Category: Offshore

Offshore drilling industry takes aim at safety rule

Energy companies and industry trade groups broadly criticized a government plan to rewrite standards governing oil and gas production systems used offshore.  More »

In the Arctic, Let American Ambition Lead the Way

Back in 2011, at a fundraiser in San Francisco, President Obama remarked that, “We have lost our ambition, our imagination, and our willingness to do the things that built the Golden Gate Bridge.” Two years later, the Keystone XL Pipeline still floats in regulatory limbo, hydraulic fracturing is under assault, and NIMBYISM has prevented wind […]  More »

How to escape from a sinking helicopter (photos)

Helicopters are the leading cause of death for offshore oil and gas workers, far outpacing fatalities from explosions and heavy rig equipment. Houstonia magazine goes inside the underwater escape training course that offshore workers complete before taking their first trip.  More »

Study: Atlantic drilling could give economy $23.5B boost

If companies were allowed to drill for oil and gas in Atlantic waters off the East Coast, the work would help create nearly 280,000 new jobs and contribute some $23.5 billion to the U.S. economy each year by 2035, according to a study unveiled Thursday by two industry trade groups.  More »

BP pushes technical limits to tap extreme fields

BP is leading an industry-wide push to develop technology that can retrieve oil from formations that are so deep under the sea floor, and under such high pressure and temperature, that conventional equipment would melt or be crushed by the conditions.  More »

Shell outlines 2014 drilling plans

Shell is working to convince the Obama administration that it has learned from its recent mishaps and is ready to launch a new round of Arctic drilling next year.  More »

Lawmakers ask feds to freeze Arctic drilling

Nearly 60 House Democrats are pleading with Interior Secretary Sally Jewell to halt all Arctic energy development until the federal government writes new rules for the activity. Separately, conservationists recommended the Obama administration exclude four areas from a possible 2016 sale of Arctic drilling leases.  More »

Energy lawyers list industry’s hot topics for 2014

The prospect of U.S. oil exports and an increase in coal-related bankruptcies are likely to be major topics of conversation in energy circles next year, according to a discussion with lawyers from a leading firm serving the industry.  More »

Shell completes world’s largest floating facility (video)

Royal Dutch Shell PLC says it has completed building the hull of the world’s largest floating facility, which has been constructed to process natural gas off the coast of western Australia.  More »

Feds to auction eastern Gulf drilling leases

For the first time in six years, oil and gas companies will have a chance to bid for new drilling leases in the Gulf of Mexico near Alabama and Florida, during a planned lease sale next March.  More »

Pioneering offshore wind project faces deadlines

As it seeks investors, a project off the Massachusetts coast that aims to be the nation’s first offshore wind farm must reach fast-approaching benchmarks or risk missing out on hundreds of millions in critical funding.  More »

W&T shares fall sharply in face of possible regulatory action

W&T Offshore shares fell 10 percent Friday on news that U.S. regulators may bar the Houston producer from federal lease sales in the Gulf of Mexico, where it pumps most of its oil.  More »