Federal Waters
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.
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.
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.
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.
Deepwater , Legislation
House Passes Two Bills To Ban New Offshore Drilling
Neither are likely to gain much traction in the Senate.
International
Chinese Ship Inches Closer To Vietnam Coastline Amid South China Sea Tensions
A Chinese survey vessel on Saturday extended its activities to an area closer to Vietnam's coastline, ship tracking data showed, after the United States and Australia expressed concern about China's actions in the disputed waterways.
Deepwater , International
US Accuses China Of ‘Coercion’ Over Vietnam Offshore Oil
The U.S. has accused China of “coercion” of Vietnam as it seeks to exploit oil and gas in the South China Sea, siding with Hanoi and chastising Beijing in sharp terms over its decision to send Chinese ships to Vietnamese territorial waters.
Exploration & Production , Lease Sales
Offshore Operators Exercise Caution During Lease Sale 253
BHP Billiton Petroleum (Deepwater) Inc. had the highest bid of the day at $22.5 million for Green Canyon block 124.
Infrastructure
Iraq Says Eni, BP Deal Doesn't Mean Exxon Excluded From Southern Mega-Project
Iraq's oil ministry said on Aug. 10 it was still in talks with Exxon Mobil Corp. over a major deal to improve the country's southern oil infrastructure.
Liquefied Natural Gas (LNG) , Emissions , Technology
Chevron Starts Burying CO2 Off Australia At Huge Gorgon Storage Project
Chevron Corp. said on Aug. 8 it has launched one of the world's largest carbon capture and storage projects, injecting CO2 into a deep reservoir under an island off Western Australia at its Gorgon LNG project.