OIL AND THE NORTH SEA: A NEW HOPE. Don’t look now, but there’s actually some good news coming out of the North Sea. The region helped make the UK a net oil exporter in the 1980s, but in the intervening years its offshore fields have matured and production has declined dramatically. To make matters worse, […]
No contour of California’s vast landscape inspires such passionate devotion as its coastline, so state lawmakers recoiled when President Trump announced in April that he wanted to expand offshore drilling. The outrage was channeled into a proposal for preventing any new infrastructure along the...
The Louisiana Offshore Oil Port has received a flurry of Iraqi crude imports in the past few weeks, with more expected, which could be behind a recent 30% jump in open interest on the CME’s LOOP Sour futures contract. In the initialShow More Summary
DUBAI (Reuters) - Major oil exporter Kuwait is dealing with another crude oil spill off its southern coast, state news agency KUNA said on Monday, the latest in a series of unexplained leaks in the Gulf Arab state in recent months.
Offshore oil firm Seadrill filed for Chapter 11 bankruptcy protection late Tuesday, seeking to restructure its debts.
The Louisiana Offshore Oil Port continues to experience a surge in crude oil imports more than two weeks after Hurricane Harvey hit the Texas Gulf Coast and prevented ports in that state from receiving crude for days. The LOOP oil terminal...Show More Summary
The price of front-month sour crude oil storage at the Louisiana Offshore Oil Port on Tuesday sold at its highest level since May while at least 2 million b/d of Texas refining capacity remains offline following Hurricane Harvey last week. Show More Summary
north sea oil rig, offshore supply vessel " data-medium-file="http://gcaptain.com/wp-content/uploads/2017/09/shutterstock_136078472-300x200.jpg" data-large-file="http://gcaptain.com/wp-content/uploads/2017/09/shutterstock_136078472-800x532.jpg" />By Rakteem Katakey (Bloomberg) — Europe’s biggest energy companies have a message for the aging U.K. Show More Summary
OSLO (Reuters) - Norway's government plans to make taxpayers rather than oil companies pay special U.N. fees for any offshore production from remote Arctic regions, according to letters sent to oil firms and seen by Reuters.
An energy company has been formally sentenced to a $4.2 million penalty in connection with a 2012 offshore oil platform fire that killed three workers. Houston-based Black Elk Energy had … Click to Continue »
Brazil is threatening to turn down Total's bid to drill in the mouth of the Amazon river, saying the French oil giant has not allayed concerns over its ability to protect a huge offshore coral reef. The government environmental agency...Show More Summary
State Senator Hannah-Beth Jackson's bill could effectively prevent new oil drilling off California's coast – despite the Trump administration's attempt to open up federal waters.
The Louisiana Offshore Oil Port and regional refining industry could be set to carry the load in the near future, collectively establishing itself as the most important chunk of US oil infrastructure while Texas remains hobbled by Hurricane Harvey. Show More Summary
By Mikael Holter (Bloomberg) — While other offshore rig operators are still struggling to survive the worst oil-market slump in a generation, one Norwegian company has managed to turn things around. Odfjell Drilling Ltd., which ownsShow More Summary
Offshore oil and gas operators in the Gulf of Mexico are evacuating platforms and rigs in preparation for Hurricane Harvey, which is forecast to make landfall along the mid-Texas coast late Friday night. The National Hurricane Center reported Thursday that Harvey, now a hurricane, is rapidly intensifying as it approaches the middle Texas coast. Show More Summary
Gov. John Carney says he's opposed to drilling for oil and gas in federal waters off the coast of Delaware, or elsewhere along the Atlantic coast. In a letter last … Click to Continue »
The Louisiana Offshore Oil Port is marketing a revised specification for oil stored in one of its eight underground caverns that will allow US light sweet crudes Midland Sweet and Bakken to be delivered alongside Eagle Ford and several West African grades, market sources said. Show More Summary
The transaction would increase Total’s overall production by 160,000 barrels a day in 2018 and make it one of the largest operators of offshore rigs in northwest Europe.
Virginia Governor Terry McAuliffe urged the Trump administration to exclude his state from a federal offshore oil and gas drilling plan, citing concerns about revenue sharing and environmental issues, in a letter that his office revealed on Thursday. McAuliffe, a Democrat, had previously said that...
By David Wethe and Joe Carroll (Bloomberg) — Transocean Ltd. dropped to the lowest in more than two decades as investors panned its deal to buy Songa Offshore SE in the biggest offshore drilling industry deal since oil prices collapsed three years ago. Show More Summary