WorldOil LOOP completes first VLCC crude oil loading operation LOOP LLC has successfully completed the first very large crude carrier (VLCC) crude oil loading operation at its Deepwater Port, 18 mi offshore of Port Fourchon, La. Interior sets date for largest oil, gas lease sale in U.S. history In support of President Donald J. Trump's ‘America-First Offshore Energy Strategy,’ Deputy Secretary of the Interior David Bernhardt announced that the Department will offer 77.3 million acres offshore Texas, Louisiana, Mississippi, Alabama, and Florida for oil and gas exploration and development. U.S. oil exports go up a gear as supertanker sets sail for China The flood of U.S. oil exports stepped up a gear on Monday after the first fully laden supertanker sailed from an American port, alleviating a bottleneck that’s limited overseas shipments. Noble Energy exits Gulf of Mexico with $710-million sale of assets Noble Energy, Inc., has announced that its board of directors has authorized a $750-million share repurchase program. In addition, the Company has executed an agreement to sell its deepwater Gulf of Mexico assets to Fieldwood Energy LLC for a total value of $710 million. America's supertanker terminal set to export oil for first time The flood of crude leaving the U.S. could be about to get a major boost: the nation’s top imports terminal is testing one of the industry’s biggest tankers to load an export cargo for the first time. Producing gas well total declines slightly The number of active, producing U.S. gas wells slipped 1.6% last year, from 501,535 to 493,421, although, according to the EIA, the country’s gross gas withdrawals hit an 11-year high at 95.8 Bcfd last November. Number of active U.S. oil wells remains consistent The number of active, producing oil wells in the U.S. remained relatively stable, dropping slightly last year, despite a significant increase in drilling from 2016 into 2017. U.S. shale drives rig count recovery in 2017 With oil prices on the rise in 2017, operators added drilling rigs back to many areas of the U.S. A landmark year for the oil and gas industry The last 12 months in Washington, D.C., have been incredibly positive for the U.S. oil and gas industry. What's New in Exploration Successful exploration is the art of managing failure