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(Reuters) – BP, Chevron and Shell were among the top bidders on Wednesday at the U.S. government’s first sale of oil and gas drilling rights in the Gulf of Mexico since 2023. The auction, which ended with $279.4 million in high bids, was the first of 30 mandated by U.S. President Donald Trump’s tax cut …
BP, Chevron Are Top Bidders at First Trump Gulf of Mexico Oil and Gas Auction Read More »
By Reuters (Reuters) – The Trump administration will hold the government’s first sale of oil and gas drilling rights in the Gulf of Mexico since 2023 on Wednesday, a key test of industry appetite for offshore acreage at a time when the United States is seeking to unleash more domestic fossil fuel production. The auction is the first …
US Holds First Gulf of Mexico Oil and Gas Auction Since 2023 Read More »
By Olga Tanas Harbour Energy Plc, one of the largest independent oil and gas firms in the UK, expects to cut another 100 jobs after the government decided to keep a windfall tax on North Sea producers. The Labour government last week said it plans to retain the Energy Profits Levy — introduced by the …
Harbour Energy to Cut 100 UK Jobs After Windfall Tax Retained Read More »
By Kari Lundgren Equinor ASA will drill about 26 wildcat and appraisal wells off the coast of Norway in 2026, mostly in the country’s North Sea, as the company looks to spend $6 billion a year over the next ten years to maintain the flow of oil and gas to Europe. Norway’s biggest oil and …
Equinor to Drill 26 Exploration Wells Off Norway Next Year Read More »
By Ari Natter The Trump administration is proposing to open new areas off of California, Florida and Alaska to crude drilling as part of a draft blueprint released Thursday that would dramatically expand the sale of oil and natural gas rights. In all, the Interior Department is proposing as many as 34 offshore lease sales …
Trump Plan Targets Florida, California for Coastal Oil Drilling Read More »
By Stine Jacobsen and Louise Rasmussen Offshore wind capacity seen up 20-25% annually until 2030 Terms of European offshore wind auctions improving, firms say Faster permitting, better auction designs, grid expansion needed Vestas Q3 operating profit 416 million euros, beats forecast Orsted swings to $265 million net loss in Q3 COPENHAGEN, Nov 5 (Reuters) – …
Offshore Wind Leaders Urge European Policy Fixes as Trump freezes US Permits Read More »
By Anthony Di Paola Darren Woods Photographer: David Paul Morris/Bloomberg Abu Dhabi’s Upper Zakum offshore oil field is likely to reach its target for expanding production capacity ahead of schedule, said Exxon Mobil Corp. Chief Executive Officer Darren Woods. Upper Zakum, which Exxon has developed in partnership with Abu Dhabi’s government-owned producer and Japan’s Inpex …
Giant Abu Dhabi Oil Field Could Hit Target Early, Says Exxon CEO Read More »
(Reuters) – LLOG Exploration Offshore is exploring a potential sale, which may value one of the largest privately held oil and gas producers in the U.S. Gulf at more than $3 billion including debt, people familiar with the matter said. The Covington, Louisiana-based company is working with investment bankers at Guggenheim Securities on the effort, …
US Gulf Producer LLOG Exploration Explores Sale at $3 Billion Valuation, Sources Say Read More »
Rigs drilling beneath the deep waters of the Gulf of Mexico will drive U.S. oil industry growth this year and next as onshore production slows due to lower prices and maturing shale fields, and analysts and consultants expect the trend to continue as new technology and friendly regulations attract investment offshore. The offshore oil and …
A California judge on Tuesday sided with the state government and tentatively ruled against Houston-based oil company Sable Offshore’s request to restart a pipeline that pulls crude from the Santa Ynez offshore oil project. The tentative ruling from Judge Thomas Anderle in the Superior Court for Santa Barbara County marks a major setback for Sable, …
California Judge Blocks Efforts to Restart Santa Ynez Oil Pipeline Read More »
