Business/economics
Proposed and final notices of sale represent nearly 80 million acres in the Gulf of Mexico and approximately 1 million acres in Alaska’s Cook Inlet.
The US and UK sanctioned Russian independent Lukoil International and state-owned Rosneft in a bid to pressure Russia over Ukraine.
Ranger acquires American Well Services for $90.5 million, adding 39 workover rigs and boosting its fleet by 25%.
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An analyst from Rystad looks at the state of the offshore drilling market and the likelihood of recovery by 2021. -
A group of conservation organizations sued the Environmental Protection Agency (EPA) on 5 June, saying the agency unlawfully suspended Obama-era rules to cut methane pollution.
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Pedro Parente, CEO of Petrobras, and Robin Watson, chief executive of Wood Group, are to speak at the opening plenary session at SPE Offshore Europe 2017, which is being held in Aberdeen from 5–8 September.
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As the GE-Baker Hughes deal moves closer to finalization we now know who will be leading the combined company.
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The budget ensures continued support of the offshore energy industry’s safe and responsible operations providing for secure and reliable energy production for America’s future.
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OPEC has renewed its effort to prop up global crude prices, but the impact may also drive US production higher.
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The Trump administration has tapped a former Louisiana utility regulator to lead the agency responsible for offshore oil and natural gas drilling safety.
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The new CEO of Pemex outlined his plan to reverse the state-owned company’s struggling financial and production situation.
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While the current oil prices may not generate the cash flow needed to pay for offshore projects using traditional financial options, private equity may be the best alternative for operators.
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Secretary of the Interior Ryan Zinke praised America’s resource potential and regulatory framework at OTC. He also laid out his plan to review the department and signed two secretarial orders.
