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Oct 23 (Reuters) – BP (BP.L) and the US state of Louisiana on Friday agreed to resolve two long-running disputes tied to the 2010 Deepwater Horizon oil spill, including a single early payment of about $350 million and the settlement of remaining coastal zone lawsuits involving the company. Reporting by Ankita Bora in Bengaluru; Editing …
BP, Louisiana Agree to Resolve Deepwater Horizon Disputes Read More »
(Reuters) – US producers in the Gulf of Mexico shut in about 71.51% of the current daily oil production and 58.84% of the current daily natural gas production ahead of Hurricane Isaias, according to the Marine Minerals Administration. Personnel have been evacuated from 129 production platforms, representing 34.8% of the 371 staffed platforms in the …
About 71.5% of US Gulf Oil Production Shut in Ahead of Hurricane Isaias Read More »
(Reuters) – US Gulf of Mexico oil and gas producers have shut in about 62.89% of current oil production and 57.35% of current natural gas production as of Thursday, according to the Marine Minerals Administration, as operators continued to respond to Hurricane Isaias. The agency said personnel had been evacuated from 121 production platforms, representing …
About 63% of US Gulf Oil Production Shut in Ahead of Isaias, US Agency Says Read More »
(Reuters) – US Gulf of Mexico oil and gas producers had shut in about 25.08% of current oil production and 16.37% of current natural gas production as of Wednesday, as operators responded to Tropical Storm Isaias, according to the Marine Minerals Administration. The regulator said personnel had been evacuated from eight production platforms, representing 2.16% …
About 25% of Gulf of Mexico Oil Output Shut in Due to Isaias, US Agency Says Read More »
(Reuters) – Brazilian state-run oil company Petrobras said on Friday it had made a new oil discovery in ultra-deep waters off Amapa state, an area known as equatorial margin that it considers its most promising new oil frontier. According to a securities filing, an oil-bearing interval was found in the Morpho well, marking a new …
Brazil’s Petrobras Makes New Oil Discovery Off the Coast of Amapa Read More »
(Reuters) – The latest Trump administration sale of oil and gas drilling rights in the Gulf of Mexico attracted nearly $82.7 million in high bids on Wednesday, generating more money than a sale in March, but far less than one held in December. The Trump administration offered more than 80 million acres (32.4 million hectares) …
US Gulf of Mexico Oil and Gas Lease Sale Attracts $82.7 Million in High Bids Read More »
By Mark Chediak and Ari Natter The Trump administration has agreed to roughly $4 billion in settlements this year to cancel planned offshore wind projects, including a $1.22 billion deal with German utility RWE AG announced Thursday, with billions more in projects still at risk. In addition to RWE, the Trump administration has reached agreements …
Trump Refunds to Cancel Offshore Wind Projects Total $4 Billion Read More »
(Reuters) – Chevron is shutting-in production at its Petronius facility in the U.S. Gulf of Mexico, and all associated personnel are being moved onshore in preparation for Tropical Depression Two, the company said in a statement on Monday. The U.S. oil major also said it is transporting nonessential personnel from its Tubular Bells and Blind …
Chevron Shuts in US Gulf Platform in Preparation for Developing Tropical Storm Read More »
OSLO, July 2 (Reuters) – Norway’s unions representing workers on drilling rigs and floating production platforms reached a wage deal on Thursday evening, ahead of a midnight deadline to avert a strike, labour unions and the employers’ association said. The unions had threatened to call out more than 600 members employed on Transocean’s Encourage rig, …
Norway’s Unions Agree Wage Deal to Avert Strike at Offshore Installations Read More »
By API – American Petroleum Institute As America approaches its 250th anniversary, instability in the Middle East is a reminder of one of our country’s greatest modern achievements: we changed our energy destiny. A generation ago, global disruptions exposed America’s dependence on foreign energy. Today, the United States is the world’s leading producer of oil …
AMERICAN ENERGY SNAPSHOT: Why Offshore Matters for America’s Next 250 Years Read More »
