Articles tagged Gulf Of Mexico

Williams is plowing ahead to bring a large Southeast project online amid the “unprecedented pace” in natural gas demand growth. It is also turning attention to other burgeoning opportunities, including offshore in the Gulf of Mexico (GOM), executives said.

Abaxx Technologies Inc. has seen active trading of its physically settled Gulf Coast LNG futures contracts since they were launched June 28 in what the company said is a strong sign of the market’s interest.

The U.S. natural gas rig count increased by one to make it an even 100 for the week ending Friday (May 31), while a one-rig decrease in the oil patch left the combined domestic tally unchanged at 600, according to updated numbers published by Baker Hughes Co. (BKR).

Driven by declines in the Appalachian Basin, the U.S. natural gas rig count dropped four units to finish at 99 for the week ended Friday (May 24), according to the latest numbers from Baker Hughes Co. (BKR).

The Gulf of Mexico (GOM) for decades was the breadbasket for U.S. natural gas and oil production, but the Lower 48 took over as unconventional drilling uncorked massive reserves. As onshore activity has waned, however, the deepwater is once again beckoning.

Chevron Corp.’s domestic operations, particularly in the Permian Basin, performed “stronger than we had anticipated” in the first quarter, with improved cycle times and natural gas and oil output, CEO Mike Wirth said Friday.

Houston-based Talos Energy Inc. is snapping up QuarterNorth Energy Inc., a privately held U.S. deepwater explorer in the Gulf of Mexico (GOM), as it doubles down to expand its “operational breadth and production profile,” CEO Timothy Duncan said.

While working toward first injections at a carbon dioxide storage site to serve Freeport LNG, Houston-based Talos Energy Inc. said it has begun flowing production from two deepwater wells in the U.S. Gulf of Mexico (GOM).

The deepwater Gulf of Mexico is getting renewed attention by Shell plc, which recently sanctioned two big projects in a row.

The U.S. natural gas rig count slid one unit to 116 for the week ended Friday (Dec. 1), while gains in the oil patch lifted the overall domestic count to 625, according to the latest figures from Baker Hughes Co. (BKR).