company follows the principle of focusing first on the avoidance of CO 2 emissions and then on reducing emissions as far as possible.

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Emissions Mariner Climate Climate Protection 476

Green Car Congress

AUGUST 28, 2019

that owns all of BP’s upstream oil and gas interests in Alaska, and BP Pipelines (Alaska) Inc.’s Hilcorp has been operating in Alaska since 2012 and is today the largest private oil and gas operator in the state, currently operating more than 75,000 barrels of oil equivalent a day (boe/d) gross production.

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Alaska Oil Mexico 2019 207

Green Car Congress

AUGUST 12, 2015

Saudi Arabia has long enjoyed the status of being the top crude oil exporter in the world. With record production of 10.564 million barrels per day in June 2015, Saudi Arabia has been one of the major driving forces behind the current oil price slump. This could eventually result in refiners cutting their crude oil imports.

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Oil Prices Saudi Arabia Oil Price 150

Green Car Congress

JANUARY 29, 2015

BP) and ConocoPhillips Company (COP) to explore and to appraise jointly-held offshore leases in the emerging Paleogene trend in the deepwater Gulf of Mexico. Malo oil production platform in the Paleogene/Lower Tertiary on time and on budget. —Richard Morrison, president of BP’s Gulf of Mexico business. – Gila.

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Chevron Mexico Oil Louisiana 150

Green Car Congress

JANUARY 6, 2012

Marubeni Corporation announced that Marubeni Eagle Ford Limited Partnership, a US subsidiary of Marubeni, has entered into an agreement with Dallas based Hunt Oil Company to acquire a 35% working interest in the Eagle Ford shale oil and gas play covering approximately 52,000 net acres of oil and gas leases located in Texas.

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Green Car Congress

JUNE 27, 2012

World oil production capacity to 2020 (crude oil and NGLs, excluding biofuels). Oil production capacity is surging in the United States and several other countries at such a fast pace that global oil output capacity could grow by nearly 20% from the current 93 million barrels per day to 110.6 Source: Maugeri 2012.

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Oil Oil-Sands Price Production 261

Green Car Congress

AUGUST 17, 2011

A computer model that tests automobile components for crashworthiness could also be of use to the oil and gas industry, according to researchers at MIT’s Impact and Crashworthiness Laboratory, who are now using their simulations of material deformation in car crashes to predict how pipes may fracture in offshore drilling accidents.

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Green Car Congress

DECEMBER 10, 2013

one of the world leaders in algae-based “Green Crude” oil production, and Phillips 66, an integrated energy manufacturing and logistics company, have entered a strategic joint development agreement aimed at taking production of algae crude oil a significant step toward commercialization. San Diego-based Sapphire Energy, Inc.,

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Oil Energy San Diego Columbus 199

Green Car Congress

DECEMBER 14, 2009

The agreement, which is subject to XTO stockholder approval and regulatory clearance, will enhance ExxonMobil’s position in the development of unconventional natural gas and oil resources. XTO’s resource base is the equivalent of 45 trillion cubic feet of gas and includes shale gas, tight gas, coal bed methane and shale oil.

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Oil Fort Worth West Virginia Gas 186

Green Car Congress

MARCH 30, 2011

Meeting the goal of cutting US oil dependence depends largely on two things, Obama said: finding and producing more oil at home, and reducing dependence on oil with cleaner alternative fuels and greater efficiency. The Administration is pushing the oil industry to produce on leases already held.

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Obama Oil Gas-Electric Purchase 268

Green Car Congress

JANUARY 4, 2012

Maersk Oil and other partners declared the Azul-1 deepwater exploration well, located in Block 23 in the Kwanza Basin, a discovery well. The condition of the well prevented an assessment of flow capacity by a conventional test; this was performed as a mini-Drill Stem Test that enabled the recovery of two good quality oil samples.

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Angola Oil Algeria Kazakhstan 199

Green Car Congress

JULY 23, 2018

GTI (Gas Technology Institue) is leading a high-profile program on Hydraulic Fracturing Test Sites (HFTS) in the Permian Basin, bringing together government and industry to improve recovery, continue enhancing environmentally responsible methods of optimizing production, and lowering costs in the Midland and Delaware Basins.

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Delaware Production Texas New Mexico 210

Green Car Congress

OCTOBER 28, 2009

Petrobras will be the first company to operate an FPSO (floating oil production, storage and outflow) type platform in the American portion of the Gulf of Mexico (GoM), in the Cascade and Chinook fields. The FPSO is slated to set sail from Singapore in December 2009 and to arrive in the Gulf of Mexico in early 2010.

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Mexico Singapore Water Oil 220

Green Car Congress

JUNE 17, 2015

Exxon Mobil has started production at its Kearl oil sands expansion project in Alberta, Canada ahead of schedule; the expansion is expected to double overall capacity to 220,000 barrels of bitumen a day, with the expansion itself ultimately expected to reach 110,000 barrels per day. Kearl will access approximately 4.6 Earlier post.).

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