MassiveIndustry

(Thu, 12 Sep 2024) We recently implemented a new model for forecasting crude oil and natural gas production from the U.S. Federal Offshore Gulf of Mexico (GOM) in the <em>Short-Term Energy Outlook</em> (STEO). In our latest outlook, we forecast that GOM production will remain relatively flat with new fields offsetting the natural production declines from existing fields.

(Wed, 21 Aug 2024) Norway’s Johan Sverdrup field, the top producing oil field in Europe, will reach its production plateau near 755 thousand barrels per day by the end of the year, and the 88-megawatt Hywind Tampen project, the world’s largest floating offshore wind farm, entered operation in late 2022.

(Tue, 13 Aug 2024) Egypt is a significant and geographically important hydrocarbon producer. Egypt received a substantial boost to its natural gas production in the mid-2010s when major offshore fields, such as the Zohr field, were developed. Egypt operates the Suez Canal and the Suez-Mediterranean (SUMED) Pipeline; both of which are crucial midstream infrastructure for international energy markets. Egypt has also sought to position itself as the regional export hub for LNG. Egypt is the only country in the Eastern Mediterranean region with operational LNG export capacity.

(Mon, 01 Jul 2024) The East China Sea is a semi-closed sea bordered by the Yellow Sea to the north, the South China Sea and Taiwan to the south, Japan's Ryukyu and Kyushu islands to the east, and the Chinese mainland to the west. It has a total area of approximately 290,000 square miles, consisting of mostly shallow waters; three-fourths of the sea is less than 500 feet deep. In the Okinawa Trough, the depths exceed 6,500 feet.