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The Offshore Frontier

Diamond Offshore launches cybernetic BOP service

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Diamond Offshore Drilling announced the launch of its Sim-Stack service, the offshore drilling industry's first cybernetic BOP service enabling Diamond Offshore to continuously and accurately assess BOP status. When issues arise, the Sim-Stack service immediately determines a proper course of action while providing a third party statement of fact to the operator, BSEE and other regulatory bodies...

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US Gulf of Mexico crude production to continue at record highs through 2019

Source: U.S. Energy Information Administration, Short-Term Energy Outlook

US crude oil production in the Federal Gulf of Mexico (GOM) increased slightly in 2017, reaching 1.65 million bbl/day, the highest annual level on record. Although briefly hindered by platform outages and pipeline issues in December 2017, oil production in the GOM is expected to continue increasing in 2018 and 2019, based on forecasts in the EIA’s latest Short-Term Energy Outlook (STEO). EIA expects the GOM to account for 16% of total US crude oil production in each year...

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