Category: Offshore

GE to design, build new generation of blowout preventers

Danish rig contractor Maersk Drilling is turning to GE engineers in Houston to build a new generation of deep-water blowout preventers designed to handle the highest reservoir pressures the industry has ever tackled.  More »

Video: Onboard the Maersk Developer

Take a look at operations on the Maersk Developer as it drills an exploratory well for Statoil in the Gulf of Mexico.  More »

Deep-water drillers discover creatures as well as crude (video)

Massive oil fields aren’t the only discoveries emerging from the drilling resurgence in the Gulf of Mexico.  More »

Photos: At sea with Shell and the landmark Mars B project

Shell Oil Company has touted the project, expected to produce more than 100,000 barrels of oil a day at its peak, as one of its most important startups this year.  More »

Bizarre sea creature caught on Gulf rig camera (video)

Scientists believe they have identified the strange creature spotted on footage from an underwater oil rig camera in the Gulf of Mexico.  More »

Noble Energy acquires interest in BP Gulf of Mexico leases

Noble Energy Inc. acquired 50 percent of BP’s interest in 17 Gulf of Mexico leases, it announced Monday.  More »

Feds take first step toward new oil auctions

The Obama administration on Friday took the first step toward new offshore drilling sales three years from now, inviting the public to weigh in on what coastal acreage should be opened for oil and gas exploration.  More »

Feds launch planning for future offshore lease sales

The Obama administration is about to kick off the long process of deciding what offshore areas should be auctioned off for oil and gas drilling from 2017 to 2022.  More »

Transocean CEO: Rig supply outpacing drilling demand (video)

Steven Newman, chief executive officer for Transocean Ltd., talks about the outlook for oil rig demand and oil exploration. Newman also discusses the impact of activist shareholder Carl Icahn on the company.  More »

Watery classroom teaches life-saving lessons (video)

Most people who work on offshore oil facilities — including visiting journalists — have to learn to escape an upside down, water-filled helicopter. It’s all just a drill. But the panic is real.  More »

Marathon Oil to sell Norway business for $2.1B

Marathon Oil Corp. struck a deal Monday to sell its Norwegian offshore oil-production business for $2.1 billion, its latest move to lighten its load and concentrate on U.S. shale basins.  More »

Repsol wins approval for $10B project off Spain

Repsol SA won government approval to start a $10 billion oil drilling project off Spain’s Canary Islands, signaling success in its 12-year campaign to start exploration near the Atlantic archipelago.  More »
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