U.S. oil majors Exxon Mobil Corp and Chevron Corp were among the top buyers at a federal auction of oil leases in the U.S. Gulf of Mexico on Wednesday that generated more than $190 million - the highest since 2019.The auction was a boon for federal coffers, but a potential setback for the climate policies of U.S.
The Biden administration's auction of oil drilling rights in the U.S. Gulf of Mexico generated more than $190 million in high bids, bringing in more money for taxpayers than any government offshore lease sale since early 2019.The Department of Interior auction came days after the U.S.
Exxon Mobil Corp's second floating production system for Guyana, the Liza Unity, arrived early on Tuesday in the South American country's waters, the U.S. oil company said.The production storage and offloading (FPSO) facility is expected to add 220,000 barrels per day (bpd) of oil capacity to Guyana's current 120,000-bpd output when it reaches maximum capacity.
Offshore drilling contractor Noble Corporation has sent a force majeure notice to its client Shell over the Noble Globetrotter II drillship contract after the rig was damaged earlier this week in the U.S. Gulf of Mexico in severe weather during Hurricane Ida. The 2013-built ultra-deepwater drillship has a contract with Shell lasting until early September 2023 at a flexible day rate of at least
The U.S. Coast Guard is investigating damage to a Noble Corp drillship hit by Hurricane Ida while operating in the Gulf of Mexico, a spokesperson said on Thursday.Nine crew members suffered minor injuries when the storm hit on Sunday, Noble said. Workers were treated onboard and four were taken to shore for evaluation
The U.S. Coast Guard said on Wednesday it is responding to a drillship that reportedly sustained damage as Hurricane Ida ripped through the Gulf of Mexico and into Louisiana as a Category 4 storm.The agency said it was notified during the storm that the ultra-deepwater drillship Noble Globetrotter II had been damaged
Union Pacific Corp container shipments from U.S. West Coast seaports to one of the railroad's major hubs in Chicago will restart early next week after a seven-day suspension, Chief Executive Lance Fritz told Reuters on Thursday.The railroad on Sunday night paused cargo shipments from the ports of Los Angeles, Long Beach
Elon Musk, a billionaire behind the SpaceX company, on Friday tweeted a video of a new Space X vessel named A Shortfall of Gravitas.SpaceX, or Space Exploration Technologies Corp, was founded by Musk back in 2002 to cut space transportation costs and eventually enable the colonization of Mars. It designs, manufactures and launches advanced rockets and spacecraft.
Temasek-backed Singapore conglomerate Keppel Corp and smaller rival Sembcorp Marine are exploring a potential tie-up which would see them combine their struggling offshore and marine (O&M) businesses after years of losses in an industry downturn.A successful deal would see Keppel spin off the new business into a listed entity and ultimately exit from the legacy business.
Chevron Corp and Occidental Petroleum Corp said on Thursday they were withdrawing staff and implementing storm precautions at their U.S. Gulf of Mexico offshore facilities ahead of a brewing tropical storm.A weather disturbance over the Gulf of Mexico could become a tropical storm by Friday and take aim at the Louisiana and Mississippi coasts, the U.S. National Weather Service said on Thursday.
Royal Caribbean Group and Carnival Corp will push ahead with a return to cruises this summer despite two guests onboard Royal Caribbean’s Celebrity Millennium ship testing positive for COVID-19.A year after several cruise ships were host to major coronavirus outbreaks and with large numbers of Americans now vaccinated, cruise lines have been striving to get the business going.
Container shipping giant MSC Mediterranean Shipping Company doubled down on its position to avoid sending its vessels through the Northern Sea Route and urged others to follow suit, citing environmental concerns.“As a responsible company, this was an obvious decision for us,” said MSC CEO, Soren Toft.