Feeds:
Posts
Comments

Posts Tagged ‘Atlantic OCS’

High potential deepwater exploratory wells at opposite ends of the Pan American Atlantic while the US Atlantic remains “wind-only”

Posted in Canada, drilling, energy policy, Offshore Energy - General, tagged , , , , , , , , , , , , on April 30, 2024| Leave a Comment »

The Valaris DS-17 drillship is now on location to drill the Algerich-1 well for Equinor 315 km from Mar del Plata in 1527 m of water at Block CAN 100.

Concurrently, at the opposite end of the Pan American continents, the Stena DrillMAX is closing in on Exxon’s Orphan Basin location offshore Newfoundland to drill another high potential well.

Meanwhile, the US Atlantic is “wind-only,” despite high deepwater oil and gas potential. The late Paul Post, an esteemed colleague and the leading expert on the petroleum geology of the US Atlantic, believed the deepwater US Atlantic could contain >20 billion BOE. No other Pan American nation has completely closed its Atlantic margin to oil and gas exploration.

Can a nation with a debt of $35 trillion afford to ignore oil and gas resources that will remain in high demand for decades?

Read Full Post »

Almost 15 years ago, the first US offshore CCS Project was proposed for the Atlantic

Posted in CCS, energy policy, Offshore Energy - General, Regulation, tagged , , , on November 22, 2021| Leave a Comment »

The plan was for SCS Energy’s PurGen One plant in Linden, NJ to burn coal to generate electricity and produce fertilizer. SCS proposed to inject 90% of the CO2 into subsurface reservoirs 70 miles offshore. The project faced strong opposition and was ultimately nixed by the State. The plan had been presented to the Federal offshore regulator (MMS), but the company was advised that there was no legal framework for disposing CO2 beneath the OCS.

Read Full Post »