Category: Offshore

Activists in kayaks on horizon as Shell’s Arctic rig arrives at Washington port

Activists opposed to Arctic drilling are preparing to greet the rig when it makes it to Emerald City, with some threatening a flotilla of kayaks to box the ship in.  More »

Sixth Chevron drillship arrives in the Gulf of Mexico

The drillship, called the Deepwater Asgard, will work in the Mississippi Canyon under a two-year contract with Transocean, a Swiss rig contractor  More »

AP: Offshore wells buried during Hurricane Ivan have been leaking oil into the Gulf since 2004

An Associated Press investigation has revealed evidence that the spill is far worse than what the company behind the leak has publicly reported.  More »

Shell exec: U.S. risks losing drilling dollars to Brazil, Canada and Mexico

The Obama administration’s plan for selling offshore oil and gas leases from 2017 to 2022 could jeopardize the United States’ competitiveness as Brazil, Canada, Mexico and other countries aggressively compete for drilling dollars, a Shell executive told Congress.  More »

Feds unveil plan for keeping offshore oil wells in check five years after Gulf spill

The measure codifies many of the steps that companies have already taken to better keep offshore wells in check, including more rigorous maintenance and testing of the blowout preventers that act as a last line of defense against uncontrolled surges of oil and gas.  More »

Noble Energy doubles down in Falkland Islands

The Houston-based oil company announced Monday that it has scooped up additional acres offshore the Falkland Islands and plans to start drilling there this year despite opposition from Argentina’s government.  More »

Exxon might be next in line for mega deal, analysts say

Exxon Mobil Corp. could be the next big oil firm to pull off a major corporate takeover like Royal Dutch Shell’s $70 billion bid this week for BG Group, Morgan Stanley analysts say.  More »

Houston oil company among five caught in legal battle over new U.K.-Argentina Falkland Islands fight

Argentina filed criminal charges Thursday at the general prosecutor’s office in Buenos Aires against five U.K. and U.S. oil companies.  More »

The Atlantic Ocean could have one of its quietest hurricane seasons in years

About 4 percent of U.S. natural gas and 17 percent of oil production is centered in the Gulf.  More »

Statoil makes Gulf of Mexico discovery

Statoil and its partners have struck oil in the Gulf of Mexico, but more work is needed before the Norwegian oil company can determine the size of the discovery.  More »

Shell’s BG deal adds to North Sea job concern after oil collapse

Shell, employing about 2,400 across the North Sea, targets $2.5 billion of pretax “synergies” a year across the globe from the deal, including staff cuts.  More »

Noble Energy cuts 220 jobs

Noble Energy has slashed 220 jobs, the company announced Tuesday, joining a growing list of oil firms trimming their rolls as they struggle to rein in spending amid falling oil prices.  More »

Mexico’s energy regulators are hopeful the crude crash won’t spoil their first oil-rights auction

Mexican energy regulators on Tuesday expressed confidence that low oil prices won’t suppress activity as the country auctions exploration and production rights for the first time in more than 75 years.  More »

Tensions ignite on East Coast as White House weighs Atlantic drilling

The prospect of a new generation of Atlantic drilling is stirring a heated debate up and down the East Coast.  More »

Pemex says it will meet deliveries despite massive oil platform explosion

Four workers died including one from Mexican oil services provider Cotemar SA and 16 others were injured Wednesday after a fire on the Abkatun platform in the Gulf of Mexico.  More »
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