U.S. Offshore

News
August 01, 2022
Democrats’ plan to reinstate a 27-year-old fee on oil imports represents a violation of a pledge by President Joe Biden not to raise taxes on anyone making less than $400,000 per year, according to Americans for Tax Reform.
News
July 26, 2022
Schlumberger announced an award to OneSubsea and its alliance partner, Subsea 7, by Kosmos Energy Gulf of Mexico Operations, for an engineering, procurement, construction and installation contract for the Odd Job field in the Gulf of Mexico.
News
July 22, 2022
As the White House and Congress weigh policy levers to provide relief to consumers from rising gas prices, a proposed ban on petroleum exports has become part of the discussion. A new study indicates that could lead to U.S. gross domestic product falling more than $44 billion in 2023 and more than 110,000 jobs would be lost by the end of 2023.
News
July 20, 2022
NOIA President Erik Milito said restoring U.S. energy security must include the resumption of domestic offshore oil and gas leasing, which did not happen with Biden’s Wednesday announcement of Executive Actions on Climate to Address Extreme Heat and Boost Offshore Wind.
News
July 19, 2022
The potential emergency order that Biden is mulling would unlock broad executive powers to propel clean-energy construction, restrict oil drilling and curb fossil fuel use.
News
July 14, 2022
As President Biden prepares to meet with Saudi officials on Friday, the American Petroleum Institute released a video once again inviting the president to visit American energy sites and support American producers.
News
June 24, 2022
The organizations - who represent more than 11 million American skilled workers keeping the lights on and fuels flowing - encouraged the administration to recognize domestic energy resources as a strategic asset for U.S. national and economic security.
Article
June 2022
While the upstream market looks its best in three years, governmental interference continues to cause headaches. Herewith, we offer two examples from opposite sides of “the pond”—the U.S. and the UK.
News
June 23, 2022
Research shows companies with a higher percentage of women in executive positions have a 34% higher total return to shareholders than those that do not and companies with ethnic diversity on their executive team are 25% more likely to have above average profitability and 27% likelihood of outperforming peers in value creation.
News
June 13, 2022
Kent, an integrated energy services company, says it had a positive start to 2022 with some strategic project wins across the globe adding a total of over $550 million to the company’s backlog.
News
June 06, 2022
TDI-Brooks has completed six geotechnical coring programs in the Gulf of Mexico for numerous operators from its research vessel the RV Gyre, the company announced on Monday.
News
May 19, 2022
National Ocean Industries Association President Erik Milito said Interior has had 16 months to fulfill its statutory obligation to develop and maintain an offshore oil and gas leasing program and it has failed.
News
May 13, 2022
Located 20 nautical miles (37 km) from the coast, the lease covers a 120 square nautical miles area (222 sq km) that will generate a capacity of more than 1 GW, enough to provide power to more than 300,000 homes.
News
May 12, 2022
The Interior Department said it “will not move forward” with two Gulf lease auctions that were planned under former President Barack Obama “as a result of delays due to factors including conflicting court rulings."
News
May 11, 2022
Energy Workforce & Technology Council honored Congressman Kevin Brady (R-TX-08) with the "Champion of American Energy" award during a lunch in Washington, D.C., for his relentless and uncompromising commitment to the oilfield services industry and the domestic energy sector.
News
May 05, 2022
Wednesday, the Senate approved language calling for Senate negotiators to support the issuance of a new Five Year Program for offshore oil and gas leasing as soon as possible and that the new program should include at least two area-wide lease sales per year.
News
May 03, 2022
Major operator bp expects its properties in the U.S. Gulf of Mexico to remain a key part of its portfolio over the next decade, even as other upstream operations are discarded in the transition to alternative energy forms.
News
May 02, 2022
A new wave of oil platforms is sweeping into the U.S. Gulf of Mexico as crude prices are riding historic levels and demand for barrels is higher than ever.
Article
April 2022
Skyrocketing oil prices caused by Russia’s war on Ukraine and Biden’s war on hydrocarbons present the Gulf of Mexico E&P industry with a conflicting brew of circumstances.
News
April 12, 2022
Murphy Oil Corp. has begun producing oil from a new deepwater Gulf of Mexico project, months ahead of schedule.
News
April 08, 2022
The difference in business models of shale wells and offshore projects explains why it’s so difficult for oil giants such as Shell to quickly ramp up production when geopolitical disruptions like Russia’s war in Ukraine upend markets.
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