Category: Offshore

Anadarko pushes boundaries with newest deep-water platform (video)

Anadarko’s Lucius truss spar project would have seemed unreasonable a decade ago. It’s the culmination of a multibillion-dollar effort to pump up to 80,000 barrels of oil per day from a set of Gulf wells under about 7,100 feet of water.  More »

Black Elk Energy: Fatal fire hit finances, production

Houston-based Black Elk Energy said Thursday it was still dealing with economic fallout from last year’s fatal explosion at one of its Gulf of Mexico production platforms, even as federal investigators continue to probe the company’s overall safety.  More »

California coastal panel takes up offshore fracking

California regulators on Thursday were set to take up offshore fracking after revelations that the practice had quietly occurred off the coast since the late 1990s.  More »

Petrobras platform arrivals promise production

Petroleo Brasileiro SA, the world’s biggest producer of oil in ultra-deep waters, is showing signs of a production rebound as suppliers accelerate equipment deliveries.  More »

BP sues US government over suspension from new federal contracts

Because of the suspension, BP has lost out on potentially billions of dollars of business with the U.S. government.  More »

Demand for offshore production facilities surging, led by Brazil

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 officials tout October offshore auction

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 »

Oil explorers test Atlantic mirror with $3 billion Angola wells

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 »

Commentary: A tough month of July provides plenty of opportunities for reflection

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 »

Oil companies used fracturing in coastal waters off Calif.

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.  More »

Houston maritime lawyers join new firm

All eight lawyers who work at Bell, Ryniker & Letourneau in Houston have joined the Philadelphia-based law firm of Blank Rome.  More »

Well plugging effort delays assessment of damaged Gulf rig

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 »
Page 20 of 326« First...10...1819202122...304050...Last »