Big energy companies with deep pockets could carve out a durable U.S. position on the global energy market with offshore production, analysis found. The U.S. Energy Information Administration reported total Continue Reading
The Trump administration made history Tuesday in proposing that nearly 77 million acres in the Gulf of Mexico be made available for companies wanting to purchase federal oil and gas Continue Reading
The highest-profile happening was a new offshore petroleum lease sale — announced last Tuesday by the Department of Interior. It will make available the largest swath of drilling acreage ever Continue Reading
In a historic auction for deepwater oil assets in Brazil, the oil majors showed up on October 27 and bought several offshore blocks, indicating a high level of interest in Continue Reading
GoM C&C production for July by BOEM was 1746 kbpd and by EIA 1761, compared with, respectively, 1631 and 1634 kbpd (corrected) in June. The EIA number is a new Continue Reading
With the opening of what’s described as the biggest grab of U.S. offshore assets ever, an analyst said the region is best suited for the biggest of firms. U.S. Interior Continue Reading
BOEM proposes lease sale for nearly 77 million acres in Gulf of Mexico. The U.S. Department of the Interior’s Bureau of Ocean Energy Management (BOEM) on Tuesday proposed what it Continue Reading
Last quarter, offshore drilling rig companies retired more rigs than ever before in a three-month period, according to one energy advisory firm. Embattled Transocean is sending six floating rigs to Continue Reading
Transocean Ltd. is finally sending Pathfinder to its grave, after two years in a Caribbean purgatory that cost about $15,000 a day. The move by the world’s biggest offshore-rig operator Continue Reading
An offshore drilling act critics said was “wish list” legislation for the oil and gas industry was hailed as a strategic win by House Republican leadership. The House Natural Resources Continue Reading
