Category: Offshore

Oil companies forfeit Arctic drilling rights

Oil companies that had locked up more than 1.3 million acres of the Beaufort Sea for drilling in 2007 have since relinquished nearly half that territory, signaling the industry’s appetite for tapping those Arctic waters may be waning even as the Obama administration makes plans to auction off more of the area.  More »

Feds extend deadline for offshore drilling comments

Oil companies, environmentalists and other stakeholders will have more time to weigh in on what coastal waters should be available for drilling beginning in 2017.  More »

Industry poll says Americans want more oil production, support offshore drilling

Nearly 7 out of 10 Americans support domestic offshore drilling but few believe the federal government is doing enough to encourage such production, an industry-backed survey finds.  More »

Feds OK first-in-decades oil studies off East Coast

The Obama administration on Friday gave the oil industry the green light to use air guns and sonic sensors to search for possible oil and gas under Atlantic waters, overriding environmentalists concerned that the seismic research can harm whales and other marine life.  More »

Feds roll out details on Western Gulf lease sale

The Obama administration on Thursday released final details for its planned Aug. 20 sale of oil and gas drilling rights in the western Gulf of Mexico.  More »

Technology lets producers move jobs from platforms to land

Shell and other offshore players to move a growing number of jobs historically performed at sea onto land.  More »

Noble Corp. spinoff Paragon announces $1.2 billion debt offering

Paragon Offshore Ltd., the spinoff of offshore drilling contractor Noble Corp., today announced plans to issue $1.2 billion in private debt.  More »

Regulator says collaboration needed offshore

One of the biggest obstacles in boosting the safety of offshore drilling is making sure a massive web of contractors and oil companies are working collaboratively to prevent accidents, a top federal regulator says.  More »

Norwegian oil services strike averted

Norway’s Industri Energi union and the oil and gas producer lobby reached an agreement on pay, averting a strike at companies including Halliburton Co., Schlumberger and Baker Hughes.  More »

House votes to expand offshore drilling

Even before the House voted 229-185 to force the federal government to allow offshore drilling off the South Carolina, Virginia and California coasts, lawmakers admitted the plan was going nowhere. But bill backers are hoping it will send a strong signal to the Obama administration that it should give oil and gas companies a chance to drill in Atlantic waters.  More »

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 »