Shell Offshore Inc., a subsidiary of the energy giant Shell plc, has made a announcement with the Final Investment Decision (FID) for the Sparta oil and gas project, a deep-water development in the U.S. Gulf of Mexico. This move exemplifies Shell’s innovative approach to simplifying and replicating projects, marking a significant stride in the industry. […]
A monstrous storm, brewing over the Gulf of Mexico, has unleashed a weekend of weather chaos along the US East Coast. Florida felt the storm’s initial fury on Saturday morning with showers escalating to thunderstorms, threatening with heavy downpours and potential flooding. Florida: The First Victim of the Storm’s Wrath: As the storm intensified, Florida […]
Shell Offshore Inc., a subsidiary of global energy leader Shell plc, has recently expanded its footprint in the US Gulf of Mexico by acquiring the 20% Working Interest (WI) in the Kaikias field from MOEX North America LLC, a 100% subsidiary of Mitsui & Co., Ltd. With this acquisition, Shell now holds 100% working interest […]
GATE Energy, a prominent player in the global energy sector, has been awarded a crucial commissioning contract for the Woodside Trion Floating Production Unit (FPU) project by HD Hyundai Heavy Industries Co., Ltd. (HHI). This milestone contract for GATE Energy solidifies its position as a leader in commissioning and start-up services, especially in the offshore […]
Chevron Corporation (NYSE: CVX) has recently declared its anticipated organic capital expenditure range for 2024, spanning $15.5 to $16.5 billion for consolidated subsidiaries (capex) and an additional $3 billion for affiliate capital expenditure (affiliate capex). This comprehensive plan underscores Chevron’s commitment to expanding its energy operations across various sectors. Major Focus on Upstream Spending and […]
Karoon Energy has taken a significant step in expanding its offshore operations by entering into binding arrangements to acquire a 30% interest in the Who Dat and Dome Patrol fields, located offshore Louisiana in the Gulf of Mexico. This deal, valued at US$720 million (A$1,152 million), also includes interests in the Abilene field and associated […]
W&T Offshore, Inc. (NYSE: WTI), an independent oil and natural gas producer in the Gulf of Mexico, has successfully finalized the acquisition of eight prime oil and gas producing assets located in the Gulf of Mexico’s central and eastern shelf region. These assets were acquired from an anonymous private seller for a gross consideration of […]
Nauticus Robotics, Inc. (NASDAQ: KITT), a pioneering developer of ocean robots and artificial intelligence for offshore industries, announced a service contract with Shell plc (NYSE: SHEL). The initial deal includes inspection services for a Shell subsea field in the Gulf of Mexico. This partnership is a result of Nauticus Robotics successfully completing a qualification phase […]
Hurricane Idalia, an unparalleled weather monster, wreaked catastrophic damage in Florida before setting its menacing sights on neighboring Georgia. Florida was rocked with a potentially devastating storm surge that shook coastal communities and left thousands powerless. Now downgraded to a tropical storm, Idalia still poses a formidable threat as it dumps torrential rain of up […]
The US Department of the Interior (DOI) declared it will stage the first-ever offshore wind energy lease sale in the Gulf of Mexico. This move propels the Biden-Harris administration’s agenda to achieve 30 gigawatts (GW) of offshore wind energy by 2030 and accomplish a carbon-free electricity sector by 2035. Slated for August 29, 2023, the […]