Gulf of Mexico

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.

The A-frame is DNV certified. TechnipFMC’s ROVs will deploy in GoM later this year.

The deferments are the latest actions Shell has taken in response to record low crude prices.

Both platforms offshore assets were shut in following a leak in ExxonMobil's 100,000 B/D pipeline system.

Subsea 7’s installation services contract is the latest Chevron award for its Anchor field project. First oil from the project is expected in 2024.