Gulf of Mexico

Personnel are returning to platforms in the Gulf of Mexico after Hurricane Sally was downgraded to a tropical depression late Wednesday, but the threat of another major hurricane remains as a tropical storm may form in the Gulf of Mexico today.

About 16% of US offshore production in the Gulf of Mexico remains offline after Hurricane Laura caused mass evacuations more than a week ago.

The complete paper provides insight on the commercial drivers that significantly changed floating-production-system (FPS) design philosophy after 2014, with a particular focus on the US Gulf of Mexico (GOM).

In the region’s second bankruptcy of the month all of the operator’s assets will be sold to a private equity energy group, pending court approval.

BSEE said details of the policy change will come later this year.

Although based on “intensity” and not “absolute” emissions, oil giants say it’s a step toward net-zero goals for 2050.

Lease Sale 256 was originally set for August but was moved due to COVID-19’s impact on the oil and gas markets. Bids will be accepted by mail only due to the ongoing pandemic.

The paper reviews the types of renewable energy used in oil and gas fields that have appeared in the literature. Use of renewables offers many advantages, including saving hydrocarbon resources, minimizing the oil industry’s GHG emissions, and enhancing its public image.

Forecasts are lowered for levels of E&P, budgets, and project sanctioning.

The economic impact report looked at scenarios involving current policies and potential bans on both drilling permits and offshore leases.