BOEM sets new date for Gulf of Mexico oil and gas lease sale
The Bureau of Ocean Energy Management has now set a date for Gulf of Mexico Oil and Gas Lease Sale 261. It will be held November 8, 2023. This is the sale
Oil & Gas
BOEM proposes fewest oil and gas lease sales in history
The Inflation Reduction Act (IRA) does not allow the Bureau of Ocean Energy Management (BOEM) to issue a lease for offshore wind development unless the agency has offered at least 60 million
Vroon completes offshore vessel sell-off
One of the best-known companies in Netherlands shipping, Vroon, says that it has finalized its restructuring and completed the sale of 37 vessels from its offshore fleet. That leaves Vroon with a
BOEM postpones GoM oil and gas lease sale
The Bureau of Ocean Energy Management (BOEM) yesterday announced that it is postponing Gulf of Mexico Outer Continental Shelf Oil and Gas Lease Sale 261, which had been set for today, September
Court orders BOEM to hold GoM Lease Sale 261 the way Congress directed
The State of Louisiana, the American Petroleum Institute, Chevron USA Inc. and Shell Offshore have been granted a preliminary injunction in response to their law suit challenging conditions in BOEM’s Final Notice
Tidewater in global value agreement with Caterpillar
Offshore services giant Tidewater Inc. [NYSE: TDW] has executed a Global Value Agreement (GVA) with Caterpillar covering its worldwide fleet of over 200 OSVs that operate in more than 60 countries. Caterpillar
DOF books Petrobras contracts worth $260 million
Norway’s DOF Group ASA reports that it has won three new service contracts from Petrobras in a competitive bid process. DOF says that they include work within its core service lines of
Bipartisan momentum builds for offshore oil and gas leasing action
Slow-marching of offshore oil and gas leasing sales by the U.S. Department of the Interior could threaten offshore wind leasing, NOIA (the National Ocean Industries Association) says, noting that Federal law mandates
BOEM Gulf of Mexico oil and gas sale restrictions face legal challenge
While the Bureau of Ocean Energy Management may be all in on offshore wind, that’s not the case with oil and gas. On August 23, BOEM announced plans to hold Gulf of
Equinor secures Hercules semi for 2024 Canada drilling campaign
In another sign of strength in the offshore drilling market, John Fredriksen associated SFL Corporation Ltd. (NYSE: SFL) reported today that it has signed a drilling contract in Canada with a subsidiary