There are currently 269 floating production units, such as oil platforms and vessels that can collect oil from deep-sea wells, up 22 percent from five years ago and nearly 80 percent higher than in 2003, according to the International Maritime Association. More »
Brazilian energy officials visited Houston Thursday to talk up an upcoming auction of offshore oil leases, hoping to attract foreign investment for a new field estimated to hold as much as 12 billion barrels of hydrocarbons. More »
BP Plc, ConocoPhillips and Statoil ASA (STL) are among oil explorers investing at least $3 billion in wells off Angola next year in the country’s biggest deepwater drilling campaign, Wood Mackenzie Ltd. said. More »
It’s definitely been a rough couple of weeks for everyone in the oil & gas industry. On almost exactly the same day, a blowout lead to the total destruction of a jackup rig in the Gulf of Mexico, and Halliburton admitted to destroying after the Macondo incident cementing-related data. Add to that the death of George Mitchell, and you have one pretty sad month of July, one that I definitely would like to put behind me. More »
Companies prospecting for oil off California’s coast have used hydraulic fracturing on at least a dozen occasions to force open cracks beneath the seabed, and now regulators are investigating whether the practice should require a separate permit and be subject to stricter environmental review.
All eight lawyers who work at Bell, Ryniker & Letourneau in Houston have joined the Philadelphia-based law firm of Blank Rome. More »
Hercules Offshore says it does not know yet how badly one of its Gulf of Mexico rigs was damaged in a blowout and fire last week, and cannot take a close look until a relief well permanently kills the one that blew out. More »
Last week’s blowout on a natural gas rig off the Louisiana coast could shift regulators’ focus to shallow-water drilling and make an overhaul of safety equipment regulations more likely. More »
An oil spill that has marred a tourist island in the Gulf of Thailand has spread to nearby smaller isles, officials said Wednesday, as authorities raced to clean up the island’s once-white sands and clear waters. More »
Anadarko Petroleum Corp. reported $929 million in second-quarter profit, compared with a loss of $89 million for the same quarter last year, as improvements in its drilling performance led to five deep-water discoveries. More »
For most of the country, the greatest potential for wind energy lies offshore. Developers are pushing ahead with projects on the East Coast and elsewhere despite environmental concerns about fishing habitats, migratory bird paths and even the seaside views valued by tourists and coastal residents alike. More »
Offshore equipment provider Cameron reported a 20 percent decrease in profits, as increased drilling system sales were offset by growing costs and a slowdown in unconventional onshore equipment.