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The state of Louisiana issued its first offshore oil and gas lease in 1936, and the following year the Pure Oil Company discovered the first Louisiana offshore oil field, the Creole Field, 1.2 miles (1.9 km) from the shore of Cameron Parish, from a platform built on timber pilings in 10-to-15-foot-deep (3.0 to 4.6 m) water.
The oilfield service sector is poised for more consolidation in 2025, according to Deloitte's 2025 Oil and Gas Industry Outlook, with President-elect Donald Trump expected loosen regulations on ...
A gas flame is seen in the desert near the Khurais oilfield, about 160 km (99 miles) from Riyadh. Ali Jarekji/Reuters OPEC+ faces a major oil oversupply in 2025, challenging production increases.
The Tiber Oil Field is a deepwater offshore oil field located in the Keathley Canyon block 102 of the United States sector of the Gulf of Mexico. The deepwater field (defined as water depth 1,300 to 5,000 feet (400 to 1,520 m), [ 2 ] ) was discovered in September 2009 and it is operated by BP .
The Atlantis oil field is the third largest oil field in the Gulf of Mexico. The field was discovered in 1998 and is located at the Green Canyon blocks 699, 700, 742, 743, and 744 in United States federal waters in the Gulf of Mexico about 130 miles (210 km) from the coast of Louisiana. The oil field lies in water depths ranging from 4,400 to ...
Although weak oil pricing and conservative capital spending by US explorers might have acted as headwinds in Q3, rising rig count in international market may have lent support to oilfield service.
Aug. 8—If the energy industry would quit firing all its employees at the first sign of a slump, it wouldn't be so hard to get going again when oil and gas prices rebound. That's the observation ...
Tanker Oliva offloading at LOOP. LOOP Pumping Platform Complex. The Louisiana Offshore Oil Port (LOOP) is a deepwater port in the Gulf of Mexico 29 kilometers (18 nautical miles) [1] off the coast of Louisiana near the town of Port Fourchon.