Category: Offshore

ConocoPhillips sees first oil from Norwegian startup field

The company is pumping new barrels of oil in Norwegian waters as oil prices have fallen by more than half since June.  More »

BP turns on oil flow at North Sea field

The Kinnoull field at its peak should be able to flow 50,000 barrels of crude a day, the British oil giant said Tuesday.  More »

Regulations would expand coastal California sanctuaries

The designation would bar oil and gas production off Northern California’s Marin and Sonoma counties.  More »

Oil drillers are under pressure to scrap rigs to cope with downturn

More than 200 new rigs are scheduled to be delivered in the next six years, a 25 percent jump from the number currently under contract.  More »

Marathon evacuates personnel from two North Sea platforms

About 75 workers were transferred to shore from the Brae Alpha and Brae Bravo platforms.  More »

Statoil makes small North Sea oil discovery

The new well is about 15 miles southwest of the Osberg South field, and is the eighth exploration well in this production license.  More »

Transocean to scrap seven more rigs, take $140M charge

Transocean is planning to scrap seven of its older, lower-quality deep-water and mid-water vessels, putting them up for sale at a time when oil prices and demand for offshore rigs have sunken lower.  More »

Ocean energy bureau gets new director

Abigail Hopper, a Maryland energy regulator and veteran of fights over offshore wind farms, will be the top federal official in charge of oil and gas drilling along the nation’s coastlines.  More »

Obama shift on Cuba won’t mean big oil boom in Gulf of Mexico

President Barack Obama’s decision to normalize relations between the United States and Cuba may lead to more commercial opportunities for Americans within the island nation. But don’t expect U.S. oil producers to move swiftly to take advantage of them.  More »

Obama withdraws Alaska’s Bristol Bay from drilling

Obama says in a video announcement that the natural resource is too precious to be put out to the highest bidder.  More »

BP sees $1 billion in restructuring charges as oil falls

The British oil giant is gearing up to weather at least two years of lower oil prices and the contraction in the oil industry that goes with it.  More »

Chevron subsidiary granted rights to explore offshore New Zealand

The license covers more than 6.26 million acres in a frontier basin with water depths from 2,600 to 9,800 feet.  More »

Schlumberger to retire seismic vessels, take $800M impairment

Oil field service giant Schlumberger will probably take an $800 million impairment charge in the fourth quarter as it retires some units in its marine seismic fleet, the company said Tuesday.  More »

Noble, partners eye $2 billion upgrade to Israel gas field

The disclosures were made in a report Thursday to the Tel Aviv Stock Exchange.  More »

Transocean idles three more rigs, stock falls

Transocean’s fleet of deep-water drilling machines has been under pricing pressure and has faced lower demand amid falling oil prices and a glut in equipment.  More »
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