U.S. Offshore
News
November 02, 2023
Lease Sale 261 is the final offshore lease sale mandated by the Inflation Reduction Act and is the only offshore sale scheduled to take place until 2025.
News
November 02, 2023
Proserv and Trendsetter Engineering have engaged their respective expertise to successfully deliver their unique high integrity pressure protection system (HIPPS) to accelerate initial production at Woodside Energy’s Shenzi extension multiple months ahead of targeted first oil in Q1 2024.
News
November 02, 2023
The associations highlighted the Biden administration’s repeated attempts to restrict energy production in the U.S. Gulf of Mexico, including issuing an unlawful moratorium on oil and gas lease sales.
News
October 31, 2023
U.S. crude oil production jumped to a record high of 13.05 MMbpd in August, the U.S. Energy Information Administration said Tuesday in a monthly report.
News
October 27, 2023
“Shrinking or further delaying Lease Sale 261 threatens both our energy security and climate goals and could make us more dependent on dirty foreign oil and gas,” Manchin, a West Virginia Democrat, said following the ruling by the Fifth Circuit Court of Appeals in Louisiana.
News
October 26, 2023
The Fifth Circuit stayed an earlier injunction that had required the Interior Department to hold the lease sale by Nov. 8, including some 6 million acres it had previously pulled off the auction block.
News
October 26, 2023
With the ability to access critical data through OBN technology, clients can optimize their reservoir management, streamline decision-making and enhance their overall operational efficiency.
News
October 19, 2023
The completed Whale FPU, which comprises a topside module and a four-column semisubmersible floating hull (of over 22,000 tonnes), delivered on-time and within budget.
News
October 18, 2023
The Commission’s plugging program works aggressively to protect the environment and communities around the state, as evidenced by the fact that the agency has exceeded well plugging targets set by the legislature for seven straight years.
News
October 17, 2023
Florida Governor Ron DeSantis and former U.S. Ambassador to the United Nations Nikki Haley were the biggest beneficiaries of donations from oil and gas representatives in the third quarter, according to a Bloomberg review of new campaign finance disclosures filed with the Federal Election Commission.
News
October 16, 2023
As shale growth slows, deepwater drilling is enjoying a renaissance, with more than $500 billion in global offshore investments expected through 2025.
News
October 13, 2023
The zealous proposal by the National Marine Fisheries Service may lead to major limitations when transporting oil and gas products, which in turn would have an alarming and negative effect on the economy of Texas.
News
October 11, 2023
The Tiberius exploration well tested a four-way structural trap in the outboard Wilcox trend, located in Keathley Canyon Block 964. The well encountered approximately 250 ft (~75 m) of net oil pay in the primary Wilcox target.
News
October 06, 2023
The study, conducted by EIAP, finds that recently proposed restrictions on oil and natural gas vessels operating in the Gulf of Mexico would have a major impact on jobs, industry investment, government revenue and oil and natural gas production in the region, to a nearly one-quarter decline – which is more than 500,000 boed – in energy production in the Gulf of Mexico by 2040, even as demand continues to rise.
News
October 05, 2023
Lease Sale 261 will offer approximately 13,618 blocks on 72.7 million acres on the U.S. Outer Continental Shelf in the Western, Central, and Eastern Planning Areas in the Gulf of Mexico.
News
October 04, 2023
With as many as 10 deepwater rigs forecast to go back to work throughout the oil industry by the end of next year, Noble’s Chief Executive Officer Robert Eifler said he sees Brazil and West Africa leading the world in growth as activity in the U.S. Gulf holds flat.
Article
September 2023
OPEC’s 1-MMbopd production cut, coupled with increased global demand, pushed crude prices to a nine-month high in September. Yet, U.S. operators have shown restraint, and according to World Oil’s mid-year forecast, this trend will continue, as activity is projected to decline slightly during second-half 2023.
News
September 29, 2023
The legislation guarantees access to oil and gas resources both on and offshore and ensures that the rights to domestic resource development are kept from being interrupted or administratively slowed down.
News
September 29, 2023
"As a result of this administration’s actions, energy production will move elsewhere, costing the United States jobs and harming our energy security," said Christopher Guith, Senior Vice President of the U.S. Chamber’s Global Energy Institute.
News
September 29, 2023
“At a time when inflation runs rampant across the country, the Biden administration is choosing failed energy policies that are adding to the pain Americans are feeling at the pump," American Petroleum Institute CEO Mike Sommers said.
News
September 29, 2023
The leasing program charts sales of Gulf of Mexico oil and gas leases in 2025, 2027 and 2029 — the fewest-ever since the government started planning the auctions in five-year blocks.
