Gulf Of Mexico News


New Fortress Expects LNG from Mexico Altamira FLNG by Year-end

Nov 08, 2023

U.S. energy company New Fortress Energy NFE.N expects to produce the first liquefied natural gas (LNG) at its Altamira export plant in Mexico by the end of the year, it said on Wednesday.Atlamira will be Mexico's first LNG export plant.The company…

Expro Completes Well Cement Project in U.S. Gulf

Nov 07, 2023

Oilfield service provider Expro said Tuesday it had successfully completed a well cement placement project for an unnamed 'large international operator' in the U.S. Gulf of Mexico.Expro said it had delivered an inner-string cementing on a subsea…

Mexico's Pemex, New Fortress Energy Scrap Deepwater Gas Project - Sources

Nov 07, 2023

Mexican state energy company Pemex and U.S. liquefied natural gas (LNG) company New Fortress Energy NFE.O have terminated a deal to develop potentially the country's first deepwater natural gas project that was signed a year ago, two sources with direct knowledge of the matter said…

US Postpones Gulf of Mexico Oil and Gas Auction Due to Litigation

Nov 02, 2023

The Biden administration on Thursday postponed a Nov. 8 sale of offshore drilling rights in the Gulf of Mexico pending the outcome of a lawsuit over oil and gas development and federal protection of an endangered species of whale.The move comes after a U…

US Senator Schumer Urges FTC to Probe Exxon, Chevron Mega-deals

Nov 01, 2023

U.S. Senate Majority Leader Charles Schumer on Wednesday urged the U.S. Federal Trade Commission to consider possible anti-competitive harms stemming from recent multi-billion dollar acquisitions by oil and gas giants Exxon Mobil and Chevron Corp…

U.S. Appeals Court Blocks Gulf of Mexico Oil and Gas Sale Expansion, Pending Appeal

Oct 27, 2023

A U.S. appeals court on Thursday temporarily paused a federal judge's order last month that had required the Biden administration to expand a planned offshore oil and gas auction in the Gulf of Mexico by 6 million acres (2.4 million hectares)…

Seatrium Delivers Shell's Whale Floating Production Unit

Oct 19, 2023

Singapore's Seatrium said Thursday it had delivered the 2019-ordered Whale Floating Production Unit (FPU) to Shell for deployment at Whale deepwater field development in the U.S. Gulf of Mexico.According to Seatrium, which was known as Sembcorp Marine went the FPU was ordered…

Kosmos Energy Makes Oil Discovery Near Lucius SPAR in U.S. GoM

Oct 11, 2023

Oil and gas company Kosmos Energy has made an oil discovery at the Tiberius exploration well in the U.S. Gulf of Mexico near the Occidental-operated Lucius SPAR production facility.According to Kosmos, the Tiberius exploration well tested a four-way structural trap in the outboard Wilcox trend…

US Sets Date for Gulf of Mexico Lease Sale After Court Order

Oct 05, 2023

The Biden administration on Thursday said it would hold an auction of oil and gas leases in the Gulf of Mexico on Nov. 8 following a court order to expand the sale.In a statement, the U.S. Bureau of Ocean Energy Management said the sale would offer about 72…

BP Explores $1 Billion US Gulf of Mexico Pipeline Stake Sale - Sources

Oct 04, 2023

BP is exploring the sale of a 49% stake in its U.S. oil and gas pipeline network in the Gulf of Mexico, hoping to raise as much as $1 billion, according to people familiar with the matter.The potential divestment would help BP meet its targets to reduce debt and maintain its dividend…

Scana's Subseatec Nets 'Sizeable' Contract for US Gulf of Mexico Subsea Project

Oct 03, 2023

Scana-owned Subseatec has signed a 'sizeable' contract with an unnamed international energy company to deliver steel stress joints for a subsea development in the US Gulf of Mexico (GoM). Subseatec’s scope is a total delivery of steel stress joints in low-alloy steel…

CGG Releases Gulf of Mexico Carbon Storage Study

Oct 03, 2023

French seismic data specialist CGG has announced the delivery of the eastern phase of its GeoVerse Carbon Storage Gulf of Mexico Study and the start of the westward extension of the study. Both phases of the project, supported by industry funding…

Biden Angers All Sides with Scaled Back Offshore Oil Drilling Plan

Oct 02, 2023

The Biden administration's plan to slash offshore oil and gas leasing drew fire from both the fossil fuel industry and environmentalists on Friday, with energy companies saying it will raise fuel prices and greens saying it undermines efforts to stop global warming…

US Plans Sharp Reduction in Offshore Oil and Gas Lease Sales

Sep 29, 2023

The Biden administration on Friday unveiled a plan to phase down oil and gas auctions in federal waters with the release of a long-awaited leasing schedule that includes a maximum of three sales in the Gulf of Mexico through 2029.The Interior…

Mexican Billionaire Carlos Slim's Firm Acquires Stake in Zama Offshore Oil Field

Sep 28, 2023

U.S.-based oil and gas company Talos Energy has completed the sale of its 49.9% interest in Talos Mexico to Zamajal, a subsidiary of Grupo Carso, a company controlled by the family of the Mexican billionaire Carlos Slim.Talos Mexico, now owned 50…

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