Industry News

Chevron Announces Oil Discovery in Deepwater U.S. Gulf of Mexico

SAN RAMON, Calif.--(BUSINESS WIRE)--Jan. 6, 2015-- Chevron Corporation (NYSE:CVX) today announced a significant oil discovery at the Anchor prospect in the deepwater U.S. Gulf of Mexico. Anchor is Chevron’s second discovery in the deepwater Gulf in less than a year. The Anchor well was drilled by Pacific Drilling's Pacific Santa […]

Chevron Announces Gulf of Mexico Discovery

Posted on January 6, 2015 at 10:28 am by Ryan Holeywell HOUSTON — Chevron Corp. said it’s made a significant discovery in the Gulf Of Mexico about 140 miles off the coast of Louisiana. But the company did not announce the volume of reserves believed […]

Oil price extends drop below $50

By Laura Barron-Lopez - 01/06/15 08:29 AM EST The price of oil extended its decline on Tuesday with both Brent and U.S. crude oil benchmarks trading at their lowest levels since 2009. The continued decline follows a plummet in oil prices on Monday, the Wall […]

Oil companies slow spending at rapid pace

Crude production, though, unlikely to slow and will keep prices low By Chris Tomlinson | January 2, 2015 Oil company executives are finally heeding the advice T. Boone Pickens gave back in October: Stop drilling. The rig count is dropping at a precipitous pace, capital […]

New Senate chairmen aim to undo Obama’s policies

Posted on January 5, 2015 at 7:02 am by Associated Press WASHINGTON — Republican senators poised to lead major committees when the GOP takes charge are intent on pushing back many of President Barack Obama’s policies, setting up potential showdowns over environmental rules, financial regulations […]

GOP prepares Keystone blitz

By Laura Barron-Lopez Republicans are putting the Keystone XL pipeline at the top of the agenda as they seek to move a stack of legislation to President Obama’s desk in 2015. Incoming Senate Majority Leader Mitch McConnell (R-Ky.) has promised that a vote on approving […]

NOIA Comments on New BOEM Director

For Immediate Release: Thursday, December 18, 2014 Contact:  Nicolette Nye, (202) 465-8463,  NOIA Comments on New BOEM Director  Washington, D.C. – National Ocean Industries Association President Randall Luthi today issued the following statement regarding selection of Abigail Hopper as Director of the Bureau of Ocean Energy […]

NOIA Statement on Bristol Bay Action

For Immediate Release: Wednesday, December 17, 2014 Contact:  Nicolette Nye, (202) 465-8463,  NOIA Statement on Bristol Bay Action Washington, D.C. – National Ocean Industries Association President Randall Luthi issued the following statement regarding President Obama’s action on Bristol Bay:  “It is hard to understand President Obama’s […]

Louisiana would get big economic boost from eastern Gulf of Mexico drilling, report says

By Jennifer Larino, | The Times-Picayune on November 20, 2014 at 1:05 PM, updated November 20, 2014 at 9:46 PM Louisiana stands to gain more than 31,000 jobs and nearly $344 million per year in new state revenue over the next two decades if […]

Rigzone- Studies Highlight Job, Economic Potential of Expanding US Offshore Leasing

by Karen Boman| Rigzone Staff| Wednesday, November 19, 2014 The United States could create almost 840,000 jobs and generate more than $200 billion in government revenue by opening the eastern Gulf of Mexico and U.S. Atlantic and Pacific Outer Continental Shelf (OCS) to offshore oil […]
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