This auction, covering over 72.7 million acres on the Outer Continental Shelf, includes areas previously earmarked for protection due to the habitat of the endangered Rice's whale.

Utilizing a subsea tieback to the nearby Ursa production hub, this deepwater project has proven to be a productive investment for Shell.

This final investment decision (FID) marks the initiation of a strategic campaign to deliver three wells, with the primary goal of augmenting production at the Perdido spar, situated approximately 200 miles south of Galveston, Texas, in waters around 8,000 feet deep.

The incident involves an underwater pipeline operated by Main Pass Oil Gathering Co (MPOG) that has experienced a leak.

The U.S. Court of Appeals for the 5th Circuit decided to stay the September ruling pending an appeal, with oral arguments scheduled for November 13 in New Orleans, as stated in a court document.

This contract represents TechnipFMC's most substantial flexible pipe award in the Gulf of Mexico to date, further solidifying the strong and enduring partnership between the two entities built on years of successful project execution and delivery.

Baker Hughes' data reveals a year-on-year decline of 178 rigs in North America, with the U.S. accounting for the majority of the decrease, shedding 143 rigs, while Canada saw a drop of 35 rigs during the same period.

Initially planned for September 27, 2023, the sale will now take place on November 8, 2023.

This departure comes just weeks after the resignation of BP's global CEO, Bernard Looney.

North America saw a decline in the number of rigs week on week, according to Baker Hughes' latest rotary rig count published on September 22.