Shell Makes Significant Deepwater Gulf of Mexico Find Shell Offshore Inc, a subsidiary of Royal Dutch Shell, announced a “significant” discovery at the Leopard prospect in the deepwater U.S. Gulf of Mexico. The Leopard well encountered more than 600 feet of net oil pay at multiple levels, according to Shell, which said the evaluation was ongoing to further define development options. New 2021 and 2022 Oil Price Forecasts from EIA The U.S. Energy Information Administration (EIA) updated its Brent spot price averages for 2021 and 2022 in its latest short-term energy outlook. The organization warned, however, that its latest report is subject to heightened levels of uncertainty because responses […]