Tugboats Aiviq and Nanuq, seen from a Coast Guard HC-130 Hercules, tow the Kulluk drilling unit 116 miles southwest of Kodiak City, Alaska, on Sunday. (U.S. Coast Guard photo by Petty Officer 3rd Class Chris Usher.)

Drilling rig set to weather fierce storm in small Alaska port

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Facing 63-mph winds and 28-foot seas on Monday, two tugboats were towing Shell’s Kulluk drilling rig to safe harbor to weather the fierce storm in the Gulf of Alaska.

Clinton taken to hospital with bloodclot

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US secretary of state’s spokesman said her doctors discovered the clot during concussion follow-up on Sunday and she was admitted to hospital
Categories: Uncategorized

Wall Street rallies on fiscal cliff hopes

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Stocks on Wall Street shot higher as details of a tentative deal to avoid the looming fiscal cliff started to emerge
Categories: Uncategorized

Obama says US budget deal ‘within sight’

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A budget deal to avoid tipping the US economy over the fiscal cliff is “within sight” but not yet done, President Barack Obama said on Monday afternoon
Categories: Uncategorized

Netflix doubles chief’s pay to $4m

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The streaming and DVD subscription service has doubled the notional pay of chief executive Reed Hastings to $4m for 2013
Categories: Uncategorized
shallow-water-jack-up

McMoRan Exploration has “limited success” in ultradeep well

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Mineral blockages at Davy Jones No. 1, an ultradeep shallow water well in the Gulf of Mexcio, have caused trouble for McMoRan Exploration.
Allen Vineyard, right, reviews safety procedures with colleagues Brad Ladner, left, and Gregory Boyte. Recruiters are countering the image of a grim life out on a rig. (Photo: Ken Childress)

Demand for offshore rigs up, while onshore count keeps falling

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While demand for onshore rigs declined as the result of less natural gas drilling, demand for offshore rigs continues to flourish, as the push to drill in the Gulf of Mexico continues to the rig count increase there, industry analysts said Monday.
(Jennifer A. Dlouhy/The Houston Chronicle)

Report: Coal, natural gas remain key sources of energy

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A new report says that while oil is still king, coal and natural gas remain key global energy sources, particularly as fuel for electricity generation.
Categories: Coal, Crude oil

Senegal names Elenilto operator of Offshore Sud

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Elenilto is named operator of the Senegal Offshore Sud Shallow Oil block production sharing contract. Petrosen will have a minority participation interest.
Categories: Offshore

Hyperdynamics completes sale of interest offshore Guinea

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Hyperdynamics Corp. subsidiary SCS Corp. has completed the sale to Tullow Guinea Ltd. of 40% gross interest in its exploration concession offshore Guinea.
Categories: Offshore