Tropical Depression Nine has already forced personnel to evacuate from nine production platforms, just more than 1% of the 750 unmanned platforms in the GoM, as a precautionary measure.
Statoil will drill at least five exploration wells in 2017 at an estimated $25 million per well.
Two D-J Basin players reflect on lessons, accomplishments and the future of Colorado’s hottest play at the COGA Energy Summit.
Personnel have been evacuated from six production platforms as Tropical Depression No. 9 moves farther into the U.S. Gulf of Mexico, the U.S. Bureau of Safety and Environmental Enforcement (BSEE) said in a news release Aug. 29.
About 3 billion barrels worth of pre-FID projects await sanction, according to an energy consultancy.
Wartsila joins with Gasum to develop LNG distribution network for industrial sector.
Development costs for Phase 1 of the project offshore Norway have fallen by 21%.
The estimates for the Utgard, Oda, Zidane, Trestakk, Snilehorn, Johan Castberg, Snorre Expansion and Johan Sverdrup Phase 2 projects have fallen from about NOK 270 billion (US $32.5 billion) to NOK 150 billion ($18 billion), the NPD said.
The production at Norway's only Arctic oil field was shut Aug. 26 after the platform lost power supply from shore, prompting partial staff evacuation.
All other major producers in the area said they were still monitoring the weather and had not evacuated anybody.
Brent crude oil futures were down 32 cents at $49.35 per barrel by 1144 GMT, while U.S. West Texas Intermediate (WTI) crude was down 22 cents at $47.11 a barrel.
Data issued by energy monitoring firm Genscape showed a drawdown of more than 313,000 barrels at the Cushing, Okla., delivery point for U.S. crude futures during the week to Aug. 23, Reuters reported.