The US government’s Atlantic Wind Lease Sale 6 for 79,350 acres offshore New York was held this week, with Norway’s Statoil being declared the provisional winner. Atlantic Wind Lease Sale 6 map…
US deepwater player Anadarko has completed a deal to buy Freeport-McMoRan Oil & Gas deepwater Gulf of Mexico assets and announced two new Gulf of Mexico finds: Warrior and Phobos. Anadarko said the two finds highlighted the value of its…
Stone Energy and its domestic subsidiaries have filed voluntary petitions under chapter 11 of title 11 of the US code, the bankruptcy code, in the US Bankruptcy Court for the Southern District of Texas to pursue a pre-packaged plan of reorganization…
President-elect Donald Trump has nominated Montana Congressman Ryan Zinke as the next US Secretary of the Department of the Interior (DOI), in which he will oversee the regulatory bodies the US Bureau of Ocean Energy Management (BOEM) and the Bureau of Safety and Environmental Enforcement (BSEE)…
Following news that ExxonMobil chairman and CEO Rex Tillerson has been nominated by US President-elect Donald Trump to lead the US State Department, ExxonMobil has announced that Tillerson will step down and Darren Woods will succeed Tillerson in both positions…
California's governor Jerry Brown has urged US President Barack Obama to permanently withdraw waters off his state from new offshore oil and gas leasing and 'guarantee that future oil and gas drilling' is prohibited. Brown had sucessfully…
As OE takes a look back on the year that was 2016, our website's most popular stories pretty much tell everything you need to know. It has been a depressing year for the industry with too many job cut announcements, rigs and vessel stacked (or sold)…
US President-elect Donald Trump has picked ExxonMobil CEO Rex Tillerson to be his nominee for Secretary of State and former Texas Governor Rick Perry to be his Secretary of Energy, it was announced today (13 December). Trump praised Tillerson via Twitter…
In this video, McDermott International shows a behind the scene video of what it took for its team to prepare for the launch of the 7000 million-tonne Ayatsil C jacket for Pemex in the Bay of Campeche.
First gas from the Hummer development offshore Louisiana is expected in mid-2017, says partner Petsec Energy. The firm, which holds 12.5% interest in Hummer, said a production test on Main Pass Block 270 #3 BP 01 discovery well (initially…
The first offshore wind farm to deliver energy to the American power grid is now operational, owner Deepwater Wind said this week. The turbines have now completed commissioning and testing and started commercial operations. Energy produced…
A new study by Wood Mackenzie on what to expect from global oil and gas exploration in the year ahead, Global Exploration: What to look for in 2017, shows that exploration should return to profitability in 2017, after five years of only single-digit returns…
The new Baker Hughes is expected to generate a revenue of some US$34 billion, have approximately 70,000 employees, and operate in more than 120 companies, according to GE Oil & Gas CEO Lorenzo Simonelli. Image of Simonelli…
Zilift, a developer of permanent magnet technologies for innovative artificial lift applications for the energy sector, has successfully achieved the installation, operation and retrieval of a slim-line cable deployed electrical submersible pump (ESP)…
More than 70% of Chevron's US$19.8 billion 2017 planned upstream investment will generate production within two years, the firm said yesterday. Chevron says it is targeting shorter-cycle, high-return investments with its 2017 capital budget…
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