Posted in accidents, Offshore Energy - General, Uncategorized, tagged macondo, Offshore Safety Day, safety leadership on April 19, 2023| Leave a Comment »
BOE continues to call for an International Offshore Safety Day each year on April 20th.
Proposal: Let’s make April 20th International Offshore Safety Day to honor those who have been killed or injured, to recognize the many workers who provide energy for our economies and way of life, and to encourage safety leadership by all offshore operators, contractors, and service companies.
BOE
Posted in Offshore Energy - General, rigs-to-reefs, Uncategorized, tagged Blue Marlin, MaritimePhoto, Rigs-to-Radar, rigs-to-reefs on April 1, 2023| Leave a Comment »
A new addition to our Rigs-to-Reefs+++ page courtesy of MaritimePhoto.
Posted in energy policy, pipelines, Uncategorized, tagged Cover-up, Nord Stream, Seymour Hersh on March 22, 2023| Leave a Comment »
The agency did its job and, with the help of German intelligence, concocted and planted stories about an ad hoc “off the books” operation that had led to the destruction of the pipelines. The scam had two elements: a March 7 report in the New York Times citing an anonymous American official claiming that “[n]ew intelligence…suggests” that “a pro-Ukrainian group” may have been involved in the pipeline’s destruction; and a report the same day in Der Zeit, Germany’s most widely read weekly newspaper, stating that German investigative officials had tracked down a chartered luxury sailing yacht that was known to have set off on September 6 from the German port at Rostock past Bornholm island off the coast of Denmark.
“It was a total fabrication by American intelligence that was passed along to the Germans, and aimed at discrediting your story,” I (Hersh) was told by a source within the American intelligence community.
The comments following the “SHEERPOST” re-posting of the Hersh update piece are also interesting.
Posted in Mexico, Offshore Energy - General, Uncategorized, tagged California, Hidden Gem, Manzanillo, nodules, seafloor mining, TMC on March 21, 2023| Leave a Comment »
Relax; just kidding about the California part (or am I? 😉).
BOE’s Mexican correspondent, Andrew Konczvald, took pictures of what looks like a deepwater drillship parked near the beautiful Pacific coast resort town of Manzanillo. Upon further review, our crack investigators determined that the rig is the Hidden Gem, a deepsea mining vessel, owned by The Metals Company (TMC). Last year, TMC conducted a pilot nodule collection program in the Clarion Clipperton Zone between Hawaii and Mexico.
Posted in climate, energy policy, Uncategorized, tagged BBB, elections, farmers, Netherlands on March 19, 2023| Leave a Comment »
The BBB or BoerBurgerBeweging (Farmer-Citizen Movement) party won 17 seats in the Senate, more than any other party.
Posted in drilling, Uncategorized, tagged Golden Driller, NCAA Wrestling, Tulsa on March 18, 2023| Leave a Comment »
Far from golden, but this was me 53 years ago! Lots of safety lessons, good and bad, were learned. Bud
Posted in Uncategorized on March 7, 2023| Leave a Comment »
We learned that Federal mineral lease operators are diverting natural gas from those leases to power electric generators for cryptomining operations without paying gas royalties. (Note: Per the report, these operations were onshore. No evidence of offshore cryptomining was provided.)
Inspector General, US Dept. of the Interior
The Inspector General recommended that the Dept. of the Interior issue guidance to affected bureaus regarding cryptomining operations, including guidance addressing potential land use concerns, safety risks, environmental impacts, and royalty collection requirements.
In responding to the recommendation, DOI commented that “BSEE and BOEM recognize that the remote location of offshore facilities could potentially be used to facilitate clandestine, nefarious activity – including cryptomining.”
While that potential certainly exists, the probability of evading royalty payments by using produced gas to cryptomine at OCS facilities is extremely low:
Posted in climate, energy, Gulf of Mexico, Offshore Energy - General, Uncategorized, tagged bp, oil and gas production, Shell on March 6, 2023| Leave a Comment »
“I am of a firm view that the world will need oil and gas for a long time to come,” (Shell Chief Executive) Sawan, who started the job on Jan. 1, told Times Radio in the U.K. on Friday. “As such, cutting oil and gas production is not healthy.”
Back in 2021, Shell predicted that its own oil production would decline every year and drop by as much as 18% by 2030. BP had a similar outlook, but CEO Bernard Looney rolled back its climate targets this year and said it will increase investment in exploration and production.
BP and Shell have trailed their U.S. peers in price to earnings ratios. Analysts have said investors interested in exposure to oil and gas have shunned them for putting more money into renewables, while investors focusing on environmental concerns haven’t rewarded them. That’s kept European energy firms trading at a discount.
Barron’s
It will never happen, but a separate company composed of BP and/or Shell upstream US assets would be very attractive to investors.
Posted in Uncategorized, tagged Appomattox, China, CNOOC, Gulf of Mexico, Hess, JPMorgan, Nexen, Shell, Stampede on March 2, 2023| Leave a Comment »
Some may not be aware that the Chinese government, through a fully owned subsidiary of the China National Offshore Oil Corp. (CNOOC), is a leaseholder in the US Gulf of Mexico. Per BOEM records, CNOOC Petroleum USA Inc currently has ownership in 12 OCS leases. Most significantly, CNOOC holds 21% interest in the Appomattox Field, operated by Shell, and a 25% working interest in Stampede, operated by Hess. Peak oil production for these projects is expected to be 175,000 bopd for Appomattox and up to 80,000 bopd for Stampede.
CNOOC acquired the Gulf of Mexico properties through its purchase of Nexen, a Canadian company, in 2013.
The state-owned Chinese oil explorer surrendered operating control of those assets to quell U.S. national security concerns, said two people familiar with the agreement who asked not to be named because the terms aren’t public.
FInancial Post
Reuters has reported that CNOOC is considering an exit from its operations in the US, Canada, and the UK because of sanctions concerns. JPMorgan is reportedly assisting with the sale of the US assets.
Bud's Offshore Energy (BOE) 