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ExxonMobil to acquire CCS solutions company Denbury for $4.9B

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an experienced developer of carbon capture, utilization and storage (CCS) solutions and enhanced oil recovery. —Dan Ammann, President, ExxonMobil Low Carbon Solutions In addition to Denbury’s carbon capture and storage assets, the acquisition includes Gulf Coast and Rocky Mountain oil and natural gas operations.

Companies 195
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Shell starts production at Vito in US Gulf of Mexico; new, simplified design

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With an estimated peak production of 100,000 barrels of oil equivalent per day, Vito is the company’s first deep-water platform in the GoM to employ a simplified, cost-efficient host design. The host is located approximately 150 miles (241 kilometers) southeast of New Orleans and 10 miles (16 kilometers) south of the Shell-operated Mars TLP.

Mexico 221
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bp starts up Manuel project in deepwater Gulf of Mexico; 20,100 boe/d

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The wells are expected to boost gross platform production by an estimated 20,100 barrels of oil equivant a day (boe/d). bp and Shell each hold a 50% working interest in the Manuel development. bp anticipates growth in its production in the US Gulf of Mexico to more than 400,000 boe/d by the mid-2020s.

Mexico 243
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Shell adds 3rd major discovery to the Norphlet play in the Gulf of Mexico; total potential now above 700M barrels oil equivalent

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The Jurassic-period Norphlet play is characterized by high pressures and well temperatures, where good quality oil can be found in high quality sandstone reservoirs. The Rydberg well is located 75 miles (120 kilometers) offshore in the Mississippi Canyon Block 525 in 7,479 feet (2,280 meters) of water. Norphlet play.

Mexico 225
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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. million acres on the US Outer Continental Shelf (OCS) offshore Louisiana, Mississippi and Alabama. billion in bid revenues.

Mexico 268
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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. million acres, located from three to 230 nautical miles offshore Louisiana, Mississippi, and Alabama, in water depths ranging from 9 to more than 11,115 feet (3 to 3,400 meters).

Mexico 223
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BP Plans to Deploy Subsea Oil Recovery System in 6-8 Days, Weather Permitting

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Concept of the subsea oil recovery system. BP is working to deploy a subsea oil recovery system over the largest leak source in the Transocean Deepwater Horizon Rig that it hopes will capture up to 85% of the oil rising from the sea floor following the sinking of Deepwater Horizon on 22 April. Tags: Oil. Not to scale.

Oil 294