Byron Energy’s latest well located on South Marsh Island Block 71 in shallow water Gulf of Mexico was flowing at a rate of 8.3 million cubic feet per day of gas.
The original partnership in the late 1990s between Contango and Juneau Oil & Gas made several notable discoveries in the U.S. Gulf of Mexico.
Florida Republican Senator Marco Rubio has placed a hold on the Senate confirmation of President Donald Trump's pick to become the deputy secretary of the Interior Department, Katharine MacGregor, over concerns about the agency's plans to expand offshore drilling, his office said on Dec. 4.
The author traveled to Aker Solutions’ Norwegian facility to discover how wind power can help reduce carbon emissions for oil production.
The United States is deeply concerned by Turkey's announced intentions to begin offshore drilling operations in an area claimed by Cyprus as its exclusive economic zone, a State Department spokesperson said on May 5.
Environmental groups filed to block the executive order. Appeal considered likely.
The Trump administration’s revised five-year program to expand offshore drilling in most federal waters will be released “in the coming weeks,” an Interior Department official said on March 6, after months of opposition from coastal state lawmakers opposed to exposing their shorelines to oil and gas exploration.
The U.S. House of Representatives easily passed a public lands bill that permanently reauthorizes a fund that has funneled billions of dollars into land conservation, paid for by revenues from offshore oil and gas drilling.
The sale process for Verus Petroleum is being run by investment bank Jefferies and could fetch $500 million, according to the sources in a Reuters report.