US Gulf of Mexico Oil Production Losses Lead to Cargo Cancellations
U.S. oil offshore losses remained at 76% on Thursday after Hurricane Ida hit the Gulf of Mexico, according to government data, which prolonged outages and caused the first oil cargo shipment cancellations to buyers in Asia.Production should be disrupted for several more days amid lasting damages to transfer stations and offshore facilities used by different companies, analysts said, with impact to oil prices."It seems to be at least more than a week away until most of the shut-in Gulf of Mexico production is restored…
North Sea – Hope for Declining Production?
Western Europe will continue to rely on imported Russian gas into the 2020s as mature offshore provinces struggle for growth, while large-scale shale gas extraction looks increasingly unlikely in the medium term, according to Douglas Westwood. Following Moscow’s intervention in Ukraine and the resulting strained diplomatic ties with the West, it remains to be seen if North Sea production can rally to support any drop in gas flow from Russia. With many IOCs planning investment into UK offshore fields through enhanced oil recovery (EOR)…
Expats Keep Middle East Energy Sectors Ticking Over
The Middle Eastern oil and gas industry is still highly dependent on foreign workers with over half of the industry’s labour force coming from the expatriate community according to latest research released by international jobs board OilCareers.com. The research, commissioned by OilCareers.com from leading oil and gas analysts Douglas-Westwood, indicates that the trend is unlikely to change in the short to medium term as the region looks to meet project demand, despite various educational initiatives by the UAE to increase the proportion of nationals entering the private sector.
Dominion E&P Announces Triton/Goldfinger Production
Dominion Exploration and Production, a wholly owned subsidiary of Dominion, has begun production from the Triton and Goldfinger subsea wells, located 140 miles southeast of New Orleans on Mississippi Canyon Blocks 771, 772 and 728 in the Gulf of Mexico. “These new additions are excellent examples of the returning strength of Gulf of Mexico operations,” said Duane Radtke, president and chief executive officer. Triton/Goldfinger consists of three subsea wells connected to the Devils Tower floating production system via insulated six-inch by ten-inch diameter flowlines. Devils Tower, the world’s deepest dry-tree spar, is owned by Williams and operated by Dominion E&P in 5,610 feet of water on Mississippi Canyon Block 773.
