Category: Offshore

Noble Energy acquires interest in BP Gulf of Mexico leases

Noble Energy Inc. acquired 50 percent of BP’s interest in 17 Gulf of Mexico leases, it announced Monday.  More »

Feds take first step toward new oil auctions

The Obama administration on Friday took the first step toward new offshore drilling sales three years from now, inviting the public to weigh in on what coastal acreage should be opened for oil and gas exploration.  More »

Feds launch planning for future offshore lease sales

The Obama administration is about to kick off the long process of deciding what offshore areas should be auctioned off for oil and gas drilling from 2017 to 2022.  More »

Transocean CEO: Rig supply outpacing drilling demand (video)

Steven Newman, chief executive officer for Transocean Ltd., talks about the outlook for oil rig demand and oil exploration. Newman also discusses the impact of activist shareholder Carl Icahn on the company.  More »

Watery classroom teaches life-saving lessons (video)

Most people who work on offshore oil facilities — including visiting journalists — have to learn to escape an upside down, water-filled helicopter. It’s all just a drill. But the panic is real.  More »

Marathon Oil to sell Norway business for $2.1B

Marathon Oil Corp. struck a deal Monday to sell its Norwegian offshore oil-production business for $2.1 billion, its latest move to lighten its load and concentrate on U.S. shale basins.  More »

Repsol wins approval for $10B project off Spain

Repsol SA won government approval to start a $10 billion oil drilling project off Spain’s Canary Islands, signaling success in its 12-year campaign to start exploration near the Atlantic archipelago.  More »

Ted Cruz calls for close look at Exxon Mobil deal in Russian Arctic

U.S. Sen. Ted Cruz, traveling in Israel and Eastern Europe to meet foreign leaders, said Wednesday that the U.S. should review a planned Exxon Mobil Corp. oil exploration project with the Russian state-controlled company Rosneft as the West looks for ways to apply more pressure over the Ukraine crisis.  More »

Woodside scraps $2.6B Israeli gas deal as talks fail

Woodside Petroleum Ltd., Australia’s second-biggest oil and gas producer, scrapped an agreement to buy a quarter of Israel’s largest natural gas field for as much as $2.6 billion after talks to complete the deal collapsed.  More »

Piping Tamar gas to Egypt may boost another Israeli site

A deal to pipe natural gas from Israel’s Tamar gas field to Egypt may spur development of a larger reserve nearby, benefiting partners in both discoveries.  More »

Eygptian gas deal may spur more Israeli offshore development

A deal to pipe natural gas from Israel’s Tamar gas field to Egypt may spur development of a larger reserve nearby, benefiting partners, including Houston’s Noble Energy, in both discoveries.  More »

Saudi gas reserves up as Aramco taps new shale deposits

Saudi Arabia’s natural gas reserves rose last year as it explored for the fuel in the Red Sea and tapped shale gas to free more crude oil for export, according to the kingdom’s state-run oil company.  More »