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


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


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