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Operated by Shell, with JV partners Chevron (37.5%) and BP (27.5%), the spar acts as a hub for and enables development of three fields Great White, Tobago, and Silvertip. The oil and gas fields beneath the platform lie in a geological formation holding resources estimated at 3–15 billion barrels of oil equivalent according to a report by the BSEE, formerly known as the MMS.
The first federal lease sale offshore Alaska was held in 1976. Alaska produces oil and gas from offshore areas in the Cook Inlet and the Arctic Ocean. [7] Endicott Island is an artificial island built to produce oil from beneath the Beaufort Sea. There are currently four artificial islands being used for drilling.
The first federal lease sale offshore Florida was in 1959. In the 1980s the state of Florida objected to further federal lease sales in offshore Florida, and the last one was held in 1985. Because of state objections, the federal government agreed to pay $200 million to nine oil companies to buy back leases south of 26 degrees north latitude. [28]
The possible offshore lease sale became an issue in the 2009 race for governor of Virginia. [43] The winner, Bob McDonnell, urged during his tenure that the sale take place. [44] In May 2010, President Obama announced his decision to cancel the offshore Virginia lease sale, in response to the Deepwater Horizon oil spill in the Gulf of Mexico. [45]
Mad Dog Oil Field is an offshore oil field located along the Sigsbee Escarpment at Green Canyon blocks 825, 826 and 782, Western Atwater Foldbelt, Gulf of Mexico. The field is located about 190 miles (310 km) south of New Orleans and 150 miles (240 km) southwest of Venice, Louisiana, United States. It is in the depth of 5,000 to 7,000 feet ...
Hercules Offshore is soon to be roughly $45 million richer thanks to an asset sell-off. The company has inked a deal to sell 11 of its inland barge rigs plus related assets. In the press release ...
Oil companies offered $382 million for drilling rights in the Gulf of Mexico on Wednesday after courts rejected the Biden administration's plans to scale back the sale to protect an endangered ...
W&T Offshore Inc (64%) 1130 24,000 Height is only to water level, likely to be taller than the Cognac Platform Amberjack Platform [1] 314+ 1,100+ 1991 Truss tower United States Gulf of Mexico Stone Energy 1100 or 1030 Height is only to water level, likely to be taller than the Cognac Platform. Heritage Platform [20] 326+ 1,075+ 1992 Truss tower