Energy Forum News


Deepwater discoveries signal life in offshore sector

Flurry of major finds could provide needed boost to energy industry



Chevron Announces Major Oil Discovery in Deepwater Gulf of Mexico

The initial Ballymore well reached total measured depth of 29,194 feet and encountered more than 670 feet net oil pay with excellent reservoir and fluid characteristics.



New Mexico State Income Rises on Energy Rebound

Thanks to a rebound in New Mexico's oil industry, the state's lawmakers have much more money to work with as they craft a spending plan for the coming fiscal year that aims to boost spending on education, courts and law enforcement.



West Virginia issues permit for Atlantic Coast Pipeline

Lead developer Dominion Energy said it expects to get remaining approvals to begin full construction by spring and finish by late 2019.



A Biofuels Bankruptcy

The renewable fuel standards (RFS) suffocate a Philadelphia refiner.



Offshore energy is critical to future energy security

Offshore development plays a critical role in U.S. energy security, supplying more than 1 million barrels of oil per day for the last 20 years.



Offshore could be beating U.S. shale

Some break-even costs for offshore developments are about $10 per barrel lower than in U.S. shale basins, a new report finds.



The Offshore U.S. Oil And Natural Gas Treasure Trove

U.S. Interior Secretary Ryan Zinke recently announced a leasing plan for 2019-2024 that would put more than 90% of the total Outer Continental Shelf (OCS) acreage and over 98% of "undiscovered, technically recoverable" oil/gas resources in federal offshore areas in play for future exploration and development.



U.S. Feb shale output expected to rise to 6.55 mln bpd: EIA

The global oil market has been closely watching U.S. output, which may continue to contribute to global oversupply even as OPEC members, Russia and other producers curb production.



U.S. expected to become net exporter of natural gas for first time in decades

[T]hanks to increased natural gas exports to Mexico, LNG exports to at least 20 countries and less gas flowing into the country from Canada, according to the U.S. Department of Energy.