News

  • Alaska receives six bids in oil and gas lease sales

    Alaska’s Division of Oil and Gas received six bids covering 14,080 acres and totalling US$467,609 in bonus bids from two bidders, according to preliminary results from the Fall 2021 North Slope, Beaufort Sea, and North Slope Foothills oil and gas lease sale held on the…

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  • People in the News

    McGriff adds Alliant marine specialist Lewis McGriff has hired marine specialist Andy Lewis from Alliant to its national transportation practice.   Fidelis hires market veteran Russell from Lancashire as marine head Fidelis Insurance has continued its recent marine expansion drive with the hire of Paul…

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  • Permian Sees 70 Percent Drop in Methane Emissions Intensity

    Methane emissions intensity in the Permian Basin has dropped almost 70 percent between 2011 and 2020, even as oil and gas production rose by over 320 percent.   That’s according to an analysis by Texans for Natural Gas (TNG), a project of the Texas Independent Producers and Royalty Owners Association (TIPRO). The analysis also highlighted that…

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  • Shell resumes oil exports at Mars and Ursa in the Gulf of Mexico

    Shell Offshore Inc has safely and successfully re-started production at its Mars and Ursa platforms in the US Gulf of Mexico and began exporting oil and gas through the West Delta-143 (WD-143) “A” facility.   “Our Hurricane Ida recovery efforts are the latest example of…

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  • Jumbo completes Hornsea Two transport assignment

    Jumbo has completed the transport and handling of offshore wind turbine foundation components for Ørsted’s Hornsea Two wind farm in the UK North Sea.   Supporting DEME Offshore, the company deployed its K-3000 class heavy lift vessel Fairmaster to transport 141 monopiles (MPs) and 131…

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  • Airlines act as if US$80 oil is heading higher

    Fresh from losing billions of dollars from bad oil-price hedges because of Covid, many of the world’s airlines are once again trying to protect themselves from soaring fuel costs.   European carriers including Lufthansa Group, Air France-KLM and Ryanair Holdings Plc have said in recent…

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