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for Gulf of Mexico

Offshore Oil Faces Uncertain Future
Even in the medium-term, the interest in offshore drilling is looking shaky.

Shale Slows Amid Financial Pain, But Offshore Drilling Picks Up
Production gains cannot mask the problems facing the shale industry, but the offshore sector is seeing an increase in activity.

Barry Rocks Gulf of Mexico Oil Production
Shuttered Gulf of Mexico production during Tropical Storm Barry offers a reminder of the vulnerability of the region’s energy infrastructure to weather events.

In Venezuela, Maduro’s Grip Threatened as Oil Industry Breakdown Continues
Backed by a host of Latin American countries and the United States, Juan Guaido's declaration of himself as the legitimate president of Venezuela represents the sternest test Maduro has faced to his hold on power—and the oil market has already felt the effects.

New Discoveries, Cost Reductions Spur Deepwater Interest
A series of recent deepwater discoveries has demonstrated that the offshore oil sector is beginning to rebound after years of subdued activity, despite increasing interest in onshore shale drilling.

Interior Looks to Revamp Offshore Access and Permitting
Speeding up the process is good news for the industry in that there are plenty of untapped offshore reserves. However, many companies may choose to withhold capital investment given the current low-price environment and typical long-cycle investment in offshore production.

Low Oil Prices Force Industry to Spurn Gulf of Mexico Lease Sale
The results from the BOEM's auction this week were disappointing. The weak interest in the Gulf of Mexico from the industry stems mostly from the current low oil price environment.

Obama Administration Flip-Flops on Atlantic OCS Lease Sales
In a major reversal, the Obama Administration switched tactics today on offshore drilling on the Atlantic outer continental shelf (OCS), changing its previously announced plan to allow for bidding on mid-Atlantic OCS blocks during the 2017-2022 planning period.