The reserve is at its lowest level since 3/16/1984, and is now 46.5% below capacity.
Posted in energy policy | Tagged OPEC+, SPR depletion, Strategic Petroleum Reserve | Leave a Comment »
The September total reflects production from recent deepwater startups, including King’s Quay (Murphy) and Spruance (LLOG). Other new deepwater facilities should further boost GoM oil production next year as forecasted by BOEM (table below). Unfortunately, the BOEM forecast considerably overstates 2022 production and appears to be optimistic for the outyears. This is a significant concern given that US offshore leasing policy, as reflected in the 5 Year Plan, is naively focused on throttling long-term production. See the rather startling quote below:
“BOEM’s short-term (20-year) production forecast for existing leases shows steady growth from 2022 through 2024 and declining thereafter (see Section 5.2.1). The long-term nature of OCS oil and gas development, such that production on a lease can continue for decades makes consideration of future climate pathways relevant to the Secretary’s determinations with respect to how the OCS leasing program best meets the Nation’s energy needs.“
5 Year Leasing Program, p.3
Posted in Gulf of Mexico, Offshore Energy - General | Tagged 5 year leasing plan, deepwater production, Gulf of Mexico production, King's Quay, LLOG, Murphy, Spruance | Leave a Comment »
Symbolic gesture or troubling precedent?
OSLO, Nov 29 (Reuters) – Norway will not issue licences for energy companies to explore for oil and gas in frontier areas during the life of the current parliament, which ends in 2025, its oil and energy minister told Reuters on Tuesday.
“SV (Socialist Left Party) has had this as a demand for this year and we went along with that. And have accepted that this can be held off for this parliamentary period,” (per Minister of Petroleum and Energy Minister Terje Aasland).
Aasland said there was “no drama” in the decision as authorities still issue licences to oil companies in a parallel licensing around called the APA round, in so-called mature areas that are already open to oil companies.
Reuters
Meanwhile NPD reports a dry hole 17 km north of the Heidrun field in the Norwegian Sea.
Posted in energy policy, Norway, Offshore Energy - General | Tagged Heidrun, licensing pause, Norway, NPD, Terje Aasland | Leave a Comment »
Can we dedicate the victory to the Iranian “journalist” who aggressively questioned Tyler Adams yesterday (see clip below)? Great response from Tyler who is nothing but class on and off the field. A great captain.
Posted in Uncategorized | Tagged Iran, Tyler Adams, USA, World Cup | Leave a Comment »
Q Does the President think there’s some benefit to the climate to drill oil in Venezuela and not here?
MR. KIRBY: No, it has nothing to do with a benefit to the climate, Peter. Again, there are 9,000 unused permits here in the United States on federal land that oil and gas companies can and should take advantage of. Nine thousand. And we’re talking about one there in Venezuela.
Oh no, not the 9000 permits response yet again!
Can someone please help the White House staff understand the difference between leases and permits, and the process that is followed in exploring for and producing oil and gas? Perhaps this will help.
Posted in energy policy, Uncategorized | Tagged 9000 permits, undrilled leases, venezuela, White House | Leave a Comment »
Posted in Offshore Energy - General, pipelines, Russia | Tagged explosions, Nord Stream, pipelines, who did it? | Leave a Comment »
Grateful for my family and friends, and the many outstanding energy professionals I have had the privilege of working with!
Posted in Uncategorized | Tagged Thanksgiving | Leave a Comment »
I recommend we Nationalize the Oil and gas industry. I think the government is the right entity at this time to seize all the assets and infrastructure of the cartels. The resources mostly on public lands and water, belong to the USA anyway. It is time we transition more rapidly to renewables to break the leverage of the cartels on governments, and people, to stop wars and profiteering.
People are paying high prices and cartels like API, Exxon, Sinclair are making record profits from American’s purses. All the while escaping the costs of oil spills and leaks, and denying responsibility for climate change disasters and their costs.
Anonymous WCR commenter (0010)
Diverse input on proposed regulations is healthy and desirable. However, comments should not be posted at Regulations.gov unless (1) the commenter is identified and (2) the comments include at least one sentence about the regulation being proposed.
Posted in Offshore Energy - General, Regulation, well control incidents | Tagged BSEE Director, comments, Well Control Rule | Leave a Comment »
This Well Control Rule comment, endorsed by 7 trade associations, hit a nerve. Here’s why.
November 30, 2022 by offshoreenergy
The comment (pasted below) by the trade associations asserts that BSEE ignored the requirements of the National Technology Transfer and Advancement Act (NTTAA).
Reaction:
Posted in drilling, Offshore Energy - General, Regulation, well control incidents | Tagged BSEE, NTTAA, standards, standards vs. regulations, trade association comments, Well Control Rule | Leave a Comment »