Offshore Oil Closes In On Shale
Offshore crude oil extraction, including deepwater, is closing in on shale in terms of cost thanks to new production technologies, a senior Chevron executive said at an industry event, as Continue Reading
Trump Rollbacks Target Offshore Rules ‘Written With Human Blood’
A dozen miles off the coast, on a rusty, aging platform, workers in hard hats and overalls spend their days extracting oil and gas from the ocean floor before retreating Continue Reading
Gulf Oil Sale No Turning Point for Offshore Drilling
The Trump administration’s efforts to jump-start offshore exploration got off to a weak start as a big auction of oil and gas leases in the Gulf of Mexico drew few Continue Reading
Largest Gulf of Mexico Lease Sale In History Attracts Lukewarm Interest
The Interior Department’s U.S. Gulf of Mexico Lease Sale 250 attracted $139 million in bids concentrated in deepwater offshore Louisiana and others areas near the Mexican border, according to a Continue Reading
Record-size U.S. offshore oil lease sale draws modest bidding
The largest lease sale in American history in the offshore Gulf of Mexico yielded $124.76 million dollars in winning bids on Wednesday, a modest response to the Trump administration’s effort Continue Reading
BP On Schedule To Drill First Deepwater Mexican Well By 2020
BP will begin drilling for oil in a Mexican deepwater offshore block in two years, after its drilling plan was approved by Mexico’s oil and gas regulator, the National Hydrocarbons Continue Reading
GoM Production, 2017 Summary
A Guest Post by George Kaplan 2017 was the highest producing year for oil in the GoM and included the record month in March. Gas, which has tended to come Continue Reading
US offshore industry downplays importance of ‘bellwether’ Gulf sale
The Trump administration has dubbed Wednesday’s Gulf of Mexico oil and natural gas lease sale as the largest in US history and Interior Secretary Ryan Zinke has called it a Continue Reading
Offshore Oil and Gas Operators Want Less Regulation, but Surprise Inspections Find Serious Safety Problems
An oil rig worker in 2006. An increase in lift-related accidents in the offshore drilling industry last year led to surprise inspections from Interior Department officials. Faced with questions about Continue Reading
U.S. states slow Trump offshore oil drilling expansion plan
The Trump administration’s plan to broadly expand drilling in U.S. offshore waters is moving slowly due to opposition from coastal states and indifference from oil companies that have turned their Continue Reading