Posted in accidents, Gulf of Mexico, Offshore Energy - General, pipelines, tagged Chevron, Equinor, Gulf of Mexico production, Mars, Olympus, Shell pipeline, Ursa on August 12, 2022| Leave a Comment »
But late Thursday, a Shell spokesperson said that repairs were underway and that the company expected both pipelines to be back in service Friday.
CNN
This is a good example of the interconnectivity of deepwater projects with major Shell, Chevron, and Equinor facilities shut-in as a result of a relatively minor downstream pipeline incident.
Mars crude price appears to have reacted to the shut-in news:
Posted in Gulf of Mexico, Offshore Energy - General, tagged EIA, Gulf of Mexico production, production decline on July 29, 2022| Leave a Comment »
If last fall’s Hurricane Ida dip is excluded, the latest production figure in 2021/2022. New projects should boost production over the next 2 years, but not enough to reach the August 2019 peak of 2.044 million bopd.
Meanwhile the GoM rig count remains sluggish at 15.
Posted in energy, Gulf of Mexico, Offshore Energy - General, tagged EIA, Gulf of Mexico production, systems issues on July 2, 2022| Leave a Comment »
The April oil production figure for the Gulf of Mexico has thus not yet been released.
These ongoing issues must be rather embarrassing for a data driven agency.
Posted in energy policy, Gulf of Mexico, Offshore Energy - General, tagged 5 year leasing plan, EIA, Gulf of Mexico production, IER on June 30, 2022| Leave a Comment »
Leasing shutdowns have consequences. See the IER article, and the post below regarding the importance of new production, which is dependent on consistent leasing and exploration programs. Will the proposed leasing plan be issued today as promised?
“According to EIA, declining production from existing Gulf of Mexico fields will largely offset the increases in oil production from the new fields, with natural gas production in the Gulf of Mexico continuing its three-year decline. During 2021, 15 percent of U.S. oil production and 2 percent of U.S. natural gas production was produced in the Gulf of Mexico.”
IER
Posted in Gulf of Mexico, Offshore Energy - General, tagged EIA, Gulf of Mexico production on April 29, 2022| Leave a Comment »
Posted in energy, Gulf of Mexico, Offshore Energy - General, tagged EIA, Gulf of Mexico production, production forecast on April 13, 2022| Leave a Comment »
U.S. crude oil production in the forecast averages 12.0 million b/d in 2022, up 0.8 million b/d from 2021. We forecast production to increase another 0.9 million b/d in 2023 to average almost 13.0 million b/d, surpassing the previous annual average record of 12.3 million b/d set in 2019.
EIA
The short-term forecast doesn’t say how much of that production will come from the Gulf of Mexico. Last year, EIA forecast 2022 Gulf production to average 1.75 BOPD which seems about right based on the the most recent production data.
Bud's Offshore Energy (BOE) 