Gulf of Mexico
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The Coastal Virginia Offshore Wind project is expected to power 900,000 homes, support thousands of jobs, and add 2,600 MW of energy to the grid. -
The Biden administration postpones Sale 261 while awaiting court ruling.
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The $32-million deal nets producer proved reserves of 3.2 million BOE.
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The all-stock transaction is the second megadeal to rock the energy industry this month.
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The Whale floating production unit, comprising a topside module and a semisubmersible hull, is a near-twin to the previously delivered Vito facility.
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Pair joins other E&Ps who have halted work in the area after disappointing results.
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While many expect oil and natural gas to retain their roles in the energy mix of 2050, the more significant question should not only be on how much oil and gas will be needed but from where the world will find it.
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The Biden Administration plans for a maximum of three lease sales in the Gulf of Mexico from 2024 to 2029.
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A recently signed contract lines the company up to provide autonomous ocean robots for inspection of the oil giant’s subsea field developments in the Gulf of Mexico.
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The discovery in the US Gulf of Mexico was tied back to the existing Shenzi tension-leg platform.
