OGJ Daily Newsletter - Aug 28th, 2023
 
 
OGJ Daily Newsletter | View online
 
August 28, 2023
The state of Louisiana, Chevron Corp., and the American Petroleum Institute sued the Biden administration Aug. 24 over last-minute restrictions imposed on upcoming Lease Sale 261 for Gulf of Mexico oil and gas exploration.
US shale oil producers' reinvestment rate hit a 3-year high in second-quarter 2023, but the recent trajectory won't last, according to Rystad Energy research.
Tivoli Midstream LLC, through subsidiary Tivoli Services LLC, closed a deal to acquire a crude oil pipeline system in Northern Texas (NTX) from affiliates of Phillips 66 Co. (PSX).
Equinor Energy AS has acquired Carbonvert Inc.’s 25% interest in Bayou Bend CCS LLC, a carbon capture and sequestration project sited along the Texas Gulf Coast.
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Sarawak Shell Berhad achieved first gas at Timi field in Block SK318, about 252 km north-west of Bintulu, Sarawak, in 143 m of water.
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Eni started production from Baleine field, offshore Ivory Coast.
Shell Offshore Inc. has signed a letter of intent with Seatrium for construction work related to the proposed Sparta floating development project in the Gulf of Mexico about 170 miles off the Louisiana coast.