Feeds:
Posts
Comments

The Honor Roll companies for 2022 (listed alphabetically) are Anadarko (Oxy), bp, Cantium, Chevron, Contango, Hess, LLOG, Murphy, and Shell.

Our criteria:

  • Must average <0.3 incidents of noncompliance (INCs) per facility-inspection.
  • Must average <0.1 INCs per inspection-type. (Note that each facility-inspection may include multiple types of inspections (e.g. production, pipeline, pollution, Coast Guard, site security, etc). On average, each facility-inspection included 3.25 types of inspections in 2022. Here is a list of the types of inspections that may be performed.)
  • Must operate at least 3 production platforms and have drilled at least one well (i.e. you need operational activity to demonstrate compliance and safety achievement).
  • May not have a disqualifying event (e.g. fatal or life-threatening incident, significant fire, major oil spill). Due to the extreme lag in updates to BSEE’s incident tables, investigation and news reports are used to make this determination.
  • Pacific and Alaska operations will be considered separately.
oil (million bbls)gas (BCF)
Shell145.8163.5
bp82.457.1
Chevron79.445.2
Anadarko59.650.8
Murphy28.145.5
LLOG19.634.3
Hess17.939
Cantium3.95.3
Contango0.023.5
2022 production through Oct.

Mid-Year 2022 review

Nine operating companies have qualified.

Marvels of the deep

A rare photo of a Big-Fin Squid, caught on camera on November 11th 2007 by a Shell Oil company ROV, at a depth of 2,386 meters (1.5 miles). This species of Squid dwell at extreme depths, and are characterised by their long, thin tentacles. They can reach almost 20ft long when fully grown.

Hasan Jasim

ROV video:

Of course, much of our knowledge about deepwater biology is attributable to oil and gas exploration and the associated environmental studies. This includes the discovery and study of chemosynthetic communities in the Gulf of Mexico:

Some of the same conditions responsible for petroleum deposits also provide the basis for biological communities that receive energy from chemicals through a process called chemosynthesis (in contrast to photosynthesis that provides energy to terrestrial and shallow-water communities through processes in which sunlight is the basic energy source).

NOAA
An aggregation of ice worms inhabiting methane hydrate. These worms eat chemoautotrophic bacteria using chemicals in the hydrate. Image courtesy of the NOAA Office of Ocean Exploration and Research, Gulf of Mexico 2012

This week’s loss was by a small margin, only 800,000 barrels (down to 371.58 million barrels total), suggesting that the record losing streak may end soon. EIA data

A firm with a licence to drill for natural gas in Manx waters expects to begin exploratory works in October, its chief executive has said.

Crogga has appointed Three60 Energy to drill an appraisal well to understand how much gas is under the seabed 17km (10.5miles) off Maughold Head.

BBC
Isle of Man

The attached NTSB report includes details on the timing of the accident, observations from personnel remaining on the platform, condition of the helipad, nature and location of the debris, and the recovery of the fuselage and separated tail boom. The engine control unit (ECU) was recovered and sent to an NTSB lab for data extraction.

Link to previous posts on the crash.

Only 3 years after first oil, Guyana’s offshore production has soared to nearly 400,000 BOPD, and that rate should triple by 2027. If you want to see the production details, Guyana is doing a good job posting their oil and gas production data.

The startup and compressor issues that contributed to high gas flaring volumes seem to have been resolved, and the recent flaring record is exceptional. Over the month of November 2022, the volume flared averaged less than 0.2% of the gas produced, better than the 1.0-1.5% flaring/venting rate for oil-well gas in US GoM from 2015-2021. Using the World Bank’s flaring intensity metric (m3/bbl), the current flaring intensity for Guyana is a remarkable ~0.07 m3 flared per bbl of oil produced.

The next step is to use the associated offshore gas to power Guyana. The two videos embedded below, while promotional, provide good information on plans to use natural gas for onshore power generation, new industry, and other beneficial purposes. This step will only use 50 million cu ft/day, leas than 1/8 the volume that is currently being reinjected. Increased use of the associated gas resource will be dependent on expanded pipeline and power generation capabilities, and LNG facilities to provide for gas exports.

As is evident from the first table below, the EIA’s new short-term production forecast for the Gulf of Mexico differs significantly from the optimistic BOEM forecast.

The EIA 2022 figure is spot-on, as it should be given that 10 months of 2022 production data are now in hand. However, BOEM’s 2022 forecast (published in July) missed the mark considerably. (In fairness to BOEM staff, their work was probably completed months before publication pending internal reviews.)

Of greater concern, given the policy implications, is the rosy BOEM forecast for the out-years. Despite historically low levels of leasing and exploratory drilling, BOEM forecasts oil production to exceed 2 million BOPD through 2027 and to remain well above the current (2022) level through 2031 (second table below).

As previously noted, the authors of the proposed 5 year OCS leasing plan have used the BOEM forecasts to justify a skeleton leasing plan that is unprecedented in program history. Contrary to the OCS Lands Act’s mandate and EIA projections regarding future oil and gas consumption, the proposed leasing plan not so subtly announces the intention to phase out the offshore oil and gas program.

202220232024
EIA1.751.871.85
BOEM1.8922.0002.013
Notes: (1) forecasts are for average daily production – millions of barrels
(2) actual 2022 production averaged 1.74 million BOPD through Oct.

I was a freshman at Penn State when MLK was assassinated, and I very clearly remember when a fellow resident of Shunk Hall came into my room and told me what happened. Dr. King had spoken at Penn State a few years earlier, shortly after receiving the Nobel Peace Prize, and was much admired at the university.

Dr. King’s passion, leadership, courage, and communication skills were extraordinary, and his commitment to non-violence set him apart. Truly a great man.

Konstantin Kisin