ropical Storm Francine forced some oil drillers to halt production and evacuate crews as it barreled through the Gulf of Mexico, and was expected to strengthen to a Category 2 hurricane as it heads toward the coast of Louisiana.
Two people died and one remains missing after an explosion and fire at a Petroleos Mexicanos (Pemex) natural gas platform in the Gulf of Mexico early Friday, the company said.
In the US waters of the Gulf of Mexico alone, there are 14,000 unplugged, non-producing offshore oil wells, according to a new study, which could cost $30bn to decommission.
Transocean ordered the two drillships in February 2014, agreeing to pay $540 million for each of the vessels. Sembcorp said it would deliver the rigs in 2017 and 2018.
Oil rose as China took more steps to unwind its Covid Zero policy and freezing weather across the US prompted refinery closures in the vital Texas Gulf Coast area.
The US Coast Guard has released images of a rescue of a trio of workers after a helicopter ditched in the Gulf of Mexico after attempting to land on an oil rig.
The top finance boss at BP (LON: BP) said the firm is assessing the best oil and gas opportunities in its global portfolio for next year, but said the firm “won’t ramp up” without a secure supply chain.
Energy services giant Petrofac (LON: PFC) and Promethean Decommissioning Company (PDC) have formed an alliance to decommission three fields offshore Gulf of Mexico.
A new wave of oil platforms is sweeping into the US Gulf of Mexico as crude prices are riding historic levels and demand for barrels is higher than ever.