Stories tagged with "gulf of mexico"

Update on US GOM: Methane Hydrates

This is a guest post by Jean Laherrère, the second of a series on the current knowledge of the deepwater Oil and Gas reserve at the Gulf of Mexico. In this second installment Jean analyses the Methane Hydrate resource of the region, in face of recent claims of great drilling results in the region.

The first article of the series, on the conventional Oil and Gas reserve, can be found here. Thanks to ace's diligence an error was identified and corrected, resulting in an update to the graph on Commulative Oil and Gas Discovery over 400 meters deep.

Update on US GOM from MMS, EIA and Scout Data

This is a guest post by Jean Laherrère on the current knowledge of the deepwater Oil and Gas reserve at the Gulf of Mexico. In this first installment of the series Jean looks at data recently made public by the MMS and compares it to previously published information from the EIA and scout companies.

In a coming installment Jean will discuss the recent Methane Hydrates findings announced in the region.

Update: The graph on Commulative Discovery for over 400 meters deep was corrected; originally showing the oil curve reaching close to 12 Gb, the correct figure is around 7 Gb. Thanks to ace for his diligent scrutiny.

Blogger Conference Call with Robert Ryan, VP of Global Exploration, Chevron

This post is a summary of a conference call for bloggers hosted by the American Petroleum Institute (API) on Friday, May 15th, 2009, from 12 to 1 pm. The conference call was set up as a Q & A session where questions from numerous bloggers were fielded by Robert Ryan, the Vice President of Global Exploration at Chevron. Other participants that fielded some questions were Justin Higgs, News Media Advisor (Chevron), Mark Kibbe, Federal Relations Director (API), and John Felmy, Chief Economist (API). The following is an abridged version of the transcript, focusing on some of the more interesting questions and answers. A complete transcript of the conference call and recording of the call can be found here.

USA Gulf of Mexico Oil Production Forecast Update

Here's an update of USA Gulf of Mexico (GoM) oil production using the most recent EIA data. GoM production peaked in June 2002 at 1.73 mbd and is forecast to continue declining.

click to enlarge

Nate Hagens on "The Reality Report" with Jason Bradford at 12:10-1:00pm EDT on Energy, Weather, and Sasquatch Hunting

Noon EDT on http://www.kzyx.org. Have a listen!

Riders on the Storm: Stopping and Restarting Offshore Oil and Gas

It has been five days since Hurricane Gustav blew through town, and industry is still working to restore the flow of oil and gas from offshore production platforms in the Gulf of Mexico:

Meanwhile, about 47 percent of more than 700 stationary offshore platforms in the Gulf of Mexico remained evacuated Friday, according to the Minerals Management Service in New Orleans. The agency also said that 34 of 121 oil rigs remained unmanned.

Under the fold the latest from the industry on the LOOP, Port Fourchon, and other infrastructural concerns.

Gustav and the Louisana Offshore Oil Port -- What do we need to know?

Hurricane Gustav has brushed by the Louisiana Offshore Oil Port (LOOP), where 1.2 million barrels of oil per day is offloaded from supertankers. Here is the recent trajectory of Gustav superimposed on a map of the LOOP area, including Port Fourchon, also of critical importance to the production of oil from the Gulf of Mexico.

Hurricane Gustav, Energy Infrastructure & Production Impacts/Models (Updated!--Thread 2)

(Welcome: we are now on a later and more updated thread, which can be found here: http://www.theoildrum.com/node/4478 NB: you may want to just go the front page (it will be post #1 or #2) to get to the most recent thread: http://theoildrum.com ...)

Hurricane Gustav is on its way. Damage to oil and gas infrastructure from this event is looking more and more likely on current track. Here are the latest damage graphs and updates from KAC/UCF. Update from Chuck Watson 9:24 EST (Next update Saturday 8/30)

Continuing westward shift: this based on the BAMD model, which is doing as well as the more sophisticated runs and is a lot faster (this run based the 8pm position and intensity estimates, so it's almost real time as opposed to waiting 3-4 hrs for GFDL or HWRF).

A Tale of Two Speeches--OPEC's Demand Side Fear Is Very Real

This is a guest post by Roger Conner Jr., known on TOD as ThatsItimout.

(Throughout, all headlines in all caps are mine, to help structure the content of the remarks, extracted from the following speeches. Links are provided so that the original remarks and slides can be viewed in entirety by the reader)

Presentation by Dr. Nimat B. Abu Al-Soof, Upstream Oil Industry Analyst, Secretariat, to the OPEC-organized session "The Petroleum Industry: New Realities Ahead?", at the Offshore Technology Conference 2007, Houston, Texas, 30 April - 3 May.

http://www.opec.org/opecna/Speeches/2007/OPECSpareCapacity.htm

If we look at the future, however, the issue of security of demand, which is intrinsically linked to the issue of security of supply, is of very real concern. Without confidence that there will be demand for OPEC oil, the incentive to undertake investment will also be reduced because of concerns that this will lead to large levels of unused capacity and, in turn, to downward pressures on oil prices.

This would result in huge revenue losses and OPEC Member Countries, as developing countries with strong competing needs for financial resources, would be adversely affected in terms of available resources for education, healthcare and infrastructure.

Hurricane Dean's Impact on Oil Infrastructure

UPDATE: NEW UPDATED POST ON TOP OF FRONT PAGE AS OF 1:20am EDT, 8/21

This post is a collection of different Google Earth based mashups of various weather data, oil infrastructure overlays and excellent impact maps established by Chuck Watson (see also PG's post for a list of resources on Mexico oil infrastructure). The list of Google Earth files (kml/kmz files) used in this post can be find on my blog. There is now a good likelihood that Dean will impact significantly the Cantarell and the KMZ oil complex which constitute the backbone of the Mexican production.


I will try to update this post during the day as soon as new forecasts are available.