Category: Offshore

Cyprus gas field smaller than initial estimate

Cyprus’ energy minister says that a gas field off the country’s southern coast contains between 3.6 and 6 trillion cubic feet (0.1-0.17 trillion cubic meters) of natural gas, noticeably less than an earlier estimate.  More »

Brazil judge dismisses case against Chevron, Transocean

A federal court official in Rio de Janeiro Tuesday said that judge Raffaele Felice Pirro decided to dismiss the case on Friday after Chevron agreed to pay the equivalent of about $150 million in “compensatory activities.”  More »

Feds debate long-delayed U.S.-Mexico oil pact

Top Obama administration officials and senators on Tuesday touted the promise of a long-stalled international treaty to unleash oil drilling along the U.S.-Mexico in the Gulf and warned that international relations between the companies could be harmed if America fails to enact the pact.  More »

Feds to release new rules for offshore emergency equipment this year

The nation’s top offshore drilling regulator said he hopes to unveil new requirements for blowout preventers by Dec. 31, nearly four years after the Deepwater Horizon disaster revealed vulnerabilities in the emergency devices.  More »

Noble Corp. spinoff mirrors industry focus on new fleets

The Swiss offshore drilling contractor wants to improve the quality of its fleet by sending its aging assets to market next year and focusing on its newer, more advanced vessels. In the offshore contracting world, Noble is not alone.  More »

Shell to suspend French Guiana drilling, partner says

Royal Dutch Shell Plc (RDSA) will suspend exploration drilling off French Guiana until 2015 after three unsuccessful wells, according to a partner in the project.  More »

Noble Corp. plans to split in two

Noble Corp., the offshore rig contractor building nine new rigs, said today it plans to spin off about half its fleet into a separate company to focus on its higher-priced rigs working in deeper waters.  More »

Diamond Offshore CEO to retire

Diamond Offshore Drilling said Tuesday that Lawrence Dickerson, president and CEO, has decided to retire after more than 30 years at the company.  More »

Statoil frustrated at Castberg after finding gas not oil

Statoil ASA, Norway’s biggest energy company, made a second natural-gas discovery near the Barents Sea’s Johan Castberg oilfields, failing to boost crude reserves at a project delayed by rising costs and taxes.  More »

Tullow expects oil find in Madagascar as drilling set to start

Tullow Oil Plc (TLW), a U.K. explorer with most of its licenses in Africa, expects to find oil in Madagascar when it begins drilling in the south of the Indian Ocean island next year, a company official said.  More »

Shipping concerns attract diverse countries to Houston conference

Diplomats from Korea, Norway and Brazil gathered in Houston this week as they made plans to promote their interconnected shipping industries — mostly devoted to moving energy — at the third annual Houston Shipping & Offshore Conference on Oct. 23 in Houston  More »

Commentary: Looking past isolated incidents to see the big picture of safety in oil and gas

It has always frustrated me that the industry keeps relatively quiet following high profile incidents. Rather than take control of the narrative and seize the chance to provide as much clarity as possible, it tends to fall back on itself. This allows other groups to shape events to their advantage, and the damage to the industry’s reputation grows larger and lasts longer.  More »
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