offshore oil and gas

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,

The Trump administration is ruling out selling offshore oil and gas leases along the US East Coast, after its initial plan for auctioning them drew alarm from

By Jennifer A. Dlouhy Oct 23, 2025 (Bloomberg) –The Trump administration is readying a proposal to open almost all US coastal waters to new offshore

Louisiana-based Otto Candies, LLC has acquired four multi-purpose support vessels from Harvey Gulf International Marine, marking a significant expansion of the

Former U.S. President Joe Biden exceeded his authority by withdrawing large areas along U.S. coastlines from future offshore oil and gas development, a federal

Governor Gavin Newsom is seeking to impose further restrictions on California’s offshore oil industry, a setback to Sable Offshore Corp. and its

By Paul Burkhardt Aug 29, 2025 (Bloomberg) –Searching for oil prospects in a block bigger than Rhode Island, Travis Smithard made a last-minute

Norway’s northernmost oil field, Johan Castberg, was officially opened today by Norwegian Energy Minister Terje Aasland, marking a significant milestone