Category: Offshore

Oil companies bid big bucks for Gulf drilling rights

Oil and gas companies pledged hundreds of millions of dollars for drilling rights in the Gulf of Mexico on Wednesday, during a high-stakes auction that demonstrated their enthusiasm for offshore development and marked BP’s return to the bidding after a suspension related to the Gulf oil spill.  More »

BP makes first bids on Gulf drilling rights since post-spill suspension

BP is bidding on new drilling rights in the Gulf of Mexico for the first time in nearly two years, after a government contract suspension forced the oil giant to sit out on three government auctions of the territory.  More »

Fewer firms submit bids in offshore Gulf auction

Forty-two oil and gas companies will make plays for new Gulf of Mexico territory on Wednesday, in a closely watched, high-stakes auction of U.S. drilling rights that is viewed as a test of the industry’s appetite for offshore projects despite a drilling boom that is unfolding mostly on land.  More »

Energy tie to Malaysian jet mystery? (video)

Did an oil rig worker see the Malaysian jet going down?  More »

BP to separate US onshore business as it cuts assets

BP is planning to split its U.S. onshore oil and gas business into a separate company by next year, a bid to become more competitive with smaller rivals that dominate the region’s shale reservoirs, executives said Tuesday.  More »

Feds unveil study paving way for oil and gas research in Atlantic

The Obama administration on Thursday is setting the framework for a new generation of oil and gas research off the East Coast — and potential drilling in those Atlantic waters a decade from now — by releasing an environmental study of seismic surveys to pinpoint those energy resources.  More »

Pacific Drilling to make first shareholder payout

Pacific Drilling announced Wednesday that it would make its first distribution to shareholders of $152 million, saying that five consecutive quarters of solid growth has driven the move.  More »

Critics take aim at upcoming federal report on Atlantic drilling

The Obama administration is on track this week to release a final environmental analysis that would help pave the way for the first seismic studies in decades to pinpoint oil and gas off the East Coast, as well as potential drilling in the 2020s.  More »

Transocean’s fourth-quarter profit drops

The company also announced Wednesday that it awarded contracts worth $1.2 billion for construction of two new ultradeep-water drillships.  More »

Federal regulators move to hike cap on oil spill liabilities

The Obama administration on Friday took the unprecedented step of moving to hike the amount companies must pay for oil spills, following a congressional deadlock on the issue nearly four years after the Deepwater Horizon disaster.  More »

A highly positive initial reaction to Google Glass from the oil & gas industry…and some skepticism too

I shouldn’t have been surprised then that, despite the highly positive response I received towards my efforts, there were some skeptical comments, most revolving around the possibility of even taking Glass out into the field. Today still, cell phones for instance aren’t allowed in certain field areas: there would be catastrophic HSE consequences if a signal accidentally triggered a piece of equipment like a wireline gun.  More »

First video of Google Glass application for oil & gas

In my post last week, I promised that I would shortly show my first attempt at demonstrating just how useful Google Glass can be when it is used in the oilfield.  Well, it’s been many hours of research and debugging, but the first demonstration is ready! In this YouTube video, I show you how Google […]  More »