NEW ORLEANS -- The Bureau of Safety and Environmental Enforcement (BSEE) is responding to a damaged unmanned platform in South Timbalier (ST) Block 27 in the Gulf of Mexico approximately 5 miles south of Port Fourchon, Louisiana, in 50 ft of water. The ST 27 IA platform is operated by Energy XXI, GOM, LLC.
HOUSTON (Bloomberg) -- U.S. drillers idled rigs seeking oil for a seventh week as production hovers near a three-decade high, contributing to a global glut that’s kept oil prices below $50/bbl for more than two weeks. The oil rig count dropped by 49 this week to 1,317, the lowest level in two years, Baker Hughes Inc. said on its website Friday. Those drilling for natural gas increased by six to 316. The total slid by 43 to 1,633.
HOUSTON -- OneSubsea, a Cameron and Schlumberger company, supplied the subsea production and processing systems for the Chevron-operated, deepwater Gulf of Mexico fields, Jack and St. Malo.
SACRAMENTO, California (Bloomberg) -- Little is going right for California’s oil industry. Turns out the state’s shale formation holds less promise than producers expected. Aging conventional wells are drying up. And a rebound in output that cost drillers as much as $3 billion annually to create has been overshadowed by shale oil gushing from wells in North Dakota and Texas.
HOUSTON (Bloomberg) -- Enterprise Product Partners LP is looking to sell a year’s supply of U.S. ultra-light oil to the global market, signaling another challenge for OPEC as it contends with the U.S. shale boom.
Murkowski addresses the Keystone XL pipeline delays compares Super Bowl WASHINGTON U.S. Sen. Lisa Murkowski, R Alaska, chairman of the Senate Energy and Natural Resources Committee, has addressed the Senate to reiterate her support of the Keystone XL pipeline and
Wellsite Rental appoints Stephen Sheppert as engineering manager BROUSSARD, United States Wellsite Rental Services has appointed Stephen Sheppert as engineering manager. Sheppert’s responsibilities include engineering support for all of Wellsite’s product lines with primary focus on the hydraulically operated flush
Apache announces new CFO HOUSTON Apache Corporation has announced that Stephen Riney will be appointed as executive V.P. and CFO. He is scheduled to begin in February. Riney brings over 30 years of financial and accounting experience to the position.
LONDON -- With Mexican oil open to private investment for the first time, the country’s initial bidding round is expected to remain competitive despite low oil prices, delays and a number of uncertainties, according to research and consulting firm GlobalData.
LOCKPORT, Louisiana -- Bollinger Shipyards has announced the promotion of three key leaders.
AUSTIN -- The Railroad Commission of Texas (RRC) has named Lori Wrotenbery Director of the Commission’s Oil and Gas Division. She holds a bachelor’s degree in geology from the University of Texas and a law degree from Harvard University.
WASHINGTON -- Estimated U.S. exploratory oil well completions increased by 75% in the fourth quarter of 2014 compared to year-ago levels, according to API' s 2014 Quarterly Well Completion Report, Fourth Quarter.
Oil trades below $48 as U.S. crude supplies seen worsening glut By BEN SHARPLES MELBOURNE (Bloomberg) Oil traded below $48 bbl before government data that’s forecast to show U.S. crude inventories expanded for a second week. Futures dropped as much
Kinder Morgan acquires Hiland Partners for $3 billion HOUSTON Kinder Morgan has inked a definitive agreement whereby KMI will acquire Hiland Partners (Hiland) from its founder, Harold Hamm, and certain Hamm family trusts, for a total purchase price of approximately
HOUSTON -- Kinder Morgan Inc. (KMI) has announced a definitive agreement whereby KMI will acquire Hiland Partners from its founder, Harold Hamm, and certain Hamm family trusts, for a total purchase price of approximately $3 billion, including the assumption of debt.
HOUSTON -- The University of Houston (UH) will lead a national research center for subsea engineering and other offshore energy development issues, including research and technology to improve the sustainable and safe development of energy resources in the Gulf of Mexico.
WASHINGTON, D.C. (Bloomberg) -- Senate Republicans blocked two attempts to amend legislation forcing approval of the Keystone XL pipeline that would have required the project be built with domestically produced steel and that the oil be used in the U.S.
DUBAI (Bloomberg) -- Oil prices won’t rebound until production growth slows, as even political risks in the Middle East and Africa remain secondary to the glut on crude markets, said Pulitzer Prize-winning oil historian Daniel Yergin.