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BOEM’s Lease Sale 254 to offer 78 million acres for Gulf of Mexico exploration

BOEM’s Lease Sale 254 to offer 78 million acres for Gulf of Mexico exploration

The US Department of the Interior said that the Bureau of Ocean Energy Management (BOEM) has proposed to offer nearly 78 million acres for a region-wide lease sale through the Lease Sale 254 program, scheduled for March 2020. Lease Sale 254 will include all available unleased areas in the US territorial waters of the Gulf […]

Chevron sanctions waterflood oil recovery project in St Malo oil field

Chevron sanctions waterflood oil recovery project in St Malo oil field

Chevron and its partners have agreed to move ahead with a waterflood oil recovery project in the St Malo oil field in the US Gulf of Mexico. The St Malo oil field, which is located about 280 miles south of New Orleans in Louisiana, has an estimated production life of another 30 years. The waterflood […]

Shell takes investment decision on PowerNap deepwater project

Shell takes investment decision on PowerNap deepwater project

British-Dutch oil and gas firm Royal Dutch Shell has taken the final investment decision on the PowerNap deepwater project in the US Gulf of Mexico. Discovered by Shell in 2014, the PowerNap field is located in the south-central Mississippi Canyon area, approximately 240km from New Orleans. Expected to begin production in late 2021, PowerNap will […]