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Offshore oil and gas operators in the Gulf of Mexico have evacuated a number of rigs and platforms in response to Tropical Storm Barry. The storm entered the Gulf of Mexico on 10 July, making landfall in Louisiana as a Category 1 hurricane on 13 July.

Energy company BP grappled with containing a massive oil leak on the floor of the Gulf of Mexico as officials prepared to open investigations Tuesday into the cause and long-term political affects of the spill.

the global coiled tubing market size is projected to reach USD 4.0 billion by 2025 from an estimated USD 3.0 billion in 2020, at a post COVID-19 CAGR of 5.8% during the forecast period. Stabilized oil prices have revitalized the exploration & production expenditures globally. This has led to increased investments in the enhancement of productivity of oil & gas wells. Furthermore, the global coiled tubing industry is driven by the upsurge in the oil & gas production by countries owing to rising demand from the Asia Pacific. Browse 245 market data Tables and 61 Figures spread through 264 Pages and in-depth TOC on "Coiled Tubing Market" Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=804 North America is estimated to be the fastest-growing market for coiled tubing during the forecast period. The region has been segmented, by country, into the US and Canada. The increasing shale oil & gas production in the North America region is driving the coiled tubing market. According to the BP statistical report for June 2019, the US is the top producer of oil, producing 15.3 billion barrels of oil, in 2018. Moreover, the country has been experiencing huge investments from upstream operators to increase the production from the depleting fields in Texas, Permian Basin, and the Gulf of Mexico, along with new drilling activities in ultra-deepwater locations in the Gulf of Mexico, which is likely to drive the North American coiled tubing market. The coiled tubing market, by service, is segmented into well intervention service, drilling service, and others. Others include minor services such as fishing, fracturing, wireline logging, and inspection. Well Intervention services is the fastest growing market by region and are also observed as new revenue pockets. These services are further sub-segmented as well cleaning & pumping operations and well completions & mechanical operations. The challenges faced by oilfield operators during the well comple

US stocks fell Tuesday after oil giant BP declared that its most promising effort yet to cap an oil leak in the Gulf of Mexico had failed.

President Barack Obama toured Louisiana's southern coastline Friday to survey what has become the worst-ever US oil disaster, as energy company BP's critical top-kill operation to cap the ruptured well in the Gulf of Mexico entered its third day.

US President Barack Obama Monday said that several months would be required to bring the environmentally disastrous oil spill in the Gulf of Mexico under control.

The US government is preparing for a months-long disaster in the Gulf of Mexico after the latest attempt by oil giant BP to plug a gushing well were declared a failure.

Federal officials responsible for inspecting and licensing offshore oil rigs in the Gulf of Mexico accepted lavish trips from offshore oil companies, according to an official federal report released Tuesday.

The PDC drill bits market is estimated to grow at a CAGR of 4.41% from 2018 to 2023, to reach a projected market size of USD 4.54 billion by 2023. This growth can be attributed to the increasing demand for production & exploration activities in the world, leading to an efficient oil & gas drilling. The PDC drill bits market is dominated by a few major players that are established brand names with a wide regional presence. The leading players in the PDC drill bits market include Schlumberger (US), BHGE (US), Halliburton (US), NOV (US), and Varel (US). The North American region is projected to account for the largest market share during the forecast period because of a higher rate of drilling activities owing to shale gas exploration & production. The North American region is estimated to be the fastest-growing market as well during the forecast period. Vast hydrocarbon resources in the US shale basins and continuous offshore drilling in the Gulf of Mexico are driving the demand for the market.

Stampede oil and gas project involves the development of the Pony and Knotty Head deepwater fields located in Green Canyon Blocks 468, 511 and 512 in the Gulf of Mexico. The fields are located at a water depth of approximately 3,500ft and 115 miles south of Fourchon, Louisiana.

British oil company BP was trying to raise an extra $50 billion to cover the cost of the devastating oil leak in the Gulf of Mexico, the weekly Sunday Times reported Sunday.

A massive crude-oil slick from an exploded rig in the Gulf of Mexico inched closer to the mouth of the Mississippi river late on Thursday as the government marshalled resources to protect fragile wetlands.

Government regulators are not required to conduct independent reviews of an oil rig's blow-out preventer, the fail-safe mechanism that failed to seal off the well that is now spewing crude oil into the Gulf of Mexico, it was revealed Tuesday.

The Jack / St Malo deepwater project comprises the joint development of the Jack and St Malo oilfields, which are situated in the Gulf of Mexico. The fields are located 40km away from each other.The Jack field lies in Walker Ridge blocks 758 and...

State-run Oil and Natural Gas Corporation (ONGC) chairman R.S. Sharma Thursday said the BP oil spill off the Gulf of Mexico has become a "game changer" for the hydrocarbon industry and will sharply increase insurance costs.

The British government is concerned that criticism towards energy company BP for its failure to curb the oil spill in the Gulf of Mexico may hamper the country's relationship with the US.

US President Barack Obama said BP was making progress in capping the massive oil leak in the Gulf of Mexico, but slammed the British energy firm for delaying claims payments to local fisherman while it hands out billions to investors.

Seismic data provider SeaBird Exploration has secured two offshore survey contracts, one in West Africa and one in the Gulf of Mexico.

The US Bureau of Ocean Management (BOEM) has proposed to offer blocks spanning 78 million acres for a region-wide lease sale scheduled for August 2019, in support of the US Government's Offshore Energy Strategy.