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Energy Tomorrow Blog

Anadarko's Lucius: Tapping a 'World-Class Reservoir'

Offshore Production  offshore drilling rig  offshore drilling in gulf 

Mark Green

Mark Green
Posted July 22, 2013

Think of Anadarko Petroleum’s Lucius spar, the steel tube that will support the company’s newest Gulf of Mexico production platform, as a soda can floating in the ocean. A 23,000-ton soda can.

Company officials showed off the spar earlier this month at Kiewit Offshore Service’s fabrication yard in Ingleside, Texas, across the bay from Corpus Christi. 

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Study: Effects of Gulf Drilling Policies Detailed

permits  offshore drilling  moratorium  gulf of mexico  access 

Mark Green

Mark Green
Posted January 11, 2012

Policies have consequences. Certainly, we’ve seen economic impact in the 2010 decision to halt deepwater drilling in the Gulf of Mexico and the subsequent slow pace of oil and natural gas permitting. A new study released by API underscores this:

The effects of the deepwater drilling moratorium and subsequent permit slowdown have already reduced total capital and operating expenditures in the Gulf of Mexico by a combined $18.3 billion for 2010 and 2011 relative to pre‐moratorium plans. Since April 2010, eleven deepwater drilling rigs have left the Gulf of Mexico. These rigs have gone to countries such as Brazil, Egypt and Angola. Through 2015, the investment in other regions instead of the U.S. associated with these rigs is estimated to be over $21.4 billion including drilling spending and associated project equipment orders, even accounting for the portion of equipment that will likely be manufactured in the United States. As a result of decreases in investment due to the moratorium, total U.S. employment is estimated to have been reduced by 72,000 jobs in 2010 and approximately 90,000 jobs in 2011.

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Don't Mess with Success

deepwater drilling  domestic energy  earnings  edward markey  energy policy  Jack Gerard  offshore drilling  technology innovation  windfall profits  deepwater drilling technology  deepwater royalty relief act  offshore drilling in gulf  perdido 

Jane Van Ryan

Jane Van Ryan
Posted April 19, 2010

Many people in Washington and New York apparently have short memories. A case-in-point is the Deepwater Royalty Relief Act, which was passed during the Clinton Administration to encourage energy companies to develop oil and natural gas in the deep waters of the Gulf of the Mexico.

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