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To date, there have been no public reports of any significant damage to offshore facilities.
Per MMA’s update as of noon today:
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The world’s first floating production unit and the North Sea’s first production facility was in the Argyll field in the UK sector of the North Sea.
JL Daeschler made a presentation on the project at Offshore Europe 1977. See the attached summary.
As JL highlights in the attachment, the press focused on the the perceived negative – the rather high water cut. JL addressed the water production issue by carefully designing the deck handling facilities.
Per JL, “we had some fun for 2 years getting the separator to work in +/- 3 degree pitch and roll, then had the additional water handling challenge.”
The team worked it out. JL can laugh about the challenges now. He proudly notes that “the field produced for 20 years + thanks to evolving technology and first class engineers and contractors.” Such was the life of a pioneering offshore engineer.
Posted in Offshore Energy - General, UK | Tagged Argyll field, first production, JL Daeschler, North Sea, UK North Sea | Leave a Comment »
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 »
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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 »
