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Posted in Gulf of Mexico, hurricanes, Offshore Energy - General | Tagged Gulf of America, Hurricane Isaias, oil production, production shut-in | Leave a Comment »
Attached is the Sale Notice for the 3/3/2027 Cook Inlet oil and gas lease sale.
“The proposed sale would make approximately 1.05 million acres available for leasing in the northern portion of the Cook Inlet Planning Area, the same area offered in the Big Beautiful Cook Inlet 1 sale, held in March 2026.” ZERO bids were received at this sale!) Sale summary:
There are currently no active Federal leases in the Cook Inlet. The last well was drilled in 2007. That well was drilled directionally from shore into the Cosmopolitan Unit, a State Unit that included 2 Federal leases at the time.
BlueCrest Energy is operator of the Cosmopolitan Unit. The Alaska Department of Natural Resources threatened to revoke BlueCrest’s Cosmopolitan leases for not meeting the gas drilling requirements, but BlueCrest has reported that they have secured the financing to meet that obligation.
Hilcorp Energy is now the largest oil and gas operator and the largest gas supplier in Alaska. They were the last Federal leaseholder in the Cook Inlet area.
Below are the 8 leases that Hilcorp still held in 2024:
Will Hilcorp participate in the 2027 sale? BlueCrest? Anyone?
Posted in Alaska, energy policy, Offshore Energy - General | Tagged BlueCrest Energy, Cook Inlet, Hilcorp Energy, oil and gas lease sale | Leave a Comment »
Posted in hurricanes, Uncategorized | Tagged Brave or crazy, Hurricane Isaias | Leave a Comment »
Posted in Gulf of Mexico, hurricanes, Offshore Energy - General | Tagged Gulf of America, Hurricane Isaias, production shut-in | Leave a Comment »
Posted in Gulf of Mexico, hurricanes, Offshore Energy - General | Tagged Hurricane Isaias, oil production, shut-in production | Leave a Comment »
Posted in Gulf of Mexico, hurricanes, Offshore Energy - General | Tagged Gulf of America, Hurricane Isaias, MMA, production shut-in | Leave a Comment »
The proposed Sale Notice is attached. The terms, summarized below, are the same as for the other BBG sales. See the sale map for the blocks that correspond with with the legend categories.
Posted in energy policy, Gulf of Mexico, Offshore Energy - General | Tagged Notice of Sale, Gulf of America, sale terms, Lease Sale BBG4 | Leave a Comment »
Per MMA, nearly 1.3 million barels/day of Gulf of America oil production was shut-in as of noon ET today. Given that ~95% of Gulf production is from deepwater facilities, the high shut-in volume and the storm track (map below) tell us that major deepwater platforms in the eastern areas of the Gulf are shut-in. It’s also apparent that operators are prudently shutting in platforms well outside the projected hurricane track.
Posted in Gulf of Mexico, hurricanes, Offshore Energy - General | Tagged deepwater production, Gulf of America, Hurricane Isaias, oil production | Leave a Comment »
JL Daeschler informs us that Equinor may shun further investments in the UK if new oil and gas fields at Rosebank and Jackdaw are not approved.
Rosebank and Jackdaw are operated by Adura, an Equinor-Shell joint venture. Much of the infrastructure for Jackaw is already in place, and gas production could begin this winter when it may be badly needed. Production at Rosebank, which is primarily an oil field, could begin in the first half of 2027.
BBC quotes Equinor chief Anders Opedal:
“The question will be: is the UK investable in the future? I hope it will not come to that.”
“It’s a political choice.The North Sea oil and gas industry started on the UK side. We learned from the UK and it’s actually the same geology on both sides of the border – several fields actually cross it.”
Ithaca Energy is a 20% Rosebank owner. Ithaca has an Israel connection which has further incited project opponents. (Which do left-wing activists hate more – oil or Israel?)
Sadly, as JL laments, the UK is reaping what it has sown. Approval of Rosebank and Jackdaw is a small but important step toward energy sanity.
Posted in energy policy, Norway, Offshore Energy - General, UK | Tagged Equinor, Ithaca Energy, Jackdaw field, Rosebank, Shell, UK oil and gas | Leave a Comment »
Posted in Gulf of Mexico, hurricanes, Offshore Energy - General | Tagged hurricanes, Isaias, oil production, shut-in production | Leave a Comment »
