Adding to questions about the future two large offshore wind proposals in Massachusetts, state regulators on Nov. 4 blasted an effort by the projects’ developers to renegotiate their off-take contracts and gave the companies only […]
U.S. supermajor ExxonMobil is expected to lose about $2 billion when it sells an oil field off the coast of California. Operations at the field were halted following an oil spill in 2015 that leaked […]
From MasterResource By Robert Bradley Jr. — November 2, 2022 “… global commodity price increases … sharp and sudden increases in interest rates, prolonged supply chain constraints, and persistent inflation have significantly increased the […]
The US Gulf of Mexico (GOM) has long been a sound investment opportunity for operators looking for world-class oil fields, stable government regimes, and predictable regulatory requirements. Since the 1980s, the region’s deeper waters have […]
One of the most underappreciated high-stakes legislative fights in recent memory — featuring some of the strangest political bedfellows — is coming soon to a lame-duck session near you. The issue: House-passed legislation attached to […]
Third quarter production grew to approximately 360,000 barrels a day; one million barrels a day targeted by 2030 Third major development on schedule for 2023 start-up More than 30 discoveries in the Stabroek block since […]
A 60-day comment period is slated to commence Oct. 24 on the Interior Department’s plan to hold the next federal Gulf of Mexico offshore oil and natural gas lease sale in March, according to an […]
Offshore driller Borr Drilling has won new three-year deals for five jack-up drilling rigs in Mexico. Borr Drilling said on Thursday that it entered into new contracts for the company’s five premium jack-up rigs with […]
The Bureau of Ocean Energy Management (BOEM) has announced the next steps for oil and gas leasing on the Outer Continental Shelf (OCS) to comply with provisions in the Inflation Reduction Act of 2022. These […]
A new analysis from Westwood Global Energy Group, the specialist energy market research and consultancy firm, reveals skyrocketing offshore wind growth with 135 GW of new capacity on offer to developers, equivalent to nearly 2.5 […]
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