Trump’s Atlantic Drilling Plan May Be A Lost Cause
A key public comment period just ended for revising the offshore exploration program along the U.S. Atlantic Coast, and the path forward might not be as smooth as the Trump Continue Reading
Efforts mount to expand U.S. offshore drilling
After a rebound in the value of high bids for oil and gas acreage in the Gulf of Mexico, industry supporters said it was time to push for greater access. Continue Reading
Governor opposition complicates Trump administration’s Atlantic drilling plans
The Trump administration is facing increasing pressure from governors of East Coast states to keep federal Atlantic waters out of the five-year oil and natural gas leasing plan it hopes Continue Reading
Oil producers signal offshore return in latest Gulf of Mexico auction
Major oil producers pushed up high bids at a Gulf of Mexico offshore auction to $121 million on Wednesday, a nearly seven-fold increase from a year ago, as their return Continue Reading
Known Gulf of Mexico deepwater areas most attractive in modest lease sale
US Gulf of Mexico Lease Sale 249 on Wednesday was not a barn-burner, but it did show a measure of competitive bidding in the deepwater and even boasted two eight-figure Continue Reading
Has Gulf Of Mexico Production Peaked?
Amid strong indicators that U.S. shale production will reach new heights by the end of 2017, efforts to promote further exploration and production in the Gulf of Mexico, long a Continue Reading
Offshore drilling mergers raise hopes for sector recovery
Transocean’s GSF Development Driller II crosses Istanbul’s Bosphorus on its way to the Black Sea September 6, 2014.Murad Sezer HOUSTON (Reuters) – Mergers among offshore oil drillers are raising hopes Continue Reading
Has Gulf Of Mexico Production Peaked?
Production for May by BOEM was 1673 kbpd and by EIA 1661, compared with 1661 and 1658 kbpd, respectively in April. March looks like the peak, at least near term, Continue Reading
NC governor on Trump drilling plan: ‘Not off our coast’
Under pressure from President Donald Trump, North Carolina’s governor announced his opposition on Thursday to drilling for natural gas and oil off the Atlantic coast, saying it poses too much Continue Reading
Oil output slow, steady for U.S. in Gulf of Mexico
The slow, but steady, gain in oil production expected from the U.S. waters of the Gulf of Mexico shows the region is more stable than shale, a rig analyst said. Continue Reading