Offshore

Expect more natural gas output from Latin American nations, according to recent earnings calls and presentations from regional government officials and executives. Management at Brazil’s state oil company Petrobras SA said they were working to employ more of the natural gas from the prolific offshore pre-salt deposits. “We will search for new segments for our…

The global natural gas and oil exploration sector had its strongest year in 2022 in a decade as national oil companies and majors focused on taking advantage of what might be a short-term window of opportunity. The sector created some $33 billion of value at $60/bbl Brent prices last year, according to a report from…

The U.S. Coast Guard (USCG) paused its search late Thursday for three Walter Oil & Gas Corp. platform workers and a pilot after a helicopter crashed 10 miles off the coast of Southwest Pass, LA, in the Gulf of Mexico (GOM). The USCG’s Eighth District, headquartered in New Orleans, conducted a search for about eight…

New Fortress Energy Inc. (NFE) said it has finalized a series of LNG agreements with Mexican state electricity firm Comisión Federal de Electricidad (CFE). The companies are developing a floating liquefied natural gas (FLNG) export hub off the coast Altamira en Tamaulipas state. NFE has committed to deploy multiple FLNG units with regasification capacity of…

China National Offshore Oil Corp. (CNOOC) has made a large offshore natural gas discovery in the South China Sea as it continues to work toward adding oil and gas reserves. Proven gas in-place of the Baodao 21-1 field has “successfully passed the Chinese governmental review and filing,” the firm said. CNOOC says the field holds…

Backed by Louisiana state government incentives, oilfield services (OFS) giant Schlumberger Ltd. has decided to centralize its offshore oil and gas support services in the heart of the state’s Acadiana region. The company is spending $11.5 million to expand its operations in Lafayette, LA, forming a North Gulf Coast (NGC) Hub. Schlumberger’s Lyndal Cissell, North…

Oil and natural gas producers have “serious concerns” that the federal government may not adopt a five-year offshore lease sales schedule as mandated by Congress, the industry said Thursday. The American Petroleum Institute (API) and other oil and gas executives called out federal officials for what they said was a delay to complete the 2023-2028…

President Biden is moving to reinstate the post-Macondo offshore safety rules enacted by the Obama administration, which were partly undone by the Trump administration. BP plc’s deepwater Macondo well explosion in 2010 killed 11 men, destroyed the Deep Horizon drilling rig and led to the largest oil spill in U.S. history. An extensive investigation by…

An environmental review of New Fortress Energy Inc.’s (NFE) LNG project proposed offshore of Louisiana could be delayed after the Maritime Administration (MARAD) paused the process while seeking more information from the firm, recently published documents show. In documents published for the first time publicly on Sept. 8, MARAD confirmed it had paused the review…