Gulf of Mexico

ExxonMobil and Hess led the way in the most active regionwide US gulf lease sale thus far.

With new projects scheduled to come on line later this year, the region, which mostly comprises states along the US Gulf Coast, will shift from being a source of natural gas supply to a source of growing demand.

The US Army of Corps of Engineers pulled the permit application after the company requested an extension on a review deadline for the project, which could accommodate up to 6 million tons of LNG production annually.

BP has seen enormous payoff from a program to intervene in underperforming subsea wells in the Gulf of Mexico.

If approved by the US Department of Transportation, the port facility would allow VLCCs and other tankers to directly load cargo, potentially removing a major hurdle for US crude oil exports.

The oilfield services and equipment sector, while optimistic, has not yet seen the effects of the improved oil price in the recovery of its overall business.

Improved understanding of the coupled natural/human coastal system will help promote resilience of coastal communities and ecosystems under rapidly changing environmental conditions, says a new report from the National Academies of Sciences, Engineering, and Medicine.

GATE will provide facility commissioning and Subsea 7 will provide a pair of infield production flowlines and the umbilical system for Shell’s recently sanctioned deepwater GOM development.

The engineering and construction company announced that it had achieved a pair of milestones for BP’s Angelin and Pemex’s Abkatun-A2 platforms, both of which are scheduled for delivery within the next two fiscal quarters.

On 26 April 2018, Canada's minister of environment and climate change announced new regulations under the Canadian Environmental Protection Act, 1999, to reduce methane emissions in the oil and gas sector by almost half.