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Shell starts production at Stones in the Gulf of Mexico; deepest offshore oil and gas project

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Shell has begun production from the Stones development in the Gulf of Mexico. Stones is expected to produce around 50,000 barrels of oil equivalent per day (boe/d) when fully ramped up at the end of 2017. In the event of a severe storm or hurricane, it can disconnect and sail away from the field. miles) of water.

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US and Mexico sign agreement for development of transboundary oil and gas resources in Gulf of Mexico; access to nearly 1.5M acres of US Outer Continental Shelf

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The US and Mexico have signed an agreement on the exploration and development of oil and natural gas reservoirs along the United States’ and Mexico’s maritime boundary in the Gulf of Mexico. The US-Mexico maritime boundary (and Western Gap) in the Gulf of Mexico. Source: Richard McLaughlin.Click to enlarge.

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US-Mexico Transboundary Hydrocarbons Agreement enacted as part of the budget act

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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 As a result of the agreement, nearly 1.5

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$112.5M awarded to research consortia studying effects of Deepwater Horizon oil spill on Gulf of Mexico

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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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Oil Majors Plan New Spill Capture and Containment System for Gulf of Mexico; Initial $1B Investment

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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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Shell moves forward with ultra-deepwater Stones project in Gulf of Mexico; deepest production facility in world

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Royal Dutch Shell plc (Shell) made a final investment decision in the Stones ultra-deepwater project, a Gulf of Mexico oil and gas development expected to host the deepest production facility in the world. With an FPSO, tankers will transport oil from the Stones FPSO to US refineries, and gas will be transported by pipeline.

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National Academies’ Gulf Research Program awards $10.8M to address systemic risk in offshore oil and gas operations

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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 Gulf Research Program (GRP) of the National Academies of Sciences, Engineering, and Medicine is awarding $10.8 Florida Maxima Corporation.

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