Monday, August 19, 2019

Mississippi News

Tropical Storm Barry Forms in Gulf of Mexico

Photo: NOAA

Tropical Storm Barry formed on Thursday with heavy rains expected across the north-central U.S. Gulf Coast, the National Hurricane Center said.Barry, the second named storm of the 2019 Atlantic hurricane season, was located about 95 miles (150 kilometers) south…

W&T Strikes Oil in US Gulf of Mexico

Image: Kosmos Energy

Oil and natural gas producer W&T Offshore has discovered oil at the Gladden Deep prospect in Mississippi Canyon block 800 in the deepwater Gulf of Mexico.W&T is operator of the well, which is one of 14 planned for the drilling program under the Monza JV. The company…

VT Halter Wins Historic $746m CG Contract

VT Halter in Pascagoula, MS, won a $746m contract to build the U.S. Coast Guard's lead Polar Security Cutter. Photo: VT Halter.

VT Halter Marine of Pascagoula, MS has emerged the victor in one of the most prized and coveted shipbuilding contracts in recent memory, a $746m deal to build the Coast Guard's lead Polar Security Cutter. If two additional ship options are exercised, the total deal could approach $2B.The U.S. Coast Guard and U.S.

GoM Lease Bids Hit $244mln

Image: U.S. Department of the Interior

Oil and gas Lease Sale 252 generated $244.3 million in high bids for 227 tracts covering 1,261,133.85 acres in federal waters of the Gulf of Mexico (GoM). According to Bureau of Ocean Energy Management data, that’s still way below the $405 million generated by the December Massachusetts offshore wind sale…

US Lease Sale a Test for Drilling Demand

© 
flyingrussian / Adobe Stock

The Trump administration will hold its fourth major auction for oil and gas leases in the U.S. Gulf of Mexico on Wednesday, in a fresh test of demand from drillers that have lately been shying away from the region.The outcome of the lease sale will provide the last big signal from the industry about their interest in U.S.

LLOG Exploration Reports Deepwater Exploratory Discovery

Image: LLOG Exploration

The  deepwater exploration company operating primarily in the Gulf of Mexico  reported the drilling of a successful discovery on its Nearly Headless Nick exploratory prospect on Mississippi Canyon Block 387 in the deepwater Gulf of Mexico.Louisiana-based company…

Danos Secures GoM Contracts

Danos owner Paul Danos (Photo: Danos)

Danos announced Monday it has secured a contract with Equinor for production operation support on its Titan SPAR platform, located in the deepwater Gulf of Mexico.The Equinor project began late 2018 and employs production personnel on the floating drilling and…

Chevron Eyes Houston Ship Channel for 2nd US Gulf Refinery

(File photo: Port of Houston)

Chevron Corp wants to build or buy a refinery along the U.S. Gulf Coast to process crude oil from its rapidly growing Permian Basin operations, a senior executive said on Tuesday.The company would like to have refining operations on the Houston Ship Channel, in the western part of the U.S.

GoM Offshore Platforms Evacuated Ahead of Hurricane

(Image: NOAA)

Energy companies on Monday halted nearly a fifth of Gulf of Mexico oil production and evacuated staff from 10 platforms as Hurricane Michael intensified and headed for a path up the eastern U.S. part of the Gulf.BHP Billiton, BP, Equinor and Exxon Mobil Corp were…

U.S. Gulf Coast Ports Being Inspected After Storm Gordon

Energy companies and port operators along the U.S. Gulf Coast were taking steps on Wednesday to resume operations after Tropical Storm Gordon shut 9 percent of the region's oil and gas output.Coast Guard inspectors were flying over ports in Mississippi and Alabama to inspect the facilities…

Oil Companies Make Few Bids in US Offshore Lease Auction

© flyingrussian / Adobe Stock

Oil companies bid on less than 1 percent of the parcels offered in a sweeping U.S. auction of Gulf of Mexico exploration leases on Wednesday, showing tepid interest in the region for the second time this year.Oil giant Exxon Mobil Corp was awarded 25 blocks, the largest of any company…

Sempra Energy to Shed U.S. Storage, Renewable Assets

File Image (CREDIT: AdobeStock / © Hansenn)

U.S. utility Sempra Energy said on Thursday it plans to sell some of its natural gas storage and renewable energy assets and expects to record a charge between $1.47 billion and $1.55 billion during the second quarter. Earlier this month, activist investors Elliott Management and Bluescape Resources Co…

Colonial Allocates Cycle 31 Shipments on Main Gasoline Line 1

Photo: Colonial Pipeline Company

* Colonial Pipeline Co is allocating space for Cycle 31 shipments on Line 1, its main gasoline line, the company said in a notice sent to shippers on Wednesday.* Committed information will be available on Friday, the company said.* Colonial's Line 1, with a capacity of 1.2 million barrels per day…

Subtropical Storm Alberto's Landfall Expected Early Next Week

File Image (CREDIT: AdobeStock / © mode_list)

U.S. Gulf of Mexico producers and refiners are monitoring Subtropical storm Alberto, which is expected to make landfall between east Louisiana and the Florida panhandle early next week, the companies said on Friday. The National Weather Service on Friday predicted…

EPA Announces Funding to Reduce Diesel Emissions

File Image (CREDIT: AdobeStock / © dbvirago)

Preference given to fleets in areas facing air quality challenges. The U.S. Environmental Protection Agency (EPA) announced the availability of grant funding to modernize the nation’s diesel fleet by retrofitting or replacing vehicles with cleaner, more efficient diesel engines.

Fieldwood Hungry for US Offshore Output

© eaumstocker / Adobe Stock

The Chief Executive of offshore oil and gas driller Fieldwood Energy LLC, Matt McCarroll, says he is not scared of the hurricanes, geological risks and costs that keep some oil companies out of the Gulf of Mexico. Instead, he is doubling down. The private equity-backed company - already the largest operator on the U.S.

Colonial Allocates Cycle 20 Shipments

Photo: Colonial Pipeline Co

Colonial Pipeline Co is allocating space for cycle 20 shipments on Line 1, its main gasoline line, and for cycle 21, on its Line 20 distillate pipeline, according to separate company notices sent to shippers on Tuesday. Committed information for Line 1 will be available on Thursday…

BSEE Inspects New Shell Appomattox Platform

Photo: BSEE

As Shell finishes construction on its Appomattox Semi-Submersible Platform hull, Bureau of Safety and Environmental Enforcement engineers and inspectors signed off on several topsides components during a pre-production inspection March 27, 2018. Royal Dutch Shell plc…

Colonial Allocates Cycle 14 Shipments on Main Distillate Line

File Image (CREDIT: AdobeStock / (c) maxsym Yemenyalov)

Colonial Pipeline is allocating Cycle 14 shipments on Line 2, its main distillate line, the company said in a notice sent to shippers on Friday. Committed information on the line will be available on Feb. 27, the company said. Line 2 runs from Houston to Greensboro, North Carolina.

U.S. Largest Offshore Oil & Gas Auction set for March

File Image (CREDIT: DNV GL)

The Trump administration on Friday said it would offer the largest oil and gas offshore auction in U.S. history on March 21 for areas in federal waters off the Gulf Coast, less than a year after a similar sale yielded little corporate interest. The Interior Department…