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Atwood Oceanics expects quarterly revenues to decline from the same time last year, and it may take a multi-million dollar impairment charge on another rig, as the lingering oil slump continues to batter offshore contractors.
The head of the oil industry’s top lobbying group says the U.S. is an emerging global energy powerhouse, and can can grow even stronger if the federal government imposes fewer regulations.
Late last year a second major oil company was forced to abandon plans to drill in the Arctic Ocean off the coast of Alaska – and irresponsible, high-fiving anti-development activists, most of whom live thousands of miles away and will not be affected, could not be more thrilled. But for those who live close by, the ones […]
With crude prices stuck firmly below $40 a barrel, and energy companies predicting another austere year in 2016, here’s a look back at some of the most popular stories that appeared on FuelFix.com this year.
The Polar Pioneer cancellation marks the second for Transocean this month.
Mexico’s 2015 oil production is the lowest since at least 1990, when the government began recording output, and is more than 100,000 daily barrels below the original 2.4 million daily barrels forecast for the year by Chief Executive Officer Emilio Lozoya.
Embattled offshore driller Paragon Offshore has been removed from the New York Stock Exchange for abnormally low price levels, the latest energy firm to have trading suspended on the exchange following a collapse in oil prices.
Statoil is studying the use of unmanned platforms, which are new to Norway but have been used in Denmark and the Netherlands, for other projects, including at the giant Johan Sverdrup field, Aasheim said.
By resolving the final sticking points in the anti-trust dispute, the Houston-based oil company can begin pressing forward with plans to expand the Tamar and develop the Leviathan.
Paragon Offshore’s listing could get dropped from the New York Stock Exchange if the Houston-based offshore driller is unable to continue adhering to the exchange’s listing standards.