Gulf Of America News

Rigs drilling beneath the deep waters of the Gulf of Mexico will drive U.S. oil industry growth this year and next as onshore production slows due to lower prices and maturing shale fields, and analysts and consultants expect the trend to continue as new technology and friendly regulations attract investment offshore.The offshore oil and gas sector took a backseat to shale in recent years because drilling at sea requires years of construction work and higher upfront investments. Entry costs were lower for shale production and returns quicker, so rapid expansion in shale made the U.S.

The Bureau of Ocean Energy Management (BOEM) announced the Gulf of America Regional Outer Continental Shelf Oil and Gas Lease Sales and Post-Lease Activities Final Programmatic Environmental Impact Statement, a milestone in advancing the Trump administration’s American Energy Dominance agenda. The notice of availability will publish in the Federal Register on August 29. The environmental impact statement analyzes the potential impacts of a representative oil and gas lease sale and post-lease issuance activities in available areas of the Gulf of America.

The National Ocean Industries Association (NOIA) issued the following statement from President Erik Milito in response to the release of the revised Gulf of America Biological Opinion by the Trump administration:“We appreciate the Trump administration’s timely efforts to improve a Biological Opinion that was originally developed through a flawed, opaque process. Their willingness to revisit and revise the document reflects a strong commitment to restoring scientific rigor and regulatory balance.“As we continue reviewing the new opinion…

A joint venture project developing the first marine fuel facility for liquefied natural gas in the U.S. Gulf Coast has secured final permits and construction is expected to begin later this year, executives involved said on Monday.The global shipping industry has been looking for fuel solutions to cut carbon emissions, with LNG seen as a cleaner alternative.U.S. President Donald Trump's administration is seeking to expand LNG exports to help reduce Europe's dependency on Russian gas after Moscow's invasion of Ukraine three years ago.U.S. LNG can be used as a marine fuel in U.S.

Texas-based subsea oil and gas equipment supplier Trendsetter Engineering has marked the first deployment of its Trident 20,000 psi (20K) intervention system at Beacon Offshore’s Shenandoah project in the Gulf of America.The Trident 20K intervention system was deployed from Transocean’s Deepwater Atlas drillship for a two-well flowback operation at the deepwater Shenandoah project.Trendsetter wet-hopped the Trident 20K system between wells, significantly reducing operational costs and saving the client several days of critical path rig time.

The U.S. Interior Department on Friday said it would begin taking public input for a new five-year offshore oil and gas leasing program that could include new zones in the Arctic and elsewhere to maximize energy development.President Donald Trump has ordered government agencies to identify ways to increase already record high U.S. oil and gas production, arguing past administrations had unnecessarily curtailed drilling to combat climate change. He had also repealed former President Joe Biden’s efforts to block oil drilling in the Arctic and along large areas off the U.S.

Seatrium and BP have signed the Memorandum of Understanding (MOU) in preparation for a second project, the Tiber Floating Production Unit (FPU), in the U.S. Gulf of America.Under the MOU for the Tiber project, Seatrium would provide services to carry out the engineering, procurement, construction, and commissioning (EPCC) of an FPU designed to support the development of BP’s deepwater assets in the U.S. Gulf of America.The Tiber FPU would be equipped with advanced technologies to enhance operational efficiency and safety…