Oil Outages in Gulf of Mexico Straining Tight Market
Six oil and gas fields in the Gulf of Mexico have been shut. Six oil and gas fields in the Gulf of Mexico have been shut after a leak at Continue Reading
U.S. offshore oil output to restart after pipeline fix
A damaged oil pipeline component that disrupted output at several offshore U.S. Gulf of Mexico platforms was repaired late Friday, a Louisiana official said, with producers moving to reactivate some Continue Reading
Six Gulf of Mexico Oil Fields Shut In After Pipelines Halted
Six oil and gas fields in the Gulf of Mexico have been shut after a leak at a Louisiana booster station halted two pipelines in the region. Shell Plc on Thursday Continue Reading
Offshore Drilling Is Coming Back With A Bang
It looks like the offshore oil and gas drilling market is in the early innings of an upcycle in investment and activity. Both Schlumberger and Transocean believe that the upcoming Continue Reading
Offshore Wind Turbines Soon To Join Rigs In Gulf Of Mexico
The Department of the Interior has announced steps to bring the opportunity of offshore wind energy to the Gulf of Mexico. In response to President Biden’s call to advance offshore Continue Reading
Shell Has Big Plans to Drill in the Gulf of Mexico Despite Climate and Political Debate
Political uncertainty is clouding prospects for new drilling in the Gulf of Mexico, but Shell SHEL 1.96%▲ PLC—the Gulf’s biggest producer—is still investing billions of dollars in its waters to pump oil for years Continue Reading
Shell Has Big Plans to Drill in the Gulf of Mexico Despite Climate and Political Debate
Political uncertainty is clouding prospects for new drilling in the Gulf of Mexico, but Shell SHEL -1.21%▼ PLC—the Gulf’s biggest producer—is still investing billions of dollars in its waters to Continue Reading
Biden releases five-year offshore leasing plan Friday
President Biden’s administration opened the door Friday to more offshore oil and gas drilling in federal waters over the next five years, setting a potential course for future U.S. fossil fuel extraction Continue Reading
US Interior proposes up to 11 offshore oil, gas lease sales in 2023-2028
The Biden administration proposed July 1 offering oil and natural gas drillers no more than 10 lease sales for offshore Gulf of Mexico acreage and a single auction for Alaska Continue Reading
Biden administration drilling plan may exclude all waters beyond Gulf of Mexico
The U.S. Interior Department has recommended to the White House that all federal offshore oil and gas drilling auctions over the next five years be located in the Gulf of Continue Reading