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Archive for October, 2022

This will reduce the SPR to <400 million (from 727 million bbls when full) for the first time since May 1984

Posted in energy policy, tagged , on October 19, 2022| Leave a Comment »

As of 10/14/2022, the SPR inventory was 405.1 million barrels.

President Biden will announce on Wednesday that he is releasing 15 million more barrels of fuel from the Strategic Petroleum Reserve, a move aimed at easing gas prices three weeks before voters anxious over rising costs head to the polls as Democrats have been battered by GOP attacks on the economy.

WP

One objective is to support domestic drillers😀😀😀

The administration is also expected to release further details on timing for refilling the stockpile, reflecting its desire to combat rising pump prices while also supporting domestic drillers with future demand for their oil, they said.

Reuters

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Danish police confirm that powerful explosions caused the Nord Stream pipeline leaks

Posted in energy policy, pipelines, tagged , , , on October 19, 2022| Leave a Comment »

Still no clues as to the responsible parties.

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Comments on BSEE’s proposed Well Control Rule are due by Nov. 14

Posted in drilling, Offshore Energy - General, Regulation, well control incidents, tagged , , , on October 18, 2022| Leave a Comment »

Comments on BSEE’s proposed revisions to the Well Control Rule are due in 27 days (by Nov. 14). Given the fundamental importance of well control to offshore safety and pollution prevention, all interested parties are encouraged to comment. Although some of the proposed revisions are rather nuanced, the document is neither long nor complex.

My completely independent comments are being drafted and will be posted here after they have been submitted to Regulations.gov.

My comments will explain why the proposal may reduce the rigor of the BOP system performance standard and will address a related shear ram issue. The comments will also discuss the management of BOP equipment failure and other safety data, the use of independent third parties and standards development organizations, dual shear rams on surface BOP stacks, ROV intervention capabilities, and BOP test data reporting and management.

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Expect this type of behavior to continue

Posted in climate, energy policy, Offshore Energy - General, UK, Uncategorized, tagged , , , on October 17, 2022| Leave a Comment »

Two supporters of Just Stop Oil have thrown soup over Vincent Van Gogh’s Sunflowers, as actions in the capital roll into the 14th day. They are demanding that the UK government halts all new oil and gas projects.

Just Stop Oil

Why these stunts will continue in Europe and N. America:

  • Minimal penalties for their behavior.
  • Publicity and contributions. (Donate buttons are the main feature of JustStopOil)
  • Prominent supporters and leading political figures have endorsed their message, if not their conduct.
  • Weak, imbalanced educational systems, particularly with regard to energy.

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OCS Wind Program: the beginning

Posted in energy policy, Offshore Energy - General, Wind Energy, tagged , , , , , on October 14, 2022| Leave a Comment »

The need for alternate energy/use legislation was obvious to Minerals Management Service (predecessor of BSEE and BOEM) personnel decades ago given the growing interest in renewable energy projects and the reuse of offshore platforms. Twenty years ago, MMS staff took the initiative to draft alternate use amendments to the OCS Lands Act that MMS Director Johnnie Burton and the congressional liaison office worked closely with Congresswoman Barbara Cubin of Wyoming to gain support for the amendments and they were adopted as part of the Energy Policy Act of 2005

Attached below are the talking points used by MMS in briefing congressional staff and other agencies. These talking points were spot-on and have endured the test of time.

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Declining SPR nears the 400 million barrel mark

Posted in energy policy, tagged , , on October 13, 2022| Leave a Comment »

SPR “Milestones” update:

  • Largest-ever one year SPR decline – 208 million bbls or 33.7% (10/8/2021 to 10/7/2022)
  • 43.7% decline since 2010
  • 79 consecutive weeks of decline – 4/9/2021 to 10/7/2022
  • Lowest inventory since 6/15/1984

Don’t forget that in the spring of 2020 the previous administration proposed to refill the SPR to maximum capacity of 727 million barrels at $24 per barrel, but Congress failed to authorize the purchase.

Above numbers are end of year volumes except for 2022 which is as of 10/7

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Does this count as a comment on BOEM’s 5 Year OCS leasing plan? It should!

Posted in energy policy, Offshore Energy - General, tagged , , , on October 12, 2022| 1 Comment »

Jamie Dimon, CEO JPMorgan Chase

“In my view, America should have been pumping more oil and gas and it should have been supported,” Dimon told CNBC’s Julianna Tatelbaum at the JPM Techstars conference in London.

“We have a longer-term problem now, which is the world is not producing enough oil and gas to reduce coal, make the transition [to green energy], produce security for people,” he said.

“I would put it in the critical category. This should be treated almost as a matter of war at this point, nothing short of that,” he added.

“This is the chance to get our act together and to solidify the Western, free, democratic, capitalist, free people, free movements, freedom of speech, free religion for the next century,” he continued.

“Because if we don’t get this one right, that kind of chaos you can see around the world for the next 50 years.”

Jamie Dimon, CEO, JPMorgan Chase,

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Lebanon – Israel maritime boundary settlement

Posted in energy, natural gas, Offshore Energy - General, tagged , , , , , on October 11, 2022| Leave a Comment »

In a world where diplomacy seems to be lacking, it’s nice to learn that Israel and Lebanon have reached an agreement on their maritime boundary, and that both countries are satisfied. Based on press reports, it appears that the Qana gas field will fall under the control of Lebanon and that Israel will control the Karish field. Good for Lebanon, good for Israel, and good for energy!

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Well Control Rule comments

Posted in drilling, Offshore Energy - General, Regulation, tagged , , , on October 11, 2022| Leave a Comment »

Hopefully, the attached response is indicative of the quality of comments BSEE will receive on their proposed WCR revisions.

The comments, which were submitted by a retired engineer (always the best commenters 😉), express the opinion that BSEE should not remove the option for submitting failure data to BTS. While my comments will express a somewhat different opinion, I thought he made good arguments in support of his position.

bsee-2022-0009-0004_attachment_1Download

The chart below is excerpted from the SafeOCS Dashboard cited in the comment letter:

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California OCS: #law suits >>> #well starts

Posted in California, Offshore Energy - General, tagged , , , , , on October 10, 2022| Leave a Comment »

➡ Zero 2022 YTD well starts on the California OCS (per BSEE data the only well activity has been for plugging and abandonment purposes)

➡ Many law suits including these cases:

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