Gulf Of Mexico News

 

Talos Energy Looking to Buy Offshore Fields from Oil Majors

May 25, 2022

Offshore oil and gas producer Talos Energy on Tuesday said it was interested in scooping up new production, particularly as major oil companies shed assets in a bid to decarbonize.'We're a natural consolidator, particularly when you think about the Gulf of Mexico,' Chief Executive Officer Tim Duncan said on Tuesday during an analyst day.Formed just a decade ago, Talos has become one of the largest…

Chevron Enters U.S. Gulf of Mexico CCS JV

May 24, 2022

Oil major Chevron has closed the transaction to enter a U.S. Gulf of Mexico carbon capture and storage joint venture with Talos Energy and Carbonvert.The companies on Tuesday announced the execution of definitive documentation and closing of…

U.S. Preparing New Five-year Plan for Offshore Oil and Gas Auctions

May 20, 2022

The Biden administration will propose a new five-year plan for offshore oil and gas development by June 30, the date when the current plan expires, Interior Secretary Deb Haaland said on Thursday.The announcement comes as the administration…

Worley Bags Three-year Offshore Services Deal with Shell in U.S.

May 18, 2022

Offshore engineering company Worley has won a three-year engineering and procurement (EP) services contract with Shell in the U.S. to support five of its assets in the Gulf of Mexico.'The contract will support Shell’s transition to a digitized…

Talos Energy Pauses Mexico Oil Arbitration Bid Amid High-level Talks - Reuters

May 18, 2022

U.S.-based oil producer Talos Energy has temporarily suspended pursuit of an arbitration claim against Mexico amid high-level talks over one of the country's flagship offshore projects, five people close to the matter said.The dispute erupted…

Helix Energy Solutions to Buy Alliance Companies to Boost Presence in Gulf of Mexico Decommissioning Space

May 17, 2022

U.S.-based offshore oil and gas services firm  Helix Energy Solutions Group is set to buy equity interests of Louisiana-baed Alliance group of companies for $120 million cash at closing, plus the potential for post-closing earnout consideration…

Chevron Sanctions $1.6B Ballymore Deepwater Project in U.S. Gulf of Mexico

May 17, 2022

U.S. oil major Chevron has sanctioned the Ballymore oil field development in the deepwater U.S. Gulf of Mexico. The project, with a design capacity of 75,000 barrels of crude oil per day,  will be developed as a three-mile subsea tieback to the existing Chevron-operated Blind Faith platform…

NOIA: U.S. Gov't Move Against Offshore Oil & Gas Lease Sales 'Devastating to Americans'

May 13, 2022

Erik Milito, president of the U.S. National Ocean Industries Association, said this week that the U.S. government's decision not to hold offshore oil and gas lease sales in the Gulf of Mexico and Alaska’s Cook Inlet was expected, but also 'devastating to Americans…

U.S. Scraps Three Offshore Oil and Gas Lease Sales

May 13, 2022

The Biden administration on Wednesday said it would scrap three planned sales of offshore oil and gas leases in Alaska and the Gulf of Mexico.In a statement, the Department of Interior said it was not moving forward with an auction for drilling…

U.S. Energy Department to Commit $2.25B to Carbon Storage Program

May 05, 2022

The U.S. Department of Energy intends to commit $2.25 billion for projects to store carbon dioxide underground and help fight climate change, it said on Thursday.The funding for carbon storage validation and testing over the next five years…

Petrofac Wins $200M Offshore Decommissioning Contract in U.S. Gulf of Mexico

May 05, 2022

Oilfield services giant Petrofac has formed an alliance with decommissioning firm Promethean Decommissioning Company (PDC) to decommission the South Pass 60, South Pass 6, and East Breaks 165 offshore fields, in the U.S. Gulf of Mexico.According to Petrofac…

LLOG to Develop Two Deepwater GoM Discoveries Using Refurbished Offshore Platform

May 04, 2022

U.S. Gulf of Mexico-focused oil and gas company LLOG on Wednesday announced the planned development of the Salamanca floating production facility to be used to develop two offshore discoveries in the U.S. Gulf of Mexico.The company said that…

Pipeline Operator Genesis Energy to Increase Deepwater Gulf of Mexico Footprint

May 04, 2022

Genesis Energy will increase its footprint in the deepwater Gulf of Mexico with expansion of an existing pipeline system and construction of a new line, it said in its first-quarter earnings report on Wednesday.Genesis will spend about $500…

U.S. Supreme Court to Rule on Whether Offshore Rig Worker is Entitled to Overtime Pay

May 03, 2022

The U.S. Supreme Court on Monday agreed to decide whether a supervisor of offshore oil rig workers is entitled to overtime pay under federal law even though he earns more than $200,000 a year, with potentially costly implications for the oil and gas industry and other employers…

Chevron to Buy Into U.S. Gulf of Mexico Carbon Capture & Storage Joint Venture

May 03, 2022

U.S. oil companies Chevron and Talos and carbon capture & storage project development & finance company Carbonvert have signed a memorandum of understanding (“MOU”) for an expanded joint venture to develop the Bayou Bend CCS offshore carbon…

Current News

UAE Interested in Turkish Energy Investments

UAE Interested in Turkish Energy Investments

Norway's Hammerfest LNG Plant Resumes Operation After 20-month Outage

Norway's Hammerfest LNG Plant Resumes Operation After 20-month Outage

UK North Sea Oil Producers See Shares Drop after Windfall Tax News

UK North Sea Oil Producers See Shares Drop after Windfall Tax News

Trident Energy Wraps Subsea Work in Brazil to Boost Pampo Field Output

Trident Energy Wraps Subsea Work in Brazil to Boost Pampo Field Output

Subscribe for OE Digital E‑News

Offshore Engineer Magazine