Shell sells stake in Gulf of Mexico field for $965 million
Royal Dutch Shell has agreed to sell its stake in the Caesar Tonga field in the Gulf of Mexico for $965 million in cash to a subsidiary of Israel’s energy Continue Reading
Big Oil Is Heading Offshore
Oil companies will this year increase their investments in offshore drilling for the first time after five years of spending cuts as optimism for this segment of the industry returns Continue Reading
Low prices spark interest in latest U.S. Gulf oil, gas lease sale
The Trump administration’s fourth major auction for oil and gas leases in the U.S. Gulf of Mexico received $244 million in high bids on Wednesday, reflecting an uptick in interest Continue Reading
U.S. Interior official suggests Trump drilling proposal will include Atlantic: recording
The Trump administration is likely to open up portions of the Atlantic to oil and gas drilling despite opposition from East Coast states, a U.S. Interior Department official suggested in Continue Reading
Washington’s Offshore Drilling Plan Due In Weeks
The Trump administration is set to unleash its offshore, five-year oil drilling plan within weeks, Reuters reported , quoting an unnamed source in the know. The plan is being prepared Continue Reading
Trump administration offshore drilling plan due ‘in coming weeks’: official
The Trump administration’s revised five-year program to expand offshore drilling in most federal waters will be released “in the coming weeks,” an Interior Department official said on Wednesday, after months Continue Reading
BOEM Schedules Gulf Of Mexico Lease Sale For March
The Bureau of Land Management has scheduled a region-wide oil and gas lease sale for the Gulf of Mexico, in which it will offer a total 14,696 blocks spanning 78 Continue Reading
Global Deepwater Oil Production To Hit New Record In 2019
Global deepwater liquid production is set to jump by 700,000 bpd from 2018 to reach a record-high of 10.3 million bpd in 2019, thanks to new fields coming on stream Continue Reading
Court blocks offshore oil testing permits during shutdown
A federal court on Friday blocked the Trump administration from issuing any permits to conduct seismic testing for offshore oil and natural gas drilling during the partial government shutdown. Judge Continue Reading
After billion-barrel bonanza, BP goes global with seismic tech
Buoyed by the success of seismic imaging that found an extra billion barrels of oil in the Gulf of Mexico, BP is looking to take its latest technology to Angola Continue Reading