Category: Offshore

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 »

Wildcatter hunch unlocks $1.5 trillion oil offshore US

Texaco Inc. geologist Robert Ryan didn’t suspect he was helping change the energy future of the Gulf of Mexico when he gave the go-ahead for a well that would break the world record for deep-water drilling.  More »

BP makes discovery with Nile Delta’s deepest well ever

BP is touting as significant a deep-water gas discovery in the East Nile Delta off Egypt.  More »

Tullow strikes first oil in Norway after 10 unsuccessful wells

Tullow Oil Plc (TLW) discovered its first crude off Norway after at least 10 unsuccessful wells this year.  More »

Dominion wins US offshore wind auction

Dominion Virginia Power was declared the provisional winner of the federal government’s second-ever offshore wind auction on Wednesday, likely securing the rights to build a commercial installation in Atlantic waters near the Virginia coast.  More »

Ocean energy to get a wave of federal funding

The U.S. government is pumping $16 million into projects aimed at producing energy from ocean waves, currents and tides, based on a federal forecast that water power could provide 15 percent of U.S. electricity by 2030.  More »

Caspian Sea could become natural gas hub

The commodity that fuels electric power is becoming a much more prominent driver of energy production in the Caspian Sea, a region that produced 3.4 percent of the world’s oil supply last year, according to a report from the Energy Information Administration.  More »

Recent accidents highlight shallow water dangers, departing regulator says

Recent accidents at offshore oil and gas facilities highlight the risks of producing energy on the shallow continental shelf as well as the Gulf of Mexico’s deepest frontiers, said a departing U.S. regulator James Watson.  More »
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