Pirates Attack Micoperi OSV in Gulf of Mexico, Injuring Two

MEXICO CITY, Nov 12 (Reuters) - Pirates attacked an Italy-flagged offshore supply vessel in the southern Gulf of Mexico, injuring two crew members, the Mexican Navy said on Tuesday, in the latest outbreak of robbery and piracy to hit oil platforms and infrastructure in the area. One of the crew members of the boat, "Remas," received a bullet wound, and the other suffered a … [Read more...]

Texas Coast Supertanker Terminal On Track for Late 2022

By Devika Krishna Kumar NEW YORK, Nov 7 (Reuters) - Energy Transfer LP said on Thursday discussions with potential shippers to build an offshore crude export facility in Texas capable of handling supertankers were progressing on schedule, with the project expected to be in service by late 2022 or early 2023. The company has also made advances on the regulatory and permitting … [Read more...]

U.S. Gulf’s Deepwater Oil Drillers Get $18 Billion Break from Decades-Old Law

By Jennifer A. Dlouhy (Bloomberg) --The U.S. has forfeited some $18 billion tied to oil and gas production in the Gulf of Mexico since 2000 because of a decades-old law that gave energy companies a break on paying royalties when drilling in deep waters, federal investigators concluded Thursday. The foregone revenue will keep climbing, as energy companies continue to harvest … [Read more...]

Pemex Seeks Control of U.S. Firm’s Billion-Barrel Find in Gulf of Mexico

By David Alire Garcia MEXICO CITY, Sept 30 (Reuters) - When U.S. oil firm Talos Energy found nearly a billion barrels off Mexico's southern Gulf coast two years ago, it marked the first discovery by a foreign firm since the oil industry was nationalized eight decades earlier. Now Mexico's state-run oil firm Pemex wants to take over the lucrative project, according to two … [Read more...]

Region-Wide Gulf of Mexico Lease Sale Draws $159.4 Million in High Bids

By Jessica Resnick-Ault and Nichola Groom NEW YORK, Aug 20 (Reuters) - A major auction of oil and gas leases in the U.S. Gulf of Mexico on Wednesday received $159.4 million in high bids, government officials said. Combined with a March auction that drew $244.3 million in high bids, the total was the highest annual bid level since 2015, officials from the Bureau of Ocean … [Read more...]