Archive for the ‘oil’ Category
Ministerial Forum on Well Capping and Containment
Posted in conferences, drilling, oil, tagged Department of the Interior, offshore drilling, Salazar, well containment on March 29, 2011| Leave a Comment »
Quebec to be an offshore producer?
Posted in gas, offshore, Offshore Energy - General, oil, tagged Canada, Gulf of St. Lawrence, Old Harry, Quebec on March 28, 2011| Leave a Comment »
Quebec and Ottawa have struck a “historic” deal to allow the province to draw oil and natural gas royalties from the disputed Old Harry area of the Gulf of St. Lawrence, says Quebec Premier Jean Charest.
…The new deal is expected to give Quebec 100 per cent of the royalties from offshore resources. CBC News
Two US votes of confidence for Petrobras
Posted in Offshore Energy - General, oil, tagged Brazil, Cascade Chinook, FPSO, offshore oil, Petrobras on March 21, 2011| Leave a Comment »
- The Petrobras Cascade-Chinook project, which includes the first Floating Production Storage and Offloading (FPSO) facility in the Gulf of Mexico, received final approval.
- The US will be a major purchaser of Brazilian (Petrobras) deepwater oil production. Will some of the tankers pass through US offshore areas that are closed to exploration and production?
Coast Guard Issues First Certificate of Compliance for Gulf of Mexico FPSO
Posted in Offshore Energy - General, oil, tagged BW Pioneer, Cascade Chinook, FPSO, Gulf of Mexico, Petrobras on March 5, 2011| Leave a Comment »
BW Pioneer
The US Coast Guard has issued the first ever Certificate of Compliance for a Floating Production Storage and Offloading (FPSO) facility in the Gulf of Mexico.
The BW Pioneer, under lease to Petrobras, will operate in the Cascade and Chinook fields.
PSA Reports on BP Audit
Posted in Norway, Offshore Energy - General, oil, tagged bp, Norway, offshore oil, PSA, safety on January 29, 2011| 2 Comments »
On 9 November 2010, the Petroleum Safety Authority Norway (PSA) conducted an audit of BP Norge’s follow-up of new work processes within drilling and well activities using information and communication technology (ICT)
Brazil and Angola
Posted in Offshore Energy - General, oil, tagged Angola, Brazil, deepwater oil, EIA, offshore oil, presalt on January 28, 2011| Leave a Comment »
Brazil and Angola share more than a common language. Both aspire to be presalt production leaders. According to Platts Oilgram News (not available online):
BP, Total, Eni and other international majors have been awarded concessions to explore in Angola’s ultra deepwater presalt blocks, a ministry of energy official told Platts January 26, as companies hope to replicate in the southwest African country the successof the pre-salt plays offshore Brazil.
Per a separate Platts article:
According to the US Energy Information Administration website as of January 2010, Angola had proven oil reserves of 9.5 billion barrels while government statements in December 2009 put total reserve numbers as high as 13.1 billion barrels.
Record Worldwide Oil Demand
Posted in energy, Offshore Energy - General, oil, tagged IEA, offshore oil, oil demand on January 18, 2011| Leave a Comment »
The International Energy Agency (IEA) said preliminary data showed oil demand hit a record high of 87.7 million barrels per day over the past 12 months.
Related Wall Street Journal story:
The Organization of Petroleum Exporting Countries Monday said demand for its oil in 2011 will be stronger than it previously forecast owing to the recovery in the global economy.
BOE Comment: The deep water sector is the only option for significant near and intermediate-term increases in US oil production. Ditto for many other non-OPEC producers. We better get our act together soon.
Who needs futbol? Deepwater discoveries propel Brazil
Posted in accidents, Offshore Energy - General, oil, tagged Brazil, offshore oil, P36, safety on December 15, 2010| Leave a Comment »
President-elect Dilma joked recently that the oil discoveries were just the latest proof that God is Brazilian. And economists from Goldman Sachs no less are predicting that Brazil — along with Russia, China and India — will dominate the world economy in the 21st century.
If you didn’t see the 60 Minutes story on Brazil, you can view it here. With regard to the significance of Brazil’s recent deepwater discoveries, OGX owner Eike Batista offered the following:
Oh, it, it means we should be producing in excess of six million barrels a day. So it’ll put us in among the third, fourth largest producer in the world. Massive exporting.
According to this blog entry, Batista forecasts this 6 million bopd production rate (more than double the current output) by 2020!
Like other offshore producers, Brazil has experienced its tragedies, most notably the sinking of the P-36 production platform that resulted in 11 fatalities. Petrobras and Brazil have recovered nicely from that disaster, but outstanding safety performance is critical if they are to sustain their offshore success.
Needed: Guiding Principles for Offshore Oil & Gas Operations
Posted in gas, Offshore Energy - General, oil, tagged Kathryn Klaber, Marcellus Shale, offshore oil, principles, safety on October 4, 2010| Leave a Comment »
While unveiling their “Guiding Principles,” Kathryn Klaber, Executive Director of the Marcellus Shale Coalition, said this:
We’re all in this together. We’re all only as good as whoever had a mistake this morning.
That this statement also applies to offshore oil and gas operations should now be painfully obvious to all. Each company’s success is dependent upon every other company’s performance, not just in your region, but anywhere in the world. The offshore industry needs to clearly and succinctly describe its universal commitment to safety and environmental protection. Sweeping principles that guide all operations should be developed and endorsed by every operator and contractor. The Marcellus document is a good starting point, but more details may be needed. Commitments to sharing and analyzing verified incident data, participating in standards development, assessing new technology, and sponsoring safety and environmental research should be included. Now is the time to act. Who will provide the regional and international leadership?
UK Approves West of Shetlands Deepwater Well
Posted in Offshore Energy - General, oil, UK, tagged Chevron, Deepwater, drilling, offshore oil, UK on October 3, 2010| Leave a Comment »
Greenpeace Photo
It was a choice between producing oil and gas here in U.K. waters, where we have one of the most robust safety and regulatory regimes in the world, with all the economic benefits that will bring, or paying to import oil and gas from elsewhere. UK Department of Energy and Climate Change statement
It’s pretty hard to argue with that logic.
Bud's Offshore Energy (BOE) 