‘Drilling isn’t boring’ says Statoil music video (but it can be odd) *update*
Norwegian oil giant Statoil has made a few music videos singing the praises of offshore drilling. Take a look. More »
National Oilwell Varco posts higher profits on demand for offshore drilling
Executives for National Oilwell Varco say growth in deepwater drilling helped fuel a record quarter for the company’s rig technology. More »
Hess to spend $2.3 billion to develop Gulf of Mexico oil field
Hess Corp., the New York-based oil company, will develop its Tubular Bells deep-water field in the Gulf of Mexico at an estimated cost of $2.3 billion. More »
BP “spirit coming back” as profits jump, record drilling planned for Gulf *updates*
Higher oil prices helped send BP to higher profits in the third quarter, signaling a “definite turning point,” said CEO Bob Dudley. “You can feel the spirit coming back.” More »
Environmentalists challenge air permits for Shell’s Arctic drilling
Environmentalists on Monday mounted a legal challenge of the federal government’s decision to grant Shell Oil Co. air pollution permits it needs to drill exploratory wells in Arctic waters near Alaska. The challenge marks the second major attempt by environmentalists this year to block Shell’s plans for drilling in the region once ice clears next summer. More »
Senators seek Pickens-style incentives for nat gas buses and trucks
A bipartisan group of senators is proposing to offer incentives to encourage individuals and businesses to buy natural gas-powered vehicles. More »
Feds approve BP’s offshore drilling plan
The federal government today approved BP’s plans to drill new deep-water wells in the Gulf of Mexico, signing off on a broad offshore exploration plan submitted by the company for the first time since the lethal blowout of the oil giant’s Macondo well last year. More »
Environmentalists: Offshore drilling still too risky, despite new rules
Although the government imposed new regulations and requirements designed to boost the safety of offshore drilling in the wake of last year’s oil spill, the risks of another Deepwater Horizon disaster are still too high, environmentalists concluded Friday. More »
Eni says ‘giant’ gas find off Mozambique is company’s largest
Eni SpA, Italy’s biggest oil company, found natural gas off Mozambique in a field that may hold enough to supply the U.K. for more than four years and would be the explorer’s largest operated discovery. More »
Anadarko may dodge a ratings bullet with BP settlement
A settlement with BP over oil spill clean-up liabilities is good news for Anadarko Petroleums More »
U.S. to let American firms respond to any Cuban oil spills
The United States is paving the way for American firms to respond to any oil spills from offshore drilling set to begin off Cuba’s northern coast later this year, an Obama administration official is telling the Senate today. More »
Anadarko settles spill claims with BP for $4 billion
Anadarko will pay BP $4 billion to be free of all future liabilities related to the deadly Deepwater Horizon accident and ensuing oil spill. More »
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