Gulf Of Mexico News


King’s Quay Floating Production Unit Reaches Texas

Sep 22, 2021

China's Cosco Shipping has earlier this month delivered the King’s Quay floating production unit to Ingleside, Texas, aboard its M/V Xiang An Kou semi-submersible heavy transportation vessel, after a long journey from South Korea.The 21,498mt platform…

Oil Prices Rise on Big Decline in U.S. Crude Stocks after Two Hurricanes

Sep 22, 2021

Oil prices rose around 1% on Wednesday, extending overnight gains, after industry data showed U.S. crude stocks fell more than expected last week in the wake of two hurricanes, highlighting tight supply as demand improves.U.S. West Texas Intermediate (WTI) crude futures rose 75 cents…

Funds Rebuild Bullish Oil Position After Hurricane Outage in Gulf of Mexico

Sep 21, 2021

Hedge funds purchased crude after disruption to offshore production in the Gulf of Mexico lasted longer than expected, extending a drawdown of already-tight petroleum inventories.In the week to Sept. 14, hedge funds and other money managers…

U.S. Drillers Add Rigs for Second Week, Gulf Unchanged

Sep 20, 2021

U.S. energy firms this week added oil and natural gas rigs for a second week in a row although the number of offshore units in the Gulf of Mexico remained unchanged after Hurricane Ida slammed into the coast over two weeks ago.Fourteen offshore…

Some 28% of U.S. Gulf of Mexico Crude Output Offline

Sep 17, 2021

U.S. Gulf Coast crude oil exports are flowing again after recent hurricanes took out 26 million barrels of offshore production, according to sources and Refinitiv Eikon data, with local prices easing as more shipments moved out of the region…

US House Panel to Probe Oil Companies Over Climate Disinformation

Sep 16, 2021

U.S. Democratic lawmakers on Thursday asked the chiefs of four major fossil fuel companies and two lobbying groups to testify next month on whether the industry led an effort to mislead the public and prevent action to fight climate change.House…

Oil Holds Above $75 on Big U.S. Inventories Drop With Gulf Output Still Recovering from Ida

Sep 16, 2021

Oil held above $75 a barrel on Thursday, within sight of a multi-week high hit a day earlier, supported by a big drop in U.S. crude inventories and surging European natural gas prices.U.S. crude inventories fell by 6.4 million barrels last week…

Gulf Coast Oil Firms Return to Ida Recovery as Storm Nicholas Recedes

Sep 15, 2021

Energy companies worked to restore pipeline service and electricity after Tropical Storm Nicholas passed through on Tuesday, allowing them to return to repairing the significant damage caused by Hurricane Ida two weeks ago.Nicholas, downgraded to a tropical depression late Tuesday…

Helix Nets Multi-year Well Intervention Deal in U.S. Gulf of Mexico

Sep 14, 2021

Offshore oil and gas well services company Helix Energy Solutions said Monday it had won a multi-year riser-based well intervention scope of work with an unnamed major operator for the charter of the Helix Q5000 and 15K Intervention Riser System in the US Gulf of Mexico…

McDermott's Amazon Vessel to Install Pipelines at Shell's Whale Project

Sep 13, 2021

Offshore installation firm McDermott said Monday that its upgraded Amazon vessel was coming to the Gulf of Mexico to support a subsea contract for the Whale Development in Alaminos Canyon.Oil major Shell in July reached a final investment decision for its Whale deepwater field development…

Over Two-thirds of Offshore Oil Output Remains Shut in U.S. Gulf of Mexico

Sep 13, 2021

U.S. offshore oil companies restored almost 200,000 barrels of production on Friday, while most of the Gulf Coast crude output remained offline following Hurricane Ida, government data showed.The storm hit the U.S. Gulf of Mexico almost two weeks ago…

Gulf of Mexico: Offshore Rigs Start to Return after Ida -Baker Hughes

Sep 13, 2021

U.S. energy firms [last week] added oil and natural gas rigs for a fifth time in six weeks as offshore oil units in the Gulf of Mexico slowly started to return after Hurricane Ida slammed into the coast.[Last week], four offshore oil rigs returned in Louisiana…

Gulf of Mexico: Shell's Enchilada, Auger Platforms Back Online

Sep 13, 2021

Royal Dutch Shell Plc said its Enchilada/Salsa and Auger assets in the Gulf of Mexico were back online after they were shut due to Hurricane Ida.'Our Enchilada/Salsa and Auger assets are now back online,' Shell said in a statement late on Friday about the facilities southwest of New Orleans…

Louisiana Offshore Oil Port Fully Reopens After Ida Damages

Sep 10, 2021

The Louisiana Offshore Oil Port (LOOP), the largest U.S. privately owned deepwater crude terminal, has fully reopened its marine operations for imports and exports, a spokesperson said on Friday.The facility closed on Aug. 28 ahead of Hurricane Ida…

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