Offshore

HEADLINES: Hurricane Michael’s Effect On Oil, Gas Production

Plus, Exxon Mobil donates to a PAC promoting U.S. carbon tax, offshore drillers Ensco and Rowan agree to merge and Chevron exits Norway.

Oct 11 2018 - 2:25pm

Oil Producers Restore Operations In Storm-Tossed Gulf Of Mexico

Producers in the Gulf of Mexico lost about 1.7 million barrels of oil through Oct. 10 as a result of shut-ins from Hurricane Michael and the figure is expected to rise.

Oct 11 2018 - 11:05am

Chevron Becomes First Oil Major To Exit Norway

According to a letter obtained by Reuters, Chevron has agreed to transfer its 20% stake in an exploration license in the Arctic, called PL859, to Norway's DNO ASA.

Oct 10 2018 - 7:40am

Exxon Mobil, BP Pull Staff From GoM Ahead Of Hurricane Michael

Hess, Shell and Anadarko Petroleum said they were monitoring the storm and would take actions in the Gulf of Mexico as needed.

Oct 8 2018 - 12:15pm

Eni To Acquire Half Of BP's Libya Assets

BP CEO Bob Dudley hailed the deal with Italy's Eni as an important step "towards returning to our work in Libya."

Oct 8 2018 - 11:10am

Offshore Drillers Ensco, Rowan To Combine In $2.4 Billion Merger

The merger of offshore drillers Ensco and Rowan will result in the world’s largest jackup contractor with a combined enterprise value of $12 billion.

Oct 8 2018 - 9:15am

Exxon Mobil Reportedly Exploring Sale Of GoM Assets

Exxon Mobil is considering selling deepwater assets in the GoM that currently produce about 50,000 barrels per day of oil, unnamed sources told Reuters.

Oct 3 2018 - 7:30am

East Timor Buys ConocoPhillips' Stake In Sunrise Gas Field

Taking ConocoPhillips' 30% stake would help East Timor position itself to push for the development of Greater Sunrise, discovered in 1974 but development long delayed.

Oct 1 2018 - 10:05am

Equinor Acquires 40% Stake In Rosebank Project In North Sea

The commercial terms of the agreement, which is subject to customary conditions that include partner and authority approval, were not disclosed.

Oct 1 2018 - 9:07am

Shell, Chevron Bet Big In Last Brazil Oil Auction Before Elections

By offering all four offshore oil blocks, Brazil's cash-strapped government raked in $1.71 billion, days ahead of the most uncertain presidential vote in a generation.

Sep 28 2018 - 10:35am

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