E&P Highlights: Sept. 16, 2024
Here’s a roundup of the latest E&P headlines, with an update on Hurricane Francine and a major contract between Saipem and QatarEnergy.
More Than 12% of US GoM Oil Output Still Shut After Hurricane Francine
There were 213,204 bbl/d of oil and 298 MMcf of natural gas still offline after Francine hit the coast last week.
Francine Closes, Restricts Oil Export Ports, Shuts in 42% of GoM Oil
In addition to hampering ports and refineries, an estimated 41.74% of Gulf of Mexico oil production, or 730,472 bbl/d, has been shut in.
Industry Warns Ruling Could Disrupt GoM Oil, Gas Production
The energy industry slammed a reversal on a 2020 biological opinion that may potentially put an indefinite stop to oil and gas operations in the Gulf of Mexico—by December.
Transocean Scores $232MM Contract for Deepwater Atlas
Transocean’s newest $232 million ultra-deepwater contract follows the company’s $123 million contract for six wells offshore India by Reliance Industries.
Hurricane Francine Bears Down on Central Louisiana LNG Facilities
Sempra’s Cameron LNG, Venture Global LNG’s facilities in Calcasieu Pass and Tellurian’s site for Driftwood LNG will all be close or in the path of Francine.
Hurricane Francine Shuts in Quarter of GoM Oil, Gas Production
The Bureau of Safety and Environmental Enforcement reported that 130 platforms and several rigs were affected as the storm approached the Louisiana coast.
US Gulf Coast Residents Flee, Oil Production Shut as Francine Intensifies
Energy companies shut-in output at several production platforms as Francine is poised to become a major test for U.S. LNG export plants.
E&P Highlights: Sept. 9, 2024
Here’s a roundup of the latest E&P headlines, with Talos Energy announcing a new discovery and Trillion Energy achieving gas production from a revitalized field.
Hurricane Threatens LNG and Power Demand as Francine Forms in GoM
LNG export plants and offshore oil platforms in the Gulf of Mexico are already taking a hit as as Francine strengthens.