The U.S. government on Friday received just a single bid, from Hilcorp Alaska, for oil and gas drilling rights off the coast of Alaska the first federal auction in the region in more than five years.The offer of nearly 1 million acres in the Cook Inlet was among the concessions to the oil and gas sector included in President Joe Biden's signature climate change law
A walrus was spotted in the northern French port of Dieppe in Normandy, miles away from its natural habitat around the arctic circle, local French authorities said on Saturday.The sea mammal, usually found in Greenland, Russia or Alaska, did not show any sign of ill health, the local prefecture said in a statement.
Yemen's HSA Group on Thursday became the first private entity to pledge funds for a United Nations operation to avoid an oil spill from a tanker stranded off the coast of Yemen, as the U.N. urgently tries to secure an initial requirement of $80 million.The international organization, which has so far raised over $60 million, has warned that the Safer
President Joe Biden's administration on Friday unveiled a five-year proposal for offshore oil and gas development in areas of existing production, and said the final plan may have anywhere from zero to 11 lease sales.The range of options, between two auctions a year and none at all
The Biden administration on Thursday delayed the rollout of a proposed five-year offshore oil and gas development plan that had been promised by the end of the month, according to sources.Interior Department Secretary Deb Haaland in May had vowed to unveil the draft proposal ahead of the June 30 expiration of the current plan.
A Norwegian Cruise Line ship has canceled the remainder of its voyage and will return to Seattle after striking an iceberg off the coast of Alaska on Saturday.The Norwegian Sun was transitioning to Hubbard Glacier in Alaska when the ship made contact with a small iceberg. No injuries were reported.
Members of the North and Standard Clubs have voted to approve the merger between the two marine insurance firms, creating one of the largest providers of mutual cover in the maritime industries.The P&I clubs, which revealed plans to merge earlier this year, each held special general meetings on May 27 where members voted to greenlight the move to join forces as a single, larger mutual insurer.
Erik Milito, president of the U.S. National Ocean Industries Association, said this week that the U.S. government's decision not to hold offshore oil and gas lease sales in the Gulf of Mexico and Alaska’s Cook Inlet was expected, but also "devastating to Americans.""This decision is not surprising at all.
The Biden administration on Wednesday said it would scrap three planned sales of offshore oil and gas leases in Alaska and the Gulf of Mexico.In a statement, the Department of Interior said it was not moving forward with an auction for drilling rights in the Cook Inlet off the coast of Alaska "due to lack of industry interest in leasing in the area.
A unified command consisting of the U.S. Coast Guard, Alaska Department of Environmental Conservation, and Western Towboat, continues to lead the response efforts for the grounded tug in the Neva Strait, which initially occurred Monday morning.The tug owner, Western Towboat, contracted Hanson Maritime, SEAPRO
Yemen's Houthi movement has signed an agreement with the United Nations to deal with a decaying oil tanker threatening to spill 1.1 million barrels of crude oil off the war-torn country's coast, a Houthi official said.U.N. aid chief Martin Griffiths said last month that there was an agreement in principle to shift the oil from the tanker Safer to another ship. He gave no timeline.
As offshore market activity recovers and continues to increase through the next decade, as we expect it to, oilfield service (OFS) capacity is expected to tighten.As offshore market activity recovers and continues to increase through the next decade, as NorthStone Advisors expect it to, oilfield service (OFS) capacity is expected to tighten.