offshore
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The Gulf of Mexico disturbance, Barry, made landfall today near Intracoastal City, Louisiana, and weakened to a tropical storm.
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The Caribbean nation hopes the auction will lead to at least two exploration projects in a region that has become increasingly attractive thanks to new discoveries and investments made in neighboring countries.
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The country has scrapped plans to build additional FSRUs, and decided instead on land-based LNG as the mainstay of its energy mix
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The UK-based energy infrastructure development firm has entered an exclusivity agreement with Meridian Holdings for an FSRU project offshore northwest England. The project would include a floating FLNG receiving port.
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As a disturbance in the Gulf of Mexico continues to develop, about 32% of the oil production and 18% of the natural gas production in the GOM has been shut in.
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The new milestone was reached less than a year after the country surpassed 11 million B/D last summer, and is driven by activity in the Permian Basin and new fields in the Gulf of Mexico.
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The world’s largest oil producer has awarded $18 billion in engineering, procurement, and construction contracts as part of its Marjan and Berri expansion projects.
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The Norwegian operator will increase its ownership of the giant Johan Sverdrup field before the field commences oil production this November.
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Early production from Area 1 is the first output from an international operator in Mexico since energy reforms were implemented earlier this decade.
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Completion comes despite two cyclones disrupting the project area during installation, McDermott said.