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7/19/2019

On Aug. 27, 14,585 offshore tracts spanning 77.8 million acres in the Gulf of Mexico will be offered by the federal government at an oil and gas lease sale. The blocks are situated in waters as little as nine feet deep to up to over two miles deep.

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The Associated Press
7/19/2019

Tropical Storm Barry shut down 19% of US oil production and natural gas output in the Gulf of Mexico -- roughly the daily equivalent of 335,000 oil barrels and 519 million cubic feet of natural gas.

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Reuters
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Barry
7/19/2019

A unit of Baker Hughes, a General Electric oil-servicing subsidiary, will be sold to private equity firm Arcline Investment Management. Arcline is purchasing Baker Hughes' reciprocating comprehension division, in which it intends to "aggressively invest."

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Reuters
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Baker Hughes, GE, General Electric
7/19/2019

Though the oil refining industry has rebounded some, some experts believe a new product surplus is likely for the second half of 2019 and first portion of 2020. Key factors include a dip in global manufacturing activity.

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OilPrice (UK)
7/19/2019

A lagging global economy has led the International Energy Agency to cut its oil demand growth forecast for 2019 to 1.1 million barrels per day. More growth expectation cuts may be required.

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Reuters
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International Energy Agency, IEA
7/19/2019

Halliburton has been working on new 3D drilling technology that it says improves how geologists' analysis of a formation as drilling occurs. The process will simultaneously illustrate underground structures and formations.

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Halliburton
7/19/2019

Changing the original plan for the North Sea Wind Power Hub to use eight smaller islands to site wind turbines is "both technically feasible and economically feasible," says Michael Muller of Dutch energy firm TenneT. A European consortium had originally considered using one large artificial island.

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Newsweek
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TenneT
7/19/2019

Hawaiian Electric filed a motion with the state's Public Utilities Commission to open bidding for a second phase of renewable energy projects that would come online starting in 2022. "We needed even more projects in the pipeline," said Jim Kelly, Hawaiian Electric spokesperson.

7/19/2019

Public Service Company of Oklahoma wants to add 675 megawatts of wind power to bolster its wind output, which currently amounts to about a fifth of its total production. The proposal would result in the PSO owning 45.5% in three in-state wind facilities.

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Daily Energy Insider
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Public Service Company
7/19/2019

Vineyard Wind has notified the US Bureau of Ocean Energy Management that an environmental impact statement needs to be issued in six weeks at the latest or "it would be very challenging to move forward the Vineyard Wind 1 project in its current configuration." The company plans to have the over 80-turbine wind farm ready by 2022.

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Vineyard Wind