By Naureen S. Malik (Bloomberg) -- The first floating terminal proposed to export natural gas out of the Gulf of Mexico has been cleared by U.S. regulators to send cargoes overseas. Fairwood Peninsula Energy Corp.’s Delfin liquefied natural gas project gained approval from the Energy Department on Thursday to send 1.8 billion cubic feet of LNG a day to countries that don’t … [Read more...]
Offshore Drillers Still Seeking Recovery Enjoyed by Shale
By Bailey Lipschultz (Bloomberg) -- While oil drillers in U.S. shale basins are starting to see business come back, their offshore brethren will have to wait for prices to surge well above $60 a barrel. U.S. offshore operators like Diamond Offshore Drilling Inc. and Atwood Oceanics Inc. are down more than 15 percent in the last month, as companies focus on onshore … [Read more...]
BSEE: 22 Percent of U.S. Gulf Oil Output Shut-in On Storm
Offshore oil and gas operators have shut-in approximately 19.52 of of the current oil production in the Gulf of Mexico as Tropical Storm Hermine makes its way across the eastern portion of the Gulf towards Florida. The National Hurricane Center said Wednesday that Tropical Depression 9 had strengthened into a Tropical Storm with maximum sustained winds of 40 mph. … [Read more...]
GoM Oil and Gas Operators Evacuate Platforms, Rigs Ahead of Storm
Offshore oil and gas operators in the Gulf of Mexico have started evacuating platforms and rigs in the path of a Tropical Depression 9, the Bureau of Safety and Environmental Enforcement said Monday. Based on data from offshore operator reports submitted as of 11:30 a.m. CDT today, personnel have been evacuated from a total of six production platforms and one non-dynamically … [Read more...]
Gulf of Mexico Oil and Gas Lease Sale Raises Just $18 Million
A U.S. government oil and gas lease sale covering the Western Gulf of Mexico garnered just $18 million in high bids on Wednesday, a reflection of the prolonged weak oil and gas market. According to the BOEM, today's sale offered 23.8 million acres in federal waters offshore Texas for oil and gas exploration and development. A total of three offshore energy companies … [Read more...]
Maersk Drilling to Cut 122 Jobs in U.S. After Losing Drillship Contract
COPENHAGEN, Aug 2 (Reuters) - Maersk Drilling will cut 122 jobs in the United States due to the early termination of a contract for deepwater rig Maersk Valiant, a spokeswoman told Reuters. Maersk Drilling, a unit of conglomerate A.P. Moller-Maersk , said last week it had signed a deal with ConocoPhilips and Marathon Oil to end the contract for the rig with effect from … [Read more...]
Mexico Planning First-Ever Deep Water Gulf Oil Auction
MEXICO CITY, Feb 26 (Reuters) - Contract awards for Mexico's first-ever deep water oil auction covering ten potentially lucrative blocks will take place on Dec. 5, oil regulator CNH said on Friday, a tender that will test investor interest amid a worldwide price slump. The ten blocks are located in the country's territorial waters in the Gulf of Mexico. The auction date … [Read more...]