Gulf of Mexico

At peak, 100,000 BOE/D is expected to flow to the Whale production semisumbersible, which largely replicates the Vito semi.

The decision invokes a 1953 law that will make it difficult for incoming US President Donald Trump to reverse.

Oil price visibility, projects competing for funds, and regional market softness are all factors resulting in muted demand for deepwater rigs this year.

The formal design and construction contract award comes after an LOI for the work was signed this past summer.

First oil from Beacon Offshore’s Shenandoah is on track for the second quarter of 2025. Project partners also have sanctioned a second phase of development and are advancing plans for a related project.

Supermajor reached a final investment decision on a two-well subsea development to be hosted by the Perdido spar platform in the deepwater Gulf of Mexico.

The environmental impact statement is a required step before another lease sale can be held in the Gulf of Mexico, a move welcomed by the oil and gas industry.

The contractor will conduct front-end work related to the subsea portion of the joint Polok/Chinwol development.

The authors of this paper discuss how intelligent completions in the Gulf of Mexico have allowed for increased production, reduction in operating expenses, enhanced overall reservoir recovery, and improved safety and environmental performance.

Wood Mackenzie analysis projects a full repeal of the Inflation Reduction Act is unlikely, while industry proponents urge permitting overhaul and loosening of burdensome regulations.