Category: Offshore

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 »

House advances plan to unleash drilling on US-Mexico maritime border

The House of Representatives advanced two items on the oil industry’s wish list Thursday, by passing legislation that would unleash drilling in the Western Gap area of the Gulf of Mexico and waive new financial reporting requirements on companies’ foreign dealmaking.  More »

NASA offers oil industry better risk management strategies

NASA and Deloitte plan to offer a range of risk-management capabilities to oil and gas companies, based on their collaborative experience.  More »

Hercules Offshore announces bigger stake in Discovery Offshore

Hercules Offshore has moved closer to full ownership of Discovery Offshore, a Luxembourg-based company that owns two high specification harsh environment jack-up drilling rigs.  More »

As U.S. production soars, oil companies eye far horizons

Even as much attention focuses on the Gulf of Mexico and U.S. onshore production from shale plays, new frontiers for exploration are taking drillers, engineers, geologists and services firms to Brazil, the Arctic, Africa, Australia and parts of the Middle East and Asia.  More »

Oil hunted in Mozambique after world’s largest gas discoveries

Statoil ASA (STL) and Tullow Oil Plc (TLW) are finishing a well aimed at achieving the first commercial oil discovery in Mozambique, the East African country where explorers have made the century’s largest natural gas finds.  More »

Brazil says Libra oil field can reach 1 million barrels

Brazil’s largest oil prospect can “easily” reach a million barrels a day, double the output of OPEC member Ecuador, as international companies prepare to compete in an October bidding round, the chief regulator said.  More »

House panel advances energy bills; Senate approval doubtful

The House Natural Resources Committee approved a suite of bills that aim to boost domestic energy development and ratchet up pressure on the Obama administration to open new areas to oil and gas drilling.  More »

Ensco adds another drillship to its fleet as deep water booms

Ensco has announced plans to add a drillship to its fleet as demand for the deep-water vessels and platforms continues in the Gulf of Mexico, West Africa and other hot spots.  More »

Republican bill would limit environmental reviews of offshore drilling

The federal government would be forced to make decisions on offshore drilling before fully scrutinizing how the work would affect coral and other ocean life under legislation advancing in the House, conservationists and a marine biologist warned Congress on Tuesday.  More »
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