Posted in climate, energy policy, Gulf of Mexico, Offshore Energy - General, Uncategorized, tagged energy security, Gulf of Mexico, Lease Sale 257, offshore oil and gas, oil prices on March 7, 2022| 2 Comments »
Remember that only 5 weeks ago Judge Contreras (DC Federal Court) vacated OCS Lease Sale 257 because BOEM didn’t analyze the benefits of higher oil and gas prices (as a result of lower US offshore production) in reducing international consumption and GHG emissions. The about that!
Lease Sale 257 wouldn’t have helped get us through this crisis, but would have most definitely reduced our vulnerability to future crises.
Posted in climate, energy policy, Uncategorized, tagged solar energy, Wind Energy on March 7, 2022| Leave a Comment »
My mother was a hard-working Quaker farm girl who hung the wash outside until her final days and otherwise conserved energy in a manner that was consistent with her values – thrift, simplicity, and love of fresh air. While there are still many common sense conservationists, professional alarmists have gained control of environmental messaging and dominate fundraising. It may be time for the environmental community to reassess its direction.
Posted in Uncategorized on March 5, 2022| 2 Comments »
What are the issues?
Posted in energy policy, Gulf of Mexico, Offshore Energy - General, Russia, Uncategorized, tagged Exxon, Russia, Sakhalin on March 1, 2022| Leave a Comment »
BP, Equinor, and Shell are exiting Russia, but Exxon’s response seems to be something less. Per Upstream:
US supermajor ExxonMobil is scaling back its operations on its flagship offshore development project in Russia’s Sakhalin Island region in response to the fallout from the crisis in Ukraine, according to the Sakhalin Online news website.
A consortium source cited by the Russian website claimed that foreign managers have been told to leave the project for an initial period of one month.
Upstream
Exxon accepted the political risks associated with lucrative Russian production, and they now have a massive moral and public relations dilemma. Will they try to wait this crisis out or take more permanent actions?
It would be nice to see Exxon return to the Gulf of Mexico where they haven’t drilled a well since 2019. Currently, Exxon’s primary interest in the Gulf is for carbon sequestration purposes. Perhaps they can focus more on the Gulf’s still promising production potential and less on its potential as a disposal site.
Posted in energy policy, Norway, UK, Uncategorized, tagged bp, Equinor, Norway, Russia, UK on February 28, 2022| Leave a Comment »
On Sunday, the Norwegian government announced that its sovereign wealth fund, the world’s largest, wwould divest its Russian assets, worth around 25 billion Norwegian crowns ($2.80 billion).
Reuters
“In the current situation, we regard our position as untenable,” Equinor Chief Executive Anders Opedal said in a statement. “We will now stop new investments into our Russian business, and we will start the process of exiting our joint ventures in a manner that is consistent with our values.”
Reuters
British oil giant BP said Sunday that it is “exiting” its $14 billion stake in Russian oil giant Rosneft over Moscow’s invasion of Ukraine in one of the biggest signs yet that the Western business world is cutting ties over the Kremlin’s invasion of Ukraine.
Washington Post
Posted in accidents, Uncategorized, tagged FPSO fire, Nigeria, SEPCOL on February 7, 2022| Leave a Comment »
Ikemefuna Okafor, the executive officer of Shebah Exploration & Production Company Ltd (SEPCOL), the vessel owner, said late Sunday “three crew members have been found alive in the community”.
Barron’s
Posted in Uncategorized on January 21, 2022| Leave a Comment »
Posted in Uncategorized, tagged gratitude on January 14, 2022| Leave a Comment »
Gratitude and positive messaging should be incorporated into safety management plans.😃
Posted in energy, Health, Norway, Regulation, Uncategorized, tagged Industri Energi, Norway, Oilfield workers, vaccine mandate on January 13, 2022| Leave a Comment »
A Norwegian union representing offshore oil and gas workers has criticized Aker BP’s process to introduce a Covid-19 vaccine mandate for its offshore employees.
offshore-energy.biz
“We agree that we must protect our employees and our suppliers in the best possible way, but it also requires that we are involved in how it should happen and how our employees and suppliers are taken care of in this process.”
Ingard Haugeberg, Industri Energi
Seems like a reasonable position on the part of the workers. As previously reported, many US oilfield workers are skeptical of the vaccine mandate and have warned that they will quit.
Posted in decommissioning, rigs-to-reefs, Uncategorized, tagged rigs-to-recreation, rigs-to-resorts, rigs-to-rides, rigs-to-roar, Saudi Arabia on January 9, 2022| Leave a Comment »
Per our 10/20/2021 post about this Saudi recreation venture, below is a nice promotional video. This greatly exceeds what we had envisioned many years ago!
