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offshore oil and gas

Thursday, December 21, 2023
FILE PHOTO: An oil and gas drilling platform stands offshore in Alabama, October 5, 2013. REUTERS/Steve Nesius/File Photo

Gulf of Mexico Lease Sale Nets $382 Million, Most Since 2015

Dec 20 (Reuters) – A Biden administration auction of Gulf of Mexico drilling rights raised $382 million on Wednesday as oil companies

December 21, 2023
Total Views: 1303

Tuesday, December 5, 2023
Chunk of Norway’s Offshore Gas Discoveries Risk Going Untapped

Chunk of Norway’s Offshore Gas Discoveries Risk Going Untapped

(Bloomberg) — A swath of Norway’s offshore gas discoveries risk remaining untapped due to challenges ranging from complex reservoirs to costs of

December 5, 2023
Total Views: 1497

Wednesday, November 15, 2023
Rem Offshore's subsea vessel Rem Inspector. Photo courtesy Rem Offshore

Rem Offshore Secures New Contracts Worth $140 Million, Doubling Backlog

Norway-based Rem Offshore (OSE: REM) has announced new long-term contracts worth US $140 million (NOK 1.5 billion), doubling the offshore vessel

November 15, 2023
Total Views: 956

Tuesday, November 7, 2023
Tidewater offshore vessel at sea

Tidewater Shares Tumble as OSV Day Rates Hit New High-Water Mark

Shares of Tidewater Inc. (NYSE:TDW) fell more than 10% on Tuesday after the company reported impressive revenue of nearly $300 million in the third quarter

November 7, 2023
Total Views: 3787

Thursday, October 26, 2023
offshore rig north sea

Offshore Drilling Rigs Seeing Longer Contracts

The increasing utilization of offshore drilling rigs is causing a decrease in availability and longer contract awards and tender opportunities, according to

October 26, 2023
Total Views: 2663

Monday, October 23, 2023
File photo of an offshore drillship

Chevron Wins Piece of Exxon’s Guyana Oil Riches With Hess Deal

By Kevin Crowley (Bloomberg) — The crown jewel of Chevron Corp.’s $53 billion acquisition of Hess Corp. is a piece of larger rival Exxon Mobil

October 23, 2023
Total Views: 1072

Stock image of the Chevron logo

Oil Mega-Merger: Chevron to Buy Hess Corp for $53 Billion

By Sabrina Valle and Mrinalika Roy HOUSTON, Oct 23 (Reuters) – Chevron Corp agreed to buy Hess for $53 billion in stock to gain

October 23, 2023
Total Views: 3111

Tuesday, October 17, 2023
FILE PHOTO: An oil and gas drilling platform stands offshore in Alabama, October 5, 2013. REUTERS/Steve Nesius/File Photo

Oil Industry Titans Turn on Trump

By Jennifer A. Dlouhy (Bloomberg) — Oil industry leaders contributed top dollar to President Donald Trump in 2020. But now oil and gas titans are

October 17, 2023
Total Views: 42549

Monday, October 2, 2023
offshore drilling rig brazil

Brazil’s Petrobras Gets Permit to Start Drilling at Key Offshore Area

(Bloomberg) — Petroleo Brasileiro SA received a permit to research oil in a promising offshore region in Brazil’s Northeast as the energy giant seeks

October 2, 2023
Total Views: 653

Friday, September 29, 2023
offshore rig

US Plans Sharp Reduction in Offshore Oil and Gas Auctions

Sept 29 (Reuters) – The Biden administration on Friday unveiled a plan to phase down oil and gas auctions in federal waters with the release of

September 29, 2023
Total Views: 524

Thursday, September 28, 2023
offshore rig north sea

Biden Administration Navigates Offshore Oil Leasing Dilemma

By Jennifer A. Dlouhy and Jennifer Jacobs (Bloomberg) — The Biden administration is charting plans to sell offshore oil drilling rights in the Gulf of

September 28, 2023
Total Views: 1466

FILE PHOTO: U.S. President Joe Biden holds up a wind turbine size comparison chart while attending a meeting with governors, labor leaders, and private companies launching the Federal-State Offshore Wind Implementation Partnership, at the White House in Washington, U.S., June 23, 2022. REUTERS/Kevin Lamarque/File Photo

Record Low Sales Expected in Biden’s 5-Year Oil & Gas Lease Plan

By Jarrett Renshaw and Nichola Groom Sept 28 (Reuters) – The Biden administration’s five-year plan for offshore oil and

September 28, 2023
Total Views: 1494

Wednesday, September 27, 2023
The Petrojarl Knarr FPSO. Photo credit: Altera

UK Green Lights $3.8 Billion Rosebank Oil and Gas Project in North Sea

The UK government has granted a development and production license to Equinor and Ithaca Energy for the $3.8 billion Rosebank project northwest of Shetland.

September 27, 2023
Total Views: 926

Thursday, September 21, 2023
Location of Raia Manta and Raia Pintada fields in the area of BM-C-33. Map courtesy Equinor

Equinor Submits Plans for $9 Billion Field Projects Offshore Brazil

Norwegian energy company Equinor has announced the commercial viability and submitted development plans for two major offshore oil and gas fields in

September 21, 2023
Total Views: 898

Wednesday, September 13, 2023
semisubmersible drilling rig at sea

Guyana’s Anticipated Offshore Oil and Gas Auction Receives Bids for Eight Blocks

By Kiana Wilburg and Marianna Parraga GEORGETOWN, Sept 13 (Reuters) – Guyana on Wednesday received bids for eight of 14

September 13, 2023
Total Views: 1105

Thursday, August 24, 2023
Biden Trims Gulf Oil Lease Area to Protect Rare Whale Habitat

Biden Trims Gulf Oil Lease Area to Protect Rare Whale Habitat

(Bloomberg) — The Biden administration plans to auction 67 million acres in the Gulf of Mexico for oil and gas development in a lease sale next

August 24, 2023
Total Views: 1860

Wednesday, August 23, 2023
offshore oil rig

Gulf of Mexico Offshore Workers Falling Victim to Heat-Related Illness as Temps Soar

The Department of the Interior’s Bureau of Safety and Environmental Enforcement (BSEE) has issued a heat advisory for offshore workers as some workers

August 23, 2023
Total Views: 1470

Saturday, August 19, 2023
Offshore oil rigs. Photo: By Lukasz Z / Shutterstock

Unions May Strike At Key Australia Gas Platforms

By Alasdair Pal SYDNEY, Aug 20 (Reuters) – Unions at Woodside Energy Group’s WDS.AX North West Shelf offshore gas platforms on Sunday

August 19, 2023
Total Views: 676

Offshore drilling rig photo via Shutterstock / James Jones Jr

Namibia Plans $2.1 Billion Port Expansion For Oil Developments

By Kaula Nhongo (Bloomberg) –Namibia is seeking private investment for a 40 billion Namibian dollar ($2.1 billion) port infrastructure expansion

August 19, 2023
Total Views: 4120

Wednesday, August 16, 2023
Offshore oil and gas platform

Scotland’s Budget Deficit Shrinks on Record North Sea Oil Money

(Bloomberg) — Scotland’s public spending deficit narrowed after revenue from North Sea oil more than tripled to a record. The shortfall dropped to

August 16, 2023
Total Views: 749


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