Guyana's closely watched auction of 14 offshore oil blocks faces a delay with the South American country pushing back the deadline for oil explorers to submit bids to mid-July.The three-month delay is in response to industry feedback and the need for modernizing the country's oil and gas regulatory framework, which is expected to guide development of the blocks, Guyana's Ministry of Natural Resources said in a statement鈥
The U.S. will hold an oil and gas lease sale in the Gulf of Mexico, as planned by the administration of former President Joe Biden, and will release a proposed notice of it in June, the Interior Department said on Friday.The auction of drilling鈥
The Japanese government said on Friday it had selected a consortium comprising Japan Renewable Energy, Iberdrola Renewables and Tohoku Electric Power as the wind power operator for an offshore block tendered in a second round of public auctions鈥
A storm system brewing in the Gulf of Mexico could strengthen into a named storm as it takes aim at the Texas coast, the U.S. National Hurricane Center said on Monday.The system, named Potential Tropical Cyclone 9, was about 480 miles (770 km) east-southeast of Port Mansfield鈥
Crew fatigue led to an offshore supply vessel striking an oil and gas production platform in the Gulf of Mexico in 2021, the National Transportation Safety Board (NTSB) said Thursday.The offshore supply vessel (OSV) Elliot Cheramie was on its normal route between Port Fourchon鈥
Newly licensed offshore oil and gas exploration acreage is likely to fall by about 60% and onshore acreage by 30% compared with 2019 levels, Rystad Energy has said, as the Norwegian energy market analytics company expects more than half of the鈥
Exploration and production (E&P) companies are expected to enter 2020 with measured optimism for offshore exploration prospects, after 2019 delivered a moderate increase in exploration drilling and not-so-moderate rise in licensing activity鈥
With Mexico's government insisting that energy companies increase oil and gas output before it auctions off more of the country's vast reserves or offers more partnerships with state-run Pemex, firms ranging from foreign majors to local players are scrambling to buy and sell blocks they already own鈥
Mexico鈥檚 Energy Reform has sen its first concrete offshore result, with the installation of of Eni鈥檚 Miztón platform in the Gulf of Mexico.In March, the Sapura 3500 DP3 Heavy Lift Vessel (HLV) completed the installation under the Area 1 Production Sharing Contract (PSC)鈥
Russian oil producer Lukoil has signed a farm-out agreement with Italy's Eni on blocks 10, 12 and 14 in the Mexico's shallow waters.Lukoil will assign 40 percent in block 12 to Eni and retain the remaining 60 percent stake as operator of the project鈥
It鈥檚 a smaller, more focused exploration world as we start 2018. Elaine Maslin discusses the main themes for 2018 with Wood Mackenzie鈥檚 Andrew Latham (First published in the January 2018 OE, access full issue here). Deepwater is very鈥
Eni now estimates Area 1 in Mexico鈥檚 Campeche Bay to contain between 1.4 to 2 billion boe 鈥 90% of which is oil -- thanks to Eni鈥檚 successful Tecoalli-2 well and revision to the reservoir models for the Amoca and Mitzon fields. Mexico's鈥
Trilateral cooperation between the US, Canada, and Mexico is needed, says US Energy Secretary Rick Perry. Rick Perry. Photos from OE Staff. Perry was speaking at the University of Houston鈥檚鈥
Mexico's National Hydrocarbons Commission (CNH) announced today that 25 companies have askes to sign up for the next deepwater round, Round 2.4, to be held on 31 January 2018. The companies that have signed up include those that have participated in previous rounds such as BHP鈥
Mexico鈥檚 National Hydrocarbons Commission (CNH) has issued a call for bids for the country鈥檚 Round 3, consisting of 35 shallow water areas in the Gulf of Mexico. Image from iStock. The 35 areas cover some 26鈥
