The Gulf of Mexico Will Save the U.S. from a Sharp Decline in Oil Production
Oil production in the United States is likely to decline next year, but the scale of the downturn will be significantly reduced thanks to the Gulf of Mexico. According to Wood Mackenzie, offshore producers in the Gulf are expected to add 300,000 barrels per day in 2025, and an additional …
Pemex Has Decided to Increase Oil Production from Old Deposits in the Gulf of Mexico
The Mexican state oil company Petroleos Mexicanos (Pemex) has agreed with the private oilfield services company CME Oil and Gas on the reconstruction of the mature Bacab and Lum fields in the Gulf of Mexico, Bloomberg reports. Investments over 15 years are planned in the amount of $1.65 billion. It …
British Shell Invests in Water Injection at the Vito Field in the Gulf of Mexico
Shell, the largest British oil company, announced that its subsidiary Shell Offshore Inc. has made a final investment decision (FID) on the flooding project at the Vito field in the Gulf of Mexico. The cost of the work was not disclosed. The process of pumping water into the reservoir to …
Mexico’s Oil Production is Falling, and This Could Destroy the Dream of Energy Independence
The new President of Mexico, Claudia Sheinbaum, will face the need to solve a number of problems in the oil industry, which is one of the main ones in the country’s economy, writes the Reuters agency. Mexico is a major oil producer, but production at old fields, located mainly in …
Occidental Petroleum Reduces Rig Count In Permian Basin
Occidental’s costs are reduced by drilling activity, but it will be able to cover part of the debt from the purchase of CrownRock. Capital spending on shale production and exploration will be cut by $320 million and two drilling rigs in the U.S. Permian Basin will be idled this year, …
Seven Drilling Rigs in The Gulf of Mexico Shut Down Due to Oil Spill
Due to a leak on the Main Pass Oil Gathering pipeline and subsequent pollution of the Gulf of Mexico, not only the oil pipeline itself has been stopped, but also drilling platforms near Louisiana – everyone is looking for the location of the leak. According to the US Coast Guard, …
Chevron Evacuates Personnel from Offshore Platforms in the Gulf of Mexico
American Chevron evacuated personnel from 3 oil production platforms in the Gulf of Mexico in the United States ahead of Hurricane Idalia. This was reported by the press service of the company. According to the National Hurricane Center (NHC, US National Hurricane Center), Tropical Storm Idalia, which is approaching the …
Oil Production in the Gulf of Mexico is Limited for the Sake of Whales
Washington is reducing the area for issuing new oil production licenses in the Gulf of Mexico to save marine mammals The US federal government has reduced the area that will be offered in the next oil and gas lease sale in the Gulf of Mexico by 9%. The reason is …
Explosion on Offshore Oil Platform in Mexico killed Two People
Two people were killed and another went missing as a result of a fire on the platform of the Mexican oil and gas corporation Pemex in the Gulf of Mexico, follows from the company’s message. “At Pemex, safety is a priority. According to preliminary data, no Pemex employees were reported …
Pemex Predicted a Drop in Gas Production After a Fire on an Offshore Platform
The platforms of the Mexican oil and gas corporation Pemex offshore Campeche in the Gulf of Mexico, affected by the fire, played a significant role in the gas production system, this incident will greatly affect the company’s overall performance, the company’s leaders said. “Given the importance of this facility to …