Category: Offshore

Cal Dive skips interest payment

The Houston-based marine contractor, which provides manned diving, pipelay and other services for the oil and gas industry, said it is looking to sell non-core assets in a bid to get debt off its books.  More »

BP, ConocoPhillips to cut 530 jobs in the North Sea

In separate announcements Thursday, they said they’re both targeting jobs that support the offshore oil fields between the United Kingdom and Norway that have seen operational challenges and maturing petroleum basins in recent years  More »

Enbridge to build Gulf of Mexico pipeline

Enbridge Inc. has announced it will build an offshore crude oil pipeline extending to Hess Corporation’s Stampede Gulf of Mexico project.  More »

Idea for gas terminal off East Coast rankles fracking foes

Liberty Natural Gas wants to build a deep-water port in federal waters 19 miles off Jones Beach, New York, and 29 miles off Long Branch, New Jersey. Its stated purpose is to bring additional natural gas into the New York area during times of peak demand, thereby lowering home-heating prices.  More »

Transocean’s $9.1 billion debt may be cut to junk status

Junk status would increase costs if the company orders more rigs in the future.  More »

Chevron announces Gulf of Mexico discovery

Chevron Corp. said it’s made a significant discover in the Gulf Of Mexico about 140 miles off the coast of Louisiana.  More »

ConocoPhillips sees first oil from Norwegian startup field

The company is pumping new barrels of oil in Norwegian waters as oil prices have fallen by more than half since June.  More »

BP turns on oil flow at North Sea field

The Kinnoull field at its peak should be able to flow 50,000 barrels of crude a day, the British oil giant said Tuesday.  More »

Regulations would expand coastal California sanctuaries

The designation would bar oil and gas production off Northern California’s Marin and Sonoma counties.  More »

Oil drillers are under pressure to scrap rigs to cope with downturn

More than 200 new rigs are scheduled to be delivered in the next six years, a 25 percent jump from the number currently under contract.  More »

Marathon evacuates personnel from two North Sea platforms

About 75 workers were transferred to shore from the Brae Alpha and Brae Bravo platforms.  More »

Statoil makes small North Sea oil discovery

The new well is about 15 miles southwest of the Osberg South field, and is the eighth exploration well in this production license.  More »

Transocean to scrap seven more rigs, take $140M charge

Transocean is planning to scrap seven of its older, lower-quality deep-water and mid-water vessels, putting them up for sale at a time when oil prices and demand for offshore rigs have sunken lower.  More »

Ocean energy bureau gets new director

Abigail Hopper, a Maryland energy regulator and veteran of fights over offshore wind farms, will be the top federal official in charge of oil and gas drilling along the nation’s coastlines.  More »

Obama shift on Cuba won’t mean big oil boom in Gulf of Mexico

President Barack Obama’s decision to normalize relations between the United States and Cuba may lead to more commercial opportunities for Americans within the island nation. But don’t expect U.S. oil producers to move swiftly to take advantage of them.  More »
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