BHP announced Friday it has sold its 35 percent stake and will turn over the operation of the Neptune oil and gas field in the deepwater Gulf of Mexico to…
U.S. Gulf of Mexico
Energy Industry Faces Hurricane Challenges Amid Pandemic
By Erwin Seba HOUSTON, June 4 (Reuters) – As oil and gas companies began shutting offshore production before the first tropical storm of the season in the U.S. Gulf of Mexico, experts said restarting wells and refineries will take longer and prove more costly this year because of COVID-19. Well...
U.S. Gulf Put on Notice as Tropical Storm Cristobal Gains Strength
By Brian K. Sullivan (Bloomberg) –Tropical Storm Cristobal, now gaining strength in the southern Gulf of Mexico, could grow into a hurricane as it moves toward the Texas and Louisiana coasts early next week, threatening offshore oil platforms, coastal refiners and agriculture. The system’s winds...
Imelda Disrupts U.S. Gulf Coast Energy Operations from Refineries to Terminals
By Erwin Seba HOUSTON, Sept 19 (Reuters) – Energy infrastructure on the U.S. Gulf Coast was hit hard by Tropical Storm Imelda on Thursday, as flooding forced a major refinery, a key oil pipeline, terminals and a ship channel in Texas to shut, according to sources familiar with operations....
Gulf of Mexico lease sale attracts $159 million in high bids
Yesterday’s Gulf of Mexico Lease Sale 253 in New Orleans generated over $159 million in high bids for 151 tracts covering 835,000 acres in federal waters. Twenty-seven companies participated in the lease sale, submitting approximately $175 million in bids.
“We are excited about the results from today’s lease sale, which show a continued upward trend for the year. The total from today’s lease sale and the March sale is the highest since 2015 for high bids,” the Interior Department’s Deputy...
https://www.workboat.com/news/offshore/gulf-of-mexico-lease-sale-attracts-159-million-in-high-bids/