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Federal Waters
Exploration & Production , Legislation
BOEM Reinstates Gulf of Mexico Lease Sale 257
After a roller coaster of events related to the sale, Chevron, Lease Sale 257’s apparent high bidder, is ‘pleased’ with the latest development.
September 14, 2022
Deepwater
Top 12 Recent Gulf of Mexico Discoveries
November 2021: Shell Hits More than 600 ft of Net Oil Pay at Leopard Prospect
November 16, 2021
Exploration & Production , Policy & Regulations , Technology
Trump Administration Encourages Offshore Drilling in Final Energy Push
Agency is considering lower royalties; most GoM facilities are producing at less than 25% capacity.
December 4, 2020
Deepwater
BP and Ithaca Start Production at Vorlich Field in North Sea
BP and Delek Group-owned Ithaca Energy have started oil and gas production at the Vorlich field in Britain's central North Sea, the companies said on Thursday.
November 26, 2020
Exploration & Production , Legislation
Trump Administration Considers Policy Change for Remote Offshore Wells
The U.S. government is considering changes to policies for oil companies operating in the offshore Gulf of Mexico that might allow existing platforms to lengthen extensions to remote wells.
August 18, 2020
Business , Exploration & Production , Policy & Regulations , Drilling
US Grant Royalty Cuts for Struggling Offshore Drillers
Offshore oil and gas drillers and lawmakers representing U.S. Gulf Coast states lobbied aggressively for broad cuts to the rate companies must pay on their operations.
June 11, 2020
Lease Sales
Egypt Awards Oil, Gas Exploration Concessions In Red Sea
Egypt said on Dec. 29 that it awarded oil and gas exploration concessions in the Red Sea to Chevron, Royal Dutch Shell and Mubadala in an international tender.
December 29, 2019
Shelf , Legislation
Marco Rubio Blocks Trump Interior Nominee Over Offshore Drilling
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.
December 4, 2019
Private Equity , Deepwater , Trends
New King Of North Sea Takes On Total, BP
This year, Chrysaor, will, according to some estimates, be the biggest oil and gas producer in the North Sea, rivaling Total and BP.
October 13, 2019
Deepwater , Legislation
House Passes Two Bills To Ban New Offshore Drilling
Neither are likely to gain much traction in the Senate.
September 12, 2019