The Biggest Opportunity Right Now In Oil And Gas
Offshore exploration has been a rare bright spot for the global oil and gas industry lately. Some of the movement in the offshore sector is coming as governments get more Continue Reading
Offshore Drillers Brace for More Pain Even With Bottom in Sight
Transocean, Seadrill see utilization rates stabilizing in 2017 As many as 60 more floating rigs need to be scrapped Offshore oil-rig operators, grappling with the biggest industry downturn in a Continue Reading
‘Deepwater Horizon’ Film Retraces Stigma of U.S. Oil Disaster
BP supervisors on rig depicted putting profits above safety Star-driven movie premiered at Toronto filmfest this week Just as memories of the 2010 Deepwater Horizon oil rig disaster were starting Continue Reading
Anadarko Goes Deeper in GOM with $2B Deal
Anadarko Petroleum Corp. is diving even further into deepwater Gulf of Mexico with a $2 billion acquisition of assets from Freeport McMoran Oil & Gas, the company announced Monday. The Continue Reading
Deep Investment Cuts Will Slow Rebound For Offshore Oil Services
French oil services company Bourbon said on Thursday that any rebound in oil and gas prices will take a while to reach companies in the offshore marine sector because of Continue Reading
Shell starts new production in Gulf of Mexico
After taking a partial cash offer for assets in the region, Royal Dutch Shell said it started production at its deepest project yet in the Gulf of Mexico. Shell said Continue Reading
Where Will Gulf Of Mexico Oil Production Go From Here?
In this post, I will address 3 topics relating to the Northern Deepwater Gulf of Mexico – 1. Historical oil production 2. One view of the future of exploration 3. Continue Reading
Shell to Sell Gulf of Mexico Oil Assets for $425 Million
Royal Dutch Shell Plc agreed to sell its Brutus/Glider operation in the Gulf of Mexico for $425 million as Chief Executive Officer Ben Van Beurden seeks to resuscitate an explorer Continue Reading
Has The Gulf Of Mexico Fallen Out Of Favor With The Oil Majors?
A glitch interrupted the first-ever U.S. livestream of an oil lease sale on Wednesday, and although it didn’t affect the bidding, this epic fail provided just the right metaphor to Continue Reading
Modest interest in latest Gulf of Mexico lease
Despite tough industry conditions, bidding that emerged in the latest lease shows the U.S. Gulf of Mexico remains good energy acreage, the government said. Only three companies emerged with bids Continue Reading