Gulf of Mexico News


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Aker BP Hands Out $80MM+ in FEED Deals Share your comments
Thursday, September 16, 2021Aker BP has awarded front end engineering design contracts worth nearly $81.6 million to its alliance partners.

Chevron CEO Warns of High Energy Prices Share your comments
Thursday, September 16, 2021The world is facing high energy prices for the foreseeable future as oil and natural gas producers resist the urge to drill again, according to Chevron Corp.'s top executive.

Warwick Buys $450MM of Texas Shale Assets Share your comments
Thursday, September 16, 2021One of the biggest U.S. investors in oil and natural gas wells is buying $450 million worth of assets in the Texas Eagle Ford shale basin from a renowned energy family in Dallas.

First Exploration Well for North Sea Company Drilled Share your comments
Thursday, September 16, 2021Longboat Energy has announced that drilling has commenced at Rodhette, the company's first exploration well.

Al Hariga Oil Port Sit-in Ends Share your comments
Thursday, September 16, 2021Libya's National Oil Corporation (NOC) has announced the resumption of crude export operations at the Al Hariga oil port.

Dragon LNG Deploys New Drug Testing Tech Share your comments
Wednesday, September 15, 2021Wales-based Dragon LNG is the first organization in the international gas industry to deploy a new fingerprint-based drug testing technology, a statement posted on the test provider's website has announced.

Oil Up as API Report Shows Inventory Slump Share your comments
Wednesday, September 15, 2021Oil gained after a U.S. industry report showed another decline in inventories of crude and gasoline, signaling a tightening market.

China Move to Curb Oil Prices Has Market Wary Share your comments
Wednesday, September 15, 2021China's first auction of oil from its strategic reserves looks relatively paltry, but the possibility of further releases is still likely to exert a powerful influence on global crude prices.

BP Appoints New EVP of Gas and Low Carbon Energy Share your comments
Wednesday, September 15, 2021BP (NYSE: BP) has announced the appointment of Anja-Isabel Dotzenrath as its new executive vice president of gas and low carbon energy and a member of BP's leadership team.

Halliburton Selected for Offshore Israel Campaign Share your comments
Wednesday, September 15, 2021Halliburton Company (NYSE: HAL) has been awarded an integrated services contract to execute a three to five well drilling and completions campaign for Energean.

TRC Makes It a Little Harder for Wells to Flare Gas Share your comments
Wednesday, September 15, 2021Getting a permit to burn excess natural gas at Texas oil wells is getting a little bit harder.

GOM Oil Output at 60 Percent Share your comments
Wednesday, September 15, 2021The slow-but-steady restoration of oil production in the Gulf of Mexico is continuing.

Chevron and Enterprise Exploring Carbon Storage Ops Share your comments
Wednesday, September 15, 2021Chevron and Enterprise Products Partners are exploring carbon storage business opportunities.

Oil Surged Higher Wednesday Share your comments
Wednesday, September 15, 2021Oil reaches a six week high as the EIA reports a drop of over six million barrels in supply to reach levels not seen since 2019.

Aker Solutions Wins Large ConocoPhillips Deal Share your comments
Tuesday, September 14, 2021Aker Solutions has been awarded a large topside modification contract by ConocoPhillips Skandinavia AS for Tommeliten Alpha, offshore Norway.

Oil Glut That Covid Built All But Gone Share your comments
Tuesday, September 14, 2021Global crude inventories that ballooned during the pandemic have shrunk to the lowest level in 20 months as an economic rebound in top consumers China and the U.S. drive a robust recovery in fuel demand.

Tesla Loving Norway Picks Pro Oil Labor Share your comments
Tuesday, September 14, 2021Norway's opposition Labor Party will begin talks on forming a new ruling coalition after winning an election dominated by disputes over the Nordic economy's dependence on fossil fuel.

Texas May Face Another Hurricane Soon Share your comments
Tuesday, September 14, 2021Tropical Storm Nicholas could turn into a hurricane and hit Texas in coming days, Rystad Energy warns.

Storms Set to Worsen Global Ship Snarls Share your comments
Tuesday, September 14, 2021Global supply chains already tangled by the pandemic, labor shortages and sustained consumer demand in the U.S. are getting walloped by another disruptive force: Mother Nature.

DOE Awards SPR Oil Sale Contracts Share your comments
Tuesday, September 14, 2021The U.S. Department of Energy has revealed that contracts have been awarded from a recent congressionally mandated Strategic Petroleum Reserve crude oil sale.

World Must Wait for Extra Oil Share your comments
Tuesday, September 14, 2021The world will have to wait until October for additional oil supplies as output losses from Hurricane Ida wipe out increases from OPEC+, the International Energy Agency said.

ACWA Plans $1.2B Offer in Biggest Saudi IPO Since Aramco Share your comments
Tuesday, September 14, 2021ACWA Power International is set to raise up to 4.55 billion riyals ($1.2 billion) in what would be the biggest offering in Riyadh since Saudi Aramco's listing.

Santos and ANPM Sign MOU to Progress Timor Sea CCS Share your comments
Tuesday, September 14, 2021Santos has signed an MOU with the Timor-Leste regulator ANPM to progress Carbon Capture and Storage at Bayu-Undan in the Timor Sea.

Oil Steady In Wake of Hurricane Nicholas Share your comments
Tuesday, September 14, 2021Oil settled with minimal change as threats to crude supply from the Gulf of Mexico fizzled in the wake of hurricane Nicholas.

Expert Gives Hurricane Affected Asset Warning Share your comments
Monday, September 13, 2021Rigzone's regular energy prognosticators look at the recovery in the Gulf of Mexico following Hurricane Ida, gas market price moves, Libya supply disruption and more.

Oil Jumps as USA Supply Limps Back Share your comments
Monday, September 13, 2021Oil climbed above $70 a barrel after a run of three weekly gains as investors tracked the slow restoration of supplies in the Gulf of Mexico and the outlook for demand and inventories over the fourth quarter.

TC Energy Clear to Keep Insurers Secret Share your comments
Monday, September 13, 2021TC Energy Corp. is the latest Canadian pipeline company allowed to keep its insurers confidential as activist groups push firms to drop business with the fossil fuels industry.

How Much Gulf of Mexico Production is Still Offline? Share your comments
Monday, September 13, 2021The Bureau of Safety and Environmental Enforcement publishes its latest production estimates following Ida.

USA Rig Count Almost Doubles Share your comments
Monday, September 13, 2021The United States rig count is almost double where it was this time last year, according to Baker Hughes' latest rotary rig count.

Adnoc Drilling to Raise $750MM From Abu Dhabi IPO Share your comments
Monday, September 13, 2021Abu Dhabi National Oil Co. is seeking to raise about $750 million from its drilling unit's IPO, in what would rank among one of the largest share sales in the United Arab Emirates.

OPEC Sees Stronger Crude Demand Share your comments
Monday, September 13, 2021OPEC predicted stronger demand for its crude on a combination of rising global fuel consumption and output disruptions elsewhere.

Venezuela Heavy Oil Project Reserves Will be Left Stranded Share your comments
Monday, September 13, 2021Venezuela's heavy oil project reserves will be left stranded as international players divest their interest, according to GlobalData.

Shell Readies Gulf Pipeline Restarts Share your comments
Monday, September 13, 2021Royal Dutch Shell is gearing up to restart oil pipelines off the U.S. Gulf Coast, potentially moving the region's top driller one step closer to restoring some production shut by Hurricane Ida.

Oil Finishes on a Six Week High Share your comments
Monday, September 13, 2021With another storm on a crash course with Houston and Louisiana, oil rose to the highest level in six weeks.

Oil Companies Donate to Ida Relief Efforts Share your comments
Sunday, September 12, 2021Chevron Corporation (NYSE: CVX), BP (NYSE: BP) and Phillips 66 (NYSE: PSX) have revealed that they are donating funds to support relief efforts following Hurricane Ida.

Noble Declares Force Majeure On Drillship and More Share your comments
Saturday, September 11, 2021Here are some of Rigzone's top stories during the last week, just in case you missed them...

Noreco Enters Bifrost Carbon Capture Project Offshore Denmark Share your comments
Friday, September 10, 2021Noreco has entered into a partnership to develop the Bifrost carbon capture and storage (CCS) project.

Sembcorp Marine Chosen For Dorado FPSO FEED Work Share your comments
Friday, September 10, 2021Sembcorp Marine wins exclusive contract to undertake FEED work for Santos’ Dorado FPSO.

BP Studies Green Hydrogen Production at Kwinana Share your comments
Friday, September 10, 2021BP Australia has announced that it is undertaking a feasibility study into the production of green hydrogen at its Kwinana site in Western Australia.

Oil Trims Weekly Loss Share your comments
Friday, September 10, 2021Oil edged higher, paring the first weekly decline in three, as investors assessed China's confirmation that it had released crude from its strategic reserves in an unprecedented intervention in the global market.

Oil Company Duo Joins Horizont Energi's Blue Amonia Project Share your comments
Friday, September 10, 2021Horisont Energi, Equinor, and Var Energi to cooperate on Barents Blue projects, Europe’s first large-scale blue ammonia production facility.

Libya Oil Output at Risk Again Share your comments
Friday, September 10, 2021Libya's oil production is in danger of slumping again, as a political power struggle threatens to end a period of relative stability.

Chevron and Caterpillar in Hydrogen Pact Share your comments
Friday, September 10, 2021Chevron U.S.A. Inc and Caterpillar Inc have announced a collaboration agreement to develop hydrogen demonstration projects in transportation and stationary power applications.

Santos, Oil Search To Merge Into Regional Champion Share your comments
Friday, September 10, 2021Santos and Oil Search enter a merger agreement to create top-20 ASX-listed companies and the 20 largest global oil and gas companies.

Chuck Norris Hands Over World's Toughest Job to Aker Share your comments
Friday, September 10, 2021Chuck Norris has been single handedly handling the world's biggest challenges, like capturing carbon and converting the rays of the sun into electricity, but he's now passed the torch to Aker.

Ida Impact on Gulf of Mexico Continues Share your comments
Friday, September 10, 2021Rigzone's regular market watchers look at the ongoing impact of Ida, oil and gas price movements, the latest updates from the U.S Energy Information Administration and more.

Ida-Damaged Oil Rig May Take Rest of 2021 to Repair Share your comments
Friday, September 10, 2021Noble Corp. said repairing a deepwater oil rig damaged by Hurricane Ida may take the rest of this year and wipe out 16 percent of expected profit.

$42B Harvard Fund to Stop Investing in Fossil Fuels Share your comments
Friday, September 10, 2021Harvard University will stop investing in fossil fuels and instead use its giant $42 billion endowment to support the green economy.

Oil Up for Third Week as USA Refinery Restarts Outpace Production Share your comments
Friday, September 10, 2021Oil futures rose Friday completing a third weekly gain as refineries in Louisiana restart and returning offshore production cannot keep pace.

Oil Holds Gain as Hurricane Impact Lingers Share your comments
Thursday, September 09, 2021The slow return of U.S. output halted by Hurricane Ida more than a week ago tightened the market.

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