Northstar Island, an artificial island in the Beaufort Sea north of Alaska, is a site of oil and gas drilling. (U.S. Department of the Interior)

Company plans gravel island to extract Arctic offshore oil

Hilcorp’s plan for a 23-acre gravel island, about the size of 17.4 football fields, has drawn mixed reviews from conservationists and outright condemnation from environmentalists who believe the oil should stay in the ground.

Chevron starts production at largest oil and gas development in Congo

The largest oil and gas project ever developed in the Republic of Congo has started production, multinational oil giant Chevron confirmed Friday morning.
Egyptian President Abdel-Fattah el-Sissi, left, Greek Prime Minister Alexis Tsipras, center, and Cypriot President Nicos Anastasiades snake hands after their trilateral summit in Athens, Wednesday, Dec. 9, 2015. Greece's political and business leaders promised to expand trade deals with Egypt after meetings following a massive offshore natural gas discovery in the southern Mediterranean. (AP Photo/Thanassis Stavrakis)

Greece, Egypt, Cyprus discuss offshore gas rights

At a meeting in Athens on Wednesday, the three countries’ leaders issued a joint statement saying they would accelerate talks to resolve “outstanding issues” on delineating their maritime zones.
An oil tanker navigates the Houston Ship Channel in Houston, Texas. (Carter Smith/ Bloomberg News file photo)

Some offshore supply vessel companies teetering on bankruptcy

Even before crude prices collapsed and triggered a retreat from expensive deepwater projects, the offshore supply vessel industry was struggling with rising debt and too much competition jockeying for the same work.
(Screengrab via Ukraine Today/Youtube)

Azerbaijan: 29 still missing from burning oil platform

The missing workers were on a lifeboat that toppled into heavy seas late Friday after the oil platform caught fire when an underwater gas pipeline was damaged in s storm.

Vantage Drilling announces restructuring plan, files for Chapter 11 protection

Vantage said it had reached restructuring agreement with lenders and creditors who hold more than $1.6 billion of its subsidiary the Offshore Group Investment Limited’s debt.
(AP Photo/Patrick Semansky)

Marathon abandons Gulf of Mexico well

Despite the dry hole and its previously announced plans to sell off stakes in fields in the Gulf of Mexico to focus more on shale plays, Marathon isn’t completely sailing away from the region.
(Eddie Seal/Bloomberg)

Commentary: More dialogue needed on BSEE well control rule

By Erik Milito Safe, responsible energy development in the Gulf of Mexico and beyond is vital to the U.S. economy and job growth, as well as U.S. energy and national security. Joint efforts from the oil and natural gas industry and federal government have made great strides to enhance the safety of offshore operations in […]
Categories: Crude oil, Offshore
Brian Salerno, director of the federal Bureau of Safety and Environmental Enforcement   at the Offshore Technology Conference at the NRG Center Thursday, May 7, 2015. (Gary Coronado / Houston Chronicle )

Commentary: Proposed well standards bring accountability to offshore safety

Industry standards alone won’t ensure improved offshore safety because they lack the force of law, says the head of the federal agency that regulates the offshore industry.
(AHIKAM SERI/AFP/Getty Images)

Noble sells some of stake in project offshore Cyprus for $165 million

The company is continuing to work with the Cypriot government to finalize development plans for Aphrodite.
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