U.S. Offshore
News
February 15, 2018
Oil refineries in the U.S. Gulf of Mexico are buying the most crude from the UK North Sea in more than seven years as they scramble to replace lost supplies from Venezuela.
News
February 09, 2018
Florida Petroleum Council Executive Director David Mica today pointed to Florida’s significant economic opportunity to safely and responsibly develop Florida’s offshore energy resources in advance of the Bureau of Ocean Energy Management public hearing on the Interior Department’s proposed five-year offshore natural gas and oil leasing plan.
News
February 09, 2018
The U.S. is poised to sell half of its emergency oil reserves to help pay its bills, something critics say defies the reason the stockpile was created decades ago as a hedge against supply disruptions.
News
February 07, 2018
If you’re pumping natural gas in the U.S., you’re probably missing out on Asia’s boom.
News
February 07, 2018
U.S. Secretary of State Rex Tillerson signaled the U.S. is closer to imposing sanctions on Venezuela’s oil sector, raising the pressure on President Nicolas Maduro as his talks with opposition leaders remained at an impasse.
News
February 07, 2018
The UAE, a model petro-state where crude exports feed a giant sovereign wealth fund, isn’t the most obvious customer for Texan oil.
News
February 06, 2018
The U.S. government sees nationwide oil production jumping above 11 MMbpd much quicker than anticipated.
News
February 05, 2018
If the U.S. bans oil imports from Venezuela, Valero Energy Corp. and Chevron Corp. may end up paying the price.
News
February 05, 2018
Otto Energy Limited has advised that the Ensco 68 drilling rig has been repositioned over the SM 71 F1 well and operations to complete the F1 as a producing well in the D5 Sand have begun. This marks the end of drilling operations which began in early December 2017.
News
February 02, 2018
Oilmen, wildcatters and particularly refiners are reaping billions in gains from President Donald Trump’s tax overhaul, helping boost the staying power of old-style energy even as the world searches for cleaner fuels.
News
January 31, 2018
Shell Offshore Inc. has announced one of its largest U.S. Gulf of Mexico exploration finds in the past decade from the Whale deepwater well. The well encountered more than 1,400 net ft (427 m) of oil bearing pay.
News
January 31, 2018
Total announces a major oil discovery in the Ballymore prospect, located deep offshore in the U.S. Gulf of Mexico (Eastern GoM).
News
January 30, 2018
When President Donald Trump gives his State of the Union address Tuesday night, he’ll surely tout the sweeping U.S. tax overhaul approved by Congress last month. For the country’s oil explorers, the law should mean an almost $200-billion boost in asset values, one consultant says.
News
January 29, 2018
Otto Energy Limited has advised that its OCS-G34266 #F3 well (F3) on South Marsh Island Block 71 (SM 71), was drilled to a final TD of 7,717 ft Measured Depth (MD) on Jan. 26, 2018.
News
January 26, 2018
A second tanker carrying Russian natural gas may be on the way to the U.S., following in the footsteps of a ship now sitting near Boston Harbor with a similar cargo.
News
January 24, 2018
Total has signed an agreement with Samson in order to acquire Samson Offshore Anchor, LLC, which holds a 12.5% interest in four blocks covering the Anchor discovery, one of the most significant recent discoveries in the Gulf of Mexico (GOM).
News
January 23, 2018
LLOG Exploration Company, LLC, has announced that development drilling operations have begun at the Buckskin project in the deepwater Gulf of Mexico.
News
January 23, 2018
Oil traded near $64/bbl in New York after briefly spiking, ahead of data that may show a record run of U.S. inventory declines.
News
January 22, 2018
Otto Energy Limited has advised that the OCS G-34266 #F-3 well (F3) on South Marsh Island Block 71 (SM 71), was drilled to a depth of 3,539 ft MD on Jan. 15, 2018, where 10 3/4-in. casing was set and cemented in place.
News
January 21, 2018
Despite Interior Secretary Ryan Zinke’s Jan. 9 declaration that Florida is "off the table" for offshore oil drilling, that activity is actually still on the table.
News
January 19, 2018
Crude edged lower amid predictions of a steep hike in U.S. crude output this year.
