Offshore – Page 3 – Oil & Gas 360

BREAKING NEWS: FTC to greenlight Chevron’s $53 billion Hess acquisition amid ExxonMobil arbitration

September 24, 2024

(World Oil) – The U.S. Federal Trade Commission is expected to greenlight Chevron Corp.’s $53 billion deal to buy Hess Corp., according to Reuters. The FTC could announce the decision as soon as this week, Reuters reported, citing people familiar with the matter. Chevron would still need to win an arbitration case filed by Exxon Mobil Corp. in order to close

Oil firms evacuating US Gulf of Mexico staff as major hurricane looms

September 24, 2024

(BOE Report) – U.S. oil producers were scrambling on Monday to evacuate staff from Gulf of Mexico oil production platforms as the second major hurricane in two weeks was predicted to tear through offshore oil producing fields. The U.S. National Hurricane Center said a potential Tropical Cyclone in the Caribbean was expected to rapidly intensify over the gulf’s warm waters

Petrobras, Ecopetrol ordered to halt drilling natural gas well offshore Colombia

September 16, 2024

World Oil (Bloomberg) – A Colombian judge ordered Ecopetrol SA and Petroleo Brasileiro SA to halt the drilling of an offshore gas well in the nation’s Caribbean waters after an Indigenous community sought legal protection. The community in the area of Taganga, near the city of Santa Marta, claimed their consent should have been requested before the companies were allowed

Industry appeals Gulf Court ruling, citing risks to U.S. energy security

September 13, 2024

World Oil (WO) — The American Petroleum Institute (API), EnerGeo Alliance, the National Ocean Industries Association (NOIA), and Chevron U.S.A. Inc. have appealed a recent court ruling that invalidated the National Marine Fisheries Service’s (NMFS) Biological Opinion for the Gulf of Mexico. The decision, effective Dec. 20, could halt both new and ongoing oil and gas operations in the region.

Exxon, Shell refineries resume Gulf Coast operation

September 13, 2024

Oil Price Refineries that had to dial down operations ahead of Hurricane Francine’s landfall are starting to reopen, with significant damages unlikely, according to a Reuters report. Exxon, which had cut operation rates at its Baton Rouge refinery to just a fifth of capacity, had now brought the refinery back online. “Our Baton Rouge area facilities are operating as normal. We

American energy security, oil and gas production in jeopardy following Gulf of Mexico court ruling, API warns

September 10, 2024

World Oil (WO) – The American Petroleum Institute is raising concerns over the recent decision by the U.S. District Court for the District of Maryland to vacate the National Marine Fisheries Services’ (NMFS) Biological Opinion in the Gulf of Mexico. In a letter from President and CEO Mike Sommers to Secretary of Commerce Gina Raimondo, Sommers highlighted how the lack

2 MMbpd from Gulf of Mexico under threat from U.S. government’s environmental impasse

September 9, 2024

World Oil (Bloomberg) – A fight over Gulf of Mexico oil production is looming in Washington as U.S. regulators race to redo guidance on how to protect endangered species ahead of a deadline that could ultimately threaten about 15% of the nation’s crude output. The standoff stems from a scientific assessment that underpins oil and gas operations in the Gulf.

Exclusive: Drilling Tools International at EnerCom Denver-The Energy Investment Conference 2024

September 6, 2024

Oil and Gas 360 Publisher’s Note: You can view the EnerCom Denver—The Energy Investment Conference and the Energy Transition and Emerging Technologies Series presenter replays for a limited time. Since 1984, Drilling Tools International has been a leading provider of downhole tools to the land and offshore drilling markets. We now offer products and services to multiple segments in drilling,

Noble Corporation hits $6.7 billion in backlog on Diamond Offshore Drilling acquisition closure

September 6, 2024

World Oil (WO) – Noble Corporation plc announced the completion of its acquisition of Diamond Offshore Drilling, Inc (“Diamond”). This transaction enhances Noble’s position as a leading offshore driller, creating the largest fleet of 7th generation dual-BOP drillships in the industry, and adding approximately $2 billion of backlog. Following completion of the acquisition of Diamond, the Company’s board of directors

Talos Energy announces new discovery and adds additional 2024 prospect in the Gulf of Mexico

September 5, 2024

Oil and Gas 360 HOUSTON, Sept. 5, 2024 /PRNewswire/ — Talos Energy Inc. (“Talos”) (NYSE: TALO) today announced that its Ewing Bank 953 well (“EW 953 well”) successfully discovered commercial quantities of oil and natural gas. Separately, Talos entered into an agreement to participate in the Sebastian prospect, currently drilling in the Mississippi Canyon Block 387 of the U.S. Gulf of Mexico.

Exclusive: W & T Offshore at EnerCom Denver-The Energy Investment Conference 2024

September 4, 2024

Oil and Gas 360 Publisher’s Note: You can view the EnerCom Denver—The Energy Investment Conference and the Energy Transition and Emerging Technologies Series presenter replays for a limited time. W&T Offshore, Inc. is active in the acquisition, exploration and development of oil and natural gas properties in the Gulf of Mexico, the second-largest producing basin in the U.S. The Gulf

Guyana raises growth estimates to 43% as offshore oil and gas production surges

September 3, 2024

World Oil (Bloomberg) – President Irfaan Ali raised estimates for Guyana’s yearly growth to 42.8% from a prior 34.8%, as he projects “ramped up” investments from the public and private sectors. The nation’s economy grew by 49.7% in the first half of 2024, with the oil sector accounting for 67% of that growth, Ali said Saturday on a live webcast.

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