Offshore GOM Operators Returning to Normal
Offshore oil and gas operators in the Gulf of Mexico are resuming normal operations following tropical storm Barry.

Offshore oil and gas operators in the Gulf of Mexico (GOM) are resuming normal operations following tropical storm Barry, according to the Bureau of Safety and Environmental Enforcement (BSEE).



Oil Advances as Gulf Tensions Remain Elevated
Oil extended gains as tensions in the Persian Gulf remained elevated after Iran seized a British tanker.

(Bloomberg) -- Oil extended gains as tensions in the Persian Gulf remained elevated after Iran seized a British tanker, and Libyan fell after an unidentified group reportedly shut the country’s largest field.



Oil Advances Most in a Week
Oil rises the most in more than a week as Iran's seizure of a British oil tanker fuels concerns about escalating tensions in the Middle East.



Icahn Slams Oxy, CEO's Warren Buffet Deal
Occidental's leaders hastily put together its $38B deal for Anadarko in a job-preserving bid to stave off a takeover itself, according to activist investor Carl Icahn.



Libya Oil Production Set to Recover
Libyan oil oil rig flanges gulf coast production is set to recover from a five-month low as the North African supplier's biggest field restarts following a brief halt.



Oil Leaps as Persian Gulf Tensions Increase
Oil climbs after Iran's Revolutionary Guard Corp said it seized a British-flagged tanker in the Strait of Hormuz, raising stakes in the critical oil chokepoint.



US Drops Five Oil Rigs
The U.S. saw another week of rig declines, according to Baker Hughes, a GE Company.

The U.S. saw another week of rig declines, shedding five oil rigs, according to weekly data from Baker Hughes, a GE Company.



Scotland Boosts Decommissioning Fund
The Scottish government has revealed that $5 million of funding is being made available as part of the fourth round of the Decommissioning Challenge Fund.



Brazil Leads Upcoming FPSO Growth
Brazil leads the global deployment of planned and announced FPSO vessels to 2025, according to GlobalData.

Brazil leads the global deployment of planned and announced (P&A) floating production, storage and offloading (FPSO) vessels to 2025, according to GlobalData.



US Warship Destroyed Iran Drone Near Strait of Hormuz
Trump said the U.S. "immediately destroyed" an Iranian drone that approached the USS Boxer near the Strait of Hormuz, the latest sign of escalating military tensions around the critical oil chokepoint.

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