Tag Archives: Gulf

U.S. Gulf of Mexico share of global active offshore rigs declines since 2000

September 22, 2015 Source: U.S. Energy Information Administration, based on Baker Hughes Inc.Note: GOM is Gulf of Mexico. In response to the decline in crude oil prices since mid-2014, the number of active offshore rigs has declined worldwide, dropping close to 20%—304 offshore rigs were operating in August 2015, down from 377 in August 2014. […]

Egypt: Three New Petroleum Discoveries in Gulf of Suez, Eastern and Western Desert

Minister of Petroleum and Mineral Resources Eng. Sherif Ismael stressed importance of continuing development of the modern technological methods, adoption of unconventional ideas and expansion in implementation of the new wells drilling programs. These remarks came during a meeting held between the Minister and the petroleum leaders to review results of the exploration and development […]

U.S. crude oil production growth helps reduce Gulf Coast imports

June 22, 2015 Source: U.S. Energy Information Administration, In recent years, higher domestic production of light, tight crude oil has regions. One of the key characteristics of crude oil is its density, measured by . Less-dense liquids have higher API gravities. Crude oils with API gravities of 35 or above are considered light; 27 to […]

West Africa: Gulf of Guinea – Who Will Win the Oil Battle?

analysis By Barthélemy Blédé and André Diouf Côte d’Ivoire and Ghana are eagerly awaiting the a verdict from the Hamburg-based International Tribunal for the Law of the Sea, set to be delivered tomorrow, 25 April. The two countries are caught in a dispute over their maritime boundary. The real issue, however, is the control of […]

Oil production in federal Gulf of Mexico expected to continue increasing

March 3, 2015 Source: U.S. Energy Information Administration Note: Production data have not yet been reported for four of the eight fields (Cardamom Deep, Jack, St. Malo, and Tubular Bells). Because of the long timelines associated with Gulf of Mexico (GOM) projects, the recent downturn in oil prices is expected to have minimal direct impact […]

EIA tracking tool shows light-sweet crude oil imports to Gulf Coast virtually eliminated

February 10, 2015 Source: U.S. Energy Information Administration, Note: Heavy crude has an API gravity <= 27. Light crude has an API gravity >= 35. Medium crude has an API gravity between 27 and 35. Sweet crude has 0.5% sulfur content or less. Sour crude has more than 0.5% sulfur content. The increase in U.S. […]

Wyoming, Gulf of Mexico dominate fossil fuels production on federal and Indian lands

July 8, 2014 Source: U.S. Energy Information Administration based on Sales volumes of fossil fuels from production on federal and Indian lands in fiscal year (FY) 2013 varied widely across states, according to data from the Department of the Interior compiled and summarized in a . This is the first time this annual EIA report […]

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