Will Trump Spark An Offshore Drilling Boom?
In a bid to fend off criticism over a dearth of achievements in his first 100 days in office, President Trump plans to sign a flurry of executive orders this Continue Reading
Unsung Gulf of Mexico Tracks New Crude Oil Production Record
Permian Basin hoards the spotlight, but meanwhile, offshore producers are a fraction of a percentage point away from hitting another all-time high during the first half of the year, according Continue Reading
Trump to sign offshore orders as 100th day in office, shutdown near
Ahead of his 100th day in the White House on Saturday, President Trump is expected this week to unveil details of major policy initiatives, including executive orders aimed at expanding Continue Reading
BP Gulf Oil Spill Damage Valued at $17.2 Billion in New Study
BP Plc’s 2010 Gulf of Mexico oil spill caused damage to beaches, animals, fish, and coral that the public values at $17.2 billion, according to a financial accounting released on Continue Reading
Bankruptcy leads to closure of platform offshore California
The pending closure of an oil installation offshore California because of a corporate bankruptcy marks a shift in state trajectory, environmentalists said. Venoco, which has its headquarters in Colorado, said Continue Reading
U.S. offshore oil production on the rise
With two oil fields in the Gulf of Mexico starting production this year, and five on tap for 2018, offshore production is set to increase, a U.S. report found. Eight Continue Reading
Gulf of Mexico crude oil production, already at annual high, expected to keep increasing
U.S. crude oil production in the Federal Gulf of Mexico (GOM) set an annual high of 1.6 million barrels per day (b/d) in 2016, surpassing the previous high set in Continue Reading
Florida lawmaker fending off calls for oil and gas drilling
Amid calls for more oil and gas drilling, a Democratic senator in Florida said he was “beating back” pressure for exploration in the Gulf of Mexico. Industry groups like the Continue Reading
Gulf Of Mexico Breakeven Falls Below $50 Per Barrel
Twice as many deepwater projects expected this year as the last two years combined While U.S. shale has been by far the most important topic when discussing U.S. oil and Continue Reading
Seadrill in a Free Fall Seen Left to Day Traders as Hope Fades
Seadrill Ltd. , once the crown jewel of billionaire John Fredriksen’s business empire, is at the mercy of short-term speculators as the biggest funds shun the offshore driller amid a Continue Reading