Category: Offshore

Ex-Gulf oil spill claims czar to run Boston Marathon victims’ fund

Kenneth Feinberg, the Washington lawyer who previously ran the compensation fund for victims of the 2010 Gulf of Mexico oil spill, will head up a fund for victims of last month’s Boston Marathon bombings.  More »

BP to Total lead U.K. oil revival as $65 billion spent

The future of the U.K.’s 40-year-old oil and gas industry lies on a stretch of windswept bogland in the Shetland islands 200 kilometers (124 miles) north of Scotland.  More »

Hazard analysis could be problematic in company offshore audits

FuelFix spoke to Charlie Williams, director of the Center for Offshore Safety, about challenges companies are having in implementing new federal regulations.  More »

From bog to bayou: Cities are bound by oil and gas

Growing up in Scotland, Andrew Millar watched Texans flock to his homeland during the North Sea oil boom of the 1970s.  More »

Transocean plans job cuts to focus on offshore business

Transocean Ltd. expects to achieve $300 million in annualized cost savings after a restructuring initiative that included divesting 38 offshore rigs in the fourth quarter and eliminating shore-based jobs.  More »

Feds launch test of Helix offshore spill containment system

In deep Gulf of Mexico waters on Tuesday, federal regulators and the oil industry launched a drill meant to test whether emergency equipment and first responders are ready to tackle an out-of-control subsea well.  More »

Oil ties between Texas and Norway grow stronger

An informal relationship going back decades became official with the launch of the NorTex Research Collaborative, linking researchers in Texas and Norway.  More »

Malware offshore: Danger lurks where the chips fail

In the same year that a massive explosion and oil spill rocked the Gulf of Mexico, a digital disaster played out halfway around the world. A rig was overwhelmed by malicious computer software, an infection that could have caused the blowout preventer and other systems to be unresponsive, possibly leading to a well blowout.  More »

Bill would force feds to sell drilling leases off Virginia coast

The Obama administration would be forced to sell offshore drilling leases off the coast of Virginia under a bill introduced in the House on Friday.  More »

CDC: Death by helicopter leading killer for oil and gas workers

Death by helicopter is the leading cause of industrial accidents for oil and gas workers, according to a Center for Disease Control report issued Friday.  More »

Highest-paid workers driving Shell off Australian shores

Escalating costs to build liquefied natural gas plants on land in Australia, where energy workers earn the highest salaries in the world, are driving developers out to sea in search of billions of dollars in savings.  More »

Gulf shallow water rig shortage boosts profits for Hercules

A growing shortage of shallow-water rigs in the Gulf of Mexico is providing an unexpected profit boost for Hercules Offshore Inc. and Ensco Plc as customers move farther offshore in the hunt for oil.  More »
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