Shell’s Vito deepwater project: “Break-even at $35 per barrel”
MAY 9, 2018 — The downturn in the price of oil over the past few years forced oil and gas producers to rethink their approach to deepwater offshore oil and gas development.
Gulf of Mexico
Giant lease sale seen as “modestly active”
MARCH 21, 2018 — Interior Assistant Secretary for Land and Minerals Management Joe Balash today announced that region wide Gulf of Mexico Lease Sale 250 conducted today by Interior’s generated $124,763,581 in
GOM rig activity returning to normal after Harvey
SEPTEMBER 4, 2017— The Bureau of Safety and Environmental Enforcement (BSEE) reports that offshore oil and gas operators in the U.S. Gulf of Mexico are re-boarding platforms and rigs and beginning to
Barge fire in GoM extinguished, vessel adrift
AUGUST 4, 2017—The Gulfport (Mississippi) Fire Department reports that it has extinguished a fire aboard a tank barge carrying 2,500 tons of anhydrous ammonia and 800 gallons of diesel fuel about 2
Gulf of Mexico’s “Dead Zone” grows
AUGUST 3, 2017—The Gulf of Mexico’s “Dead Zone” is growing and it’s the largest it has ever been—relatively the size of New Jersey—according to a team of scientists. The current Gulf of
Next Gulf lease sale terms offer sweetener for shallow water leases
JULY 14, 2017—The U.S. Department of the Interior is to offer 75.9 million acres offshore Texas, Louisiana, Mississippi, Alabama, and Florida for oil and gas exploration and development in a region-wide lease
Strong crude exports from North Sea, GOM
APRIL 19, 2017—While overall seaborne demand for Very Large Crude Carriers (VLCC) and Suezmax tankers was down 4.6% in the first quarter of this year as compared with the previous quarter, there
Cashman acquires three deck barges
OCTOBER 26, 2016—Continuing to expand its global fleet, Cashman Equipment Corp., Braintree, MA, reports that it has added three 330 ft x 110 ft x 20 ft ballastable deck barges. The newly
Platforms and rigs evacuated as Tropical Depression 9 builds
AUGUST 29, 2016 — Offshore oil and gas operators in the Gulf of Mexico are evacuating platforms and rigs in the path of Tropical Depression No. 9. The Bureau of Safety and
BOA Offshore gets Technip contract in GoM
JUNE 15, 2016 — Trondheim, Norway, headquartered BOA AS says that Technip USA Inc. has awarded it a contract for light construction, heavy lift and possible umbilical lay operations and installations in