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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

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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. The full range, including outliers, extends up to c. 900 kgCO 2 e/boe. 70 kgCO 2 e/boe.)

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Chevrolet reveals 2024 Blazer EV; up to 320 miles of range

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The Blazer EV offers multiple distinct trims, multiple range options—including an available GM-estimated range of up to 320 miles on a full charge—and available front-, rear- and all-wheel-drive configurations. Chevrolet revealed the all-electric 2024 Blazer EV. Additional Blazer EV highlights include: 11.5

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

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Increased production in the Permian region and, to a lesser extent, in the Federal Offshore Gulf of Mexico (GOM) drives the forecast growth in production. Producers currently flare some of the natural gas they produce. EIA based the forecast on expectations of crude oil prices and infrastructure capacity additions. million b/d in 2023.

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Obama Administration to offer 40 million acres in the Gulf of Mexico for oil and gas development

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Beaudreau announced that Interior will offer more than 40 million acres for oil and gas exploration and development in the Gulf of Mexico in March lease sales. BOEM estimates the proposed sale could result in the production of approximately 1 billion barrels of oil and 4 trillion cubic feet of natural gas. billion in high bids.

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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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The Proposed Final Program offers 11 potential lease sales in four planning areas—10 sales in the portions of three Gulf of Mexico Program Areas that are not under moratorium and one sale off the coast of Alaska in the Cook Inlet Program Area. The vast majority of US offshore oil production occurs in the Gulf of Mexico.

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California and Mexico sign agreement to reduce GHGs

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and Mexico’s Ministry of Environment and Natural Resources Undersecretary Rodolfo Lacy and Mexican National Forestry Commission Director General Jorge Rescala Pérez signed an agreement to help reduce greenhouse gas emissions (GHGs). Strengthening fuel and truck efficiency standards and supporting green freight initiatives.

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Los Alamos-led study finds how to improve natural gas production in shale; hydrocarbon transport within nanopores

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Partners include the New Mexico Consortium, University of Maryland, and the National Institute of Standards and Technology Center for Neutron Research. The most challenging issue facing the shale energy industry is the very low hydrocarbon recovery rates: less than 10% for oil and 20% for gas.

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