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U.S. Judge Scraps GOM Lease Sale Due To Climate Impact

U.S. Judge Scraps GOM Lease Sale Due To Climate Impact
Friday January 28, 2022 - A federal judge invalidated the results of Gulf Of Mexico oil and gas Lease Sale 257 which offered up more than 80 million acres.
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Industry Headlines

Oil Hit Sixth Weekly Gain Amid Tight Supply Share your comments
Friday, January 28, 2022Oil posted its sixth straight weekly gain, with prices trading near a seven-year high as crude makes a roaring start to 2022.

Gas Sees Biggest 1-Day Price Increase Since 1990 Share your comments
Friday, January 28, 2022Rigzone's regular market watchers look at a notable gas price increase, new oil price highs, rising geopolitical temperatures and more.

U.S. Judge Scraps GOM Lease Sale Due To Climate Impact Share your comments
Friday, January 28, 2022A federal judge invalidated the results of Gulf Of Mexico oil and gas Lease Sale 257 which offered up more than 80 million acres.

Petronas Launches Malaysia Bid Round 2022 Share your comments
Friday, January 28, 2022Petronas has launched its MBR 2022 bid round offering some 21 bboe to over 1,300 potential and existing investors.

Oil Markets Enjoy Degree of Inflation Immunity Share your comments
Friday, January 28, 2022Benchmarks rose despite the U.S. Federal Reserve's announcement that an interest rate hike will come in March.

James Fisher Launches Decommissioning Firm Share your comments
Friday, January 28, 2022James Fisher has launched a new business line – James Fisher Decommissioning (JF Decom).

Oil Down as Equities Fluctuate and US Dollar Soars Share your comments
Thursday, January 27, 2022Oil fell from a fresh seven-year high as equities wavered and the dollar’s strength weighed on the commodity.

Diesel Market Looks at Risk of Price Spikes Share your comments
Thursday, January 27, 2022The market is vulnerable to price spikes.


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Most Popular Articles

Exploration

KUFPEC Makes First Operated Offshore Discovery Share your comments
Tuesday, January 25, 2022Anambas-2X was drilled in 288 feet of water.

Frontera Discovers Hydrocarbons in Ecuador Share your comments
Thursday, January 20, 2022Jandaya-1 was spud on December 7, 2021.

Frontier Exploration Drilling In 2021 Hits Lowest Point Ever Recorded Share your comments
Thursday, January 20, 2022Westwood Global Energy has found that frontier exploration drilling dropped to the lowest level ever recorded by the company.

Successful GOM Drilling Enables Low-Cost Development Share your comments
Tuesday, January 18, 2022Beacon Offshore has completed the drilling of the Winterfell-2 appraisal well located in the Green Canyon area of the Gulf of Mexico.

COPL Makes Significant Wyoming Oil Find Share your comments
Friday, January 14, 2022Conventional light oil discoveries of this magnitude have been rare in continental North America.

Eni Gets Five New Exploration Licenses In Egypt Share your comments
Wednesday, January 12, 2022Eni has been awarded five new exploration licenses by the Egyptian Ministry of Petroleum.


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Production

Exploration Co Drills 3 Wells Close to Henry Hub Terminal Share your comments
Friday, January 28, 2022The three wells will be batch drilled from the same surface pad site.

OPEC+ Delegates Expect to Stick to Plan Share your comments
Wednesday, January 26, 2022The revival of production halted during the pandemic has started to run into capacity constraints.

Russia Struggles to Lift Oil Output Share your comments
Tuesday, January 25, 2022Russia is among OPEC+ nations that have struggled to bring back oil production.

Russia Seen Struggling to Keep Up With OPEC+ Hikes Share your comments
Tuesday, January 18, 2022Russia may be able to deliver only about half of its scheduled increases in crude production over the next six months.

Libya Says Oil Production Back to 1.2MM Barrels Share your comments
Monday, January 17, 2022Libya's oil production has picked up again.

Neptune Brings German Gas Well Online Share your comments
Monday, January 17, 2022'The Adorf Carboniferous field is one of the most exciting discoveries in Germany in recent years'.

Enauta Shuts Down Atlanta Field For Repairs – Again Share your comments
Friday, January 14, 2022Enauta has once again stopped production from the Atlanta field, this time for inspection and repair following a pipeline issue.


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Finance and Investing

Canada Oil Sands Stocks Surge Share your comments
Friday, January 28, 2022Canada's oil companies are outperforming their energy-producing peers.

Chevron Profit Falls Short of Forecasts Share your comments
Friday, January 28, 2022Analysts had expected bigger things from Chevron.

U.S. DOE awards $25M To Wave Power Research Projects Share your comments
Friday, January 28, 2022The U.S. Department of Energy (DOE) will provide $25M in funding to support increased research and development of wave energy technologies.

Chevron Stock Hits Record Share your comments
Thursday, January 27, 2022Chevron Corp. surged to a record Thursday morning.

EU To Fund Northern Lights CCS Project Expansion Share your comments
Thursday, January 27, 2022Northern Lights is set to receive around $4.5 million from the EU under the Connecting Europe Facility funding scheme.

Adnoc May Aim for $5B of Bonds This Year Share your comments
Wednesday, January 26, 2022Adnoc has about $20 billion of debt, including roughly $5 billion maturing this year, according to data compiled by Bloomberg.

Hess Increases Budget With Most Going To Guyana And Bakken Share your comments
Wednesday, January 26, 2022Hess Corporation has stated that its 2022 Exploration & Production budget of $2.6 billion will mostly be allocated to Guyana and the Bakken.


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Company Operations

Petrofac COO Joins OGUK Board Share your comments
Friday, January 28, 2022The appointment comes as OGUK focuses on accelerating the industry's efforts to deliver low carbon energy to the UK.

Hunting Makes Inroads Into The UK Geothermal Space Share your comments
Friday, January 28, 2022Hunting Energy Services has entered the UK geothermal market with the Eden project, setting its sight to further expansion in Europe.

Shell Starts Up 20MW Hydrogen Electrolyzer In China Share your comments
Friday, January 28, 2022Shell has started operations at the 20 MW power-to-hydrogen electrolyzer in Zhangjiakou – one of the largest such facilities in the world.

Subsea 7 Secures Substantial Gulf of Mexico Deal Share your comments
Thursday, January 27, 2022Subsea 7 defines a 'substantial' project as being worth between $150 million and $300 million.

Schlumberger Sees Payment Delays in Mexico Share your comments
Thursday, January 27, 2022In 2020, Mexico was home to Schlumberger's biggest source of work awaiting payment.

Neptune Increases North Sea Field Production Through Tiebacks Share your comments
Thursday, January 27, 2022Neptune Energy has increased production from its Gjøa platform by two million barrels of oil equivalents from 2020 to 2021.

Var Energi Targets Tighter Supplier Cooperation Share your comments
Thursday, January 27, 2022Var Energi eyes more sustainable oil and gas production by streamlining supplier cooperation.


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