offshore oil and gas

Hurricane Isaias strengthened into a major Category 3 hurricane Friday morning, with sustained winds reaching 120 mph as the storm approached the northern Gulf

Shell has agreed to acquire a 30% stake in Equinor’s Bay du Nord offshore oil project in Canada, bringing a new partner into the estimated C$14 billion

Nearly two-thirds of U.S. Gulf of Mexico oil production has been shut down as Hurricane Isaias strengthens ahead of an expected landfall along the northern

The Trump administration’s third “Big Beautiful” offshore oil and gas lease sale generated $82.7 million in high bids Wednesday, marking a rebound from a

New Zealand has awarded its first new offshore petroleum exploration permit since the government reversed the country’s ban on new offshore oil and gas

Federal agency moves ahead with third auction mandated under the One Big Beautiful Bill Act The U.S. Bureau of Ocean Energy Management (BOEM) has issued the

A fire broke out Monday aboard DCOR’s offshore Platform Habitat in the Santa Barbara Channel, prompting a multi-agency emergency response from the U.S. Coast

U.S. offshore oil production surged to a record 714 million barrels in 2025, marking a new high for output from the Outer Continental Shelf and underscoring

Equinor has officially moved into the drilling phase of its massive Raia gas development offshore Brazil, marking a key step forward for one of the country’s

The U.S. Bureau of Ocean Energy Management (BOEM) generated $46.98 million in high bids at its latest offshore oil and gas auction Wednesday, marking a sharp

The U.S. Bureau of Ocean Energy Management (BOEM) announced Wednesday that it will begin preparing a programmatic environmental impact statement (PEIS) to

Houston-based offshore vessel giant Tidewater Inc. is making a major push into Brazil, announcing a definitive agreement to acquire Wilson Sons Ultratug

The Bureau of Ocean Energy Management announced Wednesday it will auction approximately 80.4 million acres of federal waters in the Gulf of America in August,

Equinor expects 10-20% production decline at Johan Sverdrup, Europe's largest oil field growth source. The decline signals broader challenges for global oil

The Bureau of Ocean Energy Management (BOEM) plans to auction roughly 80.4 million acres of federal waters in the Gulf of America next month, advancing the

The Trump administration has taken the first formal step toward reopening California’s offshore waters to oil and gas drilling for the first time in decades

The Trump administration will hold the government's first sale of oil and gas drilling rights in the Gulf of Mexico since 2023 on Wednesday, a key test of

Beacon Offshore Energy LLC, an oil explorer backed by Blackstone Inc., is betting on a drilling renaissance in the Gulf of Mexico as it starts up some of the

The Department of the Interior has announced a comprehensive overhaul of the nation’s offshore oil and gas leasing framework, directing the Bureau of

The Bureau of Ocean Energy Management has set in motion what officials are calling a transformational expansion of U.S. offshore oil and gas development,