Sixteen discoveries estimated to be larger than 100 million barrels of oil equivalent (boe) were made in the first half of the year, Westwood Global Energy Group has revealed. This…
China might escort Chinese commercial vessels in Gulf waters under a US proposal for a maritime coalition to secure oil shipping lanes following attacks on tankers, its envoy to the…
Shell Offshore has elected to invest in its PowerNap deep-water project in the U.S. Gulf of Mexico, a subsea tie-back to the Shell-operated Olympus production hub. The project is expected…
Out of all the major offshore oil and gas regions, the U.S. Gulf of Mexico has the largest number of laid-up OSVs, according to a new analysis by VesselsValue. "By…
Oil companies will this year increase their investments in offshore drilling for the first time after five years of spending cuts as optimism for this segment of the industry returns…
Sour medium oil from Shell’s and BP’s Gulf of Mexico platforms is replacing Venezuela’s heavy oil for many U.S. refiners who are on the lookout for alternatives sources of crude after the…