Offshore Drilling – The News Desk

Chevron Warns of Billions in Charges From California Challenges, Gulf of Mexico Assets

2Jan

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World

Chevron Warns of Billions in Charges From California Challenges, Gulf of Mexico Assets

Chevron said it will book $3.5 billion to $4 billion in charges for the fourth quarter, citing challenges tied to regulations in California and previously sold oil and gas production assets in the Gulf of Mexico.Chevron said it will impair a portion of its U.S. upstream assets, mostly in California, due to regulatory challenges in the state that have led to “lower anticipated future investment levels in its business plans.” Chevron said it will continue to operate the affected assets for many years.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Karoon Energy to Buy Stake in 2 U.S. Oil, Gas Fields for US$720 Million

15Nov

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World

Karoon Energy to Buy Stake in 2 U.S. Oil, Gas Fields for US$720 Million

SYDNEY—Karoon Energy said it would buy stakes in two U.S. offshore oil and gas fields for US$720 million plus costs, adding operations in the Gulf of Mexico to reduce its current reliance on Brazil.Australia-listed Karoon said it will own a 30% interest in the Who Dat and Dome Patrol oil and gas fields offshore Louisiana, along with associated infrastructure and some exploration acreage, when the deal completes.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Woodside Energy Lifts 3Q Revenue 6% Despite Lower Realized Prices

17Oct

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World

Woodside Energy Lifts 3Q Revenue 6% Despite Lower Realized Prices

SYDNEY—Woodside Energy said third-quarter revenue rose by 6% compared to the prior three months reflecting higher production, but lower realized prices.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

The Biden administration plans to schedule three oil and gas lease sales in the Gulf of Mexico over the next five years, a reversal of the president's campaign promise to stop new offshore drilling under his administration.

30Sep

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World

The Biden administration plans to schedule three oil and gas lease sales in the Gulf of Mexico over the next five years, a reversal of the president's campaign promise to stop new offshore drilling under his administration.

The Biden administration plans to schedule three oil and gas lease sales in the Gulf of Mexico over the next five years, a reversal of the president’s campaign promise to stop new offshore drilling under his administration.