The US Bureau of Ocean Energy Management is trying to help identify issues that could arise as 27 offshore oil and gas platforms off southern California—all but three of which are in federal waters—are decommissioned, officials from the agency’s Pacific Region told members of BOEM’s Committee on Offshore Science and Assessment.
The light, sweet crude oil price for July delivery on the New York Mercantile Exchange fell by nearly $1 to settle below $43/bbl on June 21 while Brent crude oil for August delivery fell more than $1 to reach below $45/bbl on the London market.
Offshore oil and gas operators in the Gulf of Mexico began to
evacuate platforms and rigs in preparation for Tropical Storm Cindy, the
US Bureau of Safety and Environmental Enforcement announced.
Perth company FAR Ltd.
has moved to arbitration to resolve the current joint operating
agreement dispute regarding the company’s right to pre-empt the sale of
ConocoPhillips’ interest in three blocks, including one containing the
recent SNE oil discovery offshore Senegal.
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