Category: Offshore

New oil platforms rise high to reach deep (photos)

The first wave of oil platforms since business went on hold in the Gulf of Mexico following the BP oil spill in 2010 are under construction on its shores as technological breakthroughs allow geologists and engineers to find and reach large oil reserves in previously mysterious regions deep under water and deeper under rock.  More »

Pacific Drilling is well within its ultradepth

Pacific Drilling entered the market with the mission of providing drilling services focused exclusively on oil companies’ move into exploring for oil beneath ultradeep waters.  More »

Perry to lawmakers: Do more to advance offshore drilling

Congress can do more to advance offshore drilling in the Gulf of Mexico and Atlantic Ocean while boosting the economies of coastal states, eight governors said Friday.  More »

US Gulf oil profits lure $16 billion more rigs by 2015

The deep-water Gulf of Mexico, shut down after BP Plc (BP/)’s record oil spill in 2010, has rebounded to become the fastest growing offshore market in the world.  More »

Israel’s deepest well targets 1.5 billion barrels of oil

The deepest oil well drilled in Israel’s 65-year history may be the most important.  More »

BP to explore third deepwater South China Sea block with Cnooc

BP Plc (BP/), Europe’s second-largest oil company, signed a deal for a third block in the South China Sea with Cnooc Ltd. (883), the country’s biggest offshore explorer.  More »

Lawmakers press feds for info on blowout preventer mandates

A dozen lawmakers are pressing the Obama administration to outline its plans for tightening standards on emergency equipment used to safeguard offshore oil wells.  More »

Shell’s biggest oil platform heads for deep-water Gulf

Shell’s biggest and recently constructed tension leg platform started its final pre-production journey on Sunday, setting sail from the construction dock in Ingleside, near Corpus Christi, for a 425-mile voyage to the Mars B Field in the Gulf of Mexico.  More »

Deep-water platforms ready for Gulf of Mexico (photos)

The Houston Chronicle traveled to Kiewit Offshore Services in Ingleside, Texas this week for a tour of Anadarko Petroleum’s newest and largest deep-water production platform. The behind-the-scenes look revealed more than they expected.  More »

Exxon’s $735 million Ukraine pledge shows Black Sea zeal

Exxon Mobil Corp (XOM). is so confident of prospects in the unexplored Black Sea it will spend $735 million to drill just two deep-water wells off Ukraine’s coast.  More »

Noble Corp.’s proposed London move may cut its tax bill in half

Noble Corp., the offshore oil rig contractor that moved its headquarters to Switzerland in 2009, may cut its tax bill in half if shareholders approve the board’s plan to move to London.  More »

House moves to expand offshore drilling

The House on Friday passed legislation that would expand offshore drilling by forcing the federal government to swiftly sell new oil and gas leases along the coasts of California, South Carolina, Virginia and any other states where governors say they want the work.  More »

Deep-water drilling expansion will strain workforce, study says

Global spending on deep-water wells will surge to $114 billion by 2022, compared to $43 billion last year, creating a critical need for offshore rig workers, according to a new analysis by Wood Mackenzie.  More »

CNPC said set to buy $5 billion stake in largest Kazakh field

China National Petroleum Corp (CNPZ). plans to pay about $5 billion for a stake in Kazakhstan’s biggest oil field, people with knowledge of the matter said.  More »

Feds hope more rigs will become reefs with policy revisions

The popular rigs-to-reefs program, which allows operators to leave non-producing platforms deep in the Gulf as a makeshift home for underwater creatures, has been revised to encourage more operators to donate their rigs.  More »
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