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HomeGulf of Mexico

Gulf of Mexico

Mexico
Exploration and Production

Mexico LNG terminal set to ship first cargo, others remain in limbo

July 11, 2024 Mariel Alumit

An LNG terminal on Mexico’s coast will soon begin operations, while a half-dozen other Mexican LNG projects remain on the drawing board. Altamira LNG is a floating terminal in the Gulf of Mexico off the […]

Hurricane Beryl
Crude Oil News

WTI Crude Soars to Highest Level Since April on Demand Optimism, Hurricane Beryl

July 2, 2024 Mariel Alumit

Hurricane Beryl strengthened overnight to a powerful Category 5 storm as it churned in the Caribbean Sea. The Cat. 5 storm is the earliest on record in the Atlantic hurricane season and has caused concern […]

Oceaneering
Exploration and Production

Oceaneering wins multiple vessel contracts in Gulf of Mexico

June 28, 2024 Mariel Alumit

Oceaneering has won multiple contracts for vessel services in the Gulf of Mexico. The first deal covers a mix of basic and heavy inspection, maintenance, and repair (IMR) services, including vessel-based inspections, maintenance of smaller […]

Transocean
Crude Oil News

Transocean drillship staying on Gulf of Mexico duty with US oil & gas firm for another year

June 26, 2024 Mariel Alumit

Switzerland-based offshore drilling contractor Transocean has tucked a multi-million contract extension in the U.S. Gulf of Mexico under its belt for an ultra-deepwater drillship employed by Hess Corporation, a U.S.-based oil and gas player. Set to […]

Kimmeridge
Finance

Kimmeridge takes 90 percent stake in Commonwealth LNG

June 26, 2024 Mariel Alumit

US private equity firm Kimmeridge is taking a 90 percent stake in Commonwealth LNG, the developer of the 9.5 mtpa plant in Cameron, Louisiana founded by Paul Varello, who is retiring. In August last year, […]

Russia
Geopolitical

Russian Warships Steam For Caribbean As Ukraine Tensions Go Global

June 7, 2024 Stu Turley

In a show of force perhaps prompted by President Biden’s authorization of Ukrainian strikes inside Russia using US weapons, a group of Russian warships is en route to the Caribbean, a senior US official has […]

Climate Crisis

Texas Flags Endangered Lizard

May 23, 2024 Andy Del Prado

Daily Standup Top Stories Texas Oil Regulator Flags Endangered Species Designation May 22, 2024 Mariel Alumit In a statement posted on its website, the Texas Railroad Commission (RRC) highlighted that the U.S. Department of Fish and […]

Hurricane Season
Climate Crisis

EIA Warns Severe Hurricane Season Could U.S. Disrupt Oil & Gas

May 22, 2024 Mariel Alumit

Up to 25 named storms for this year’s hurricane season could wreak more havoc on the American oil and gas industry than ever before, the Energy Information Administration (EIA) said on Wednesday in an in-depth […]

Oil
Exploration and Production

Activists go toe to toe with Big Oil in court to challenge Trump-era Gulf of Mexico drilling allowance

April 26, 2024 Mariel Alumit

Many legal battles are springing up in the United States (U.S.) for environmental protection to be enshrined in the nation’s laws to prevent oil companies from grabbing more public waters for hydrocarbon exploration. Earthjustice, a […]

bp
Crude Oil News

bp focuses on Gulf of Mexico despite play-opening discoveries by peers in Guyana, Namibia

April 18, 2024 Mariel Alumit

(Bloomberg) – For a company that made its name with frontier oil discoveries from Iran to Alaska, bp Plc is notably absent from today’s hottest new oil plays. The company’s head of exploration and production […]

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