Category: Offshore

Arctic oil discovery heralds more finds in Norway’s Barents Sea

Norway may see a series of Arctic oil finds after a well produced crude from a previously unproductive layer of rock, explorer Lundin Petroleum AB said.  More »

Chevron resuming Gulf of Mexico operations as Karen weakens

Chevron Corp. (CVX) began returning workers to shuttered Gulf of Mexico operations and Anadarko Petroleum Corp. said it expected to follow suit as Tropical Storm Karen weakened off Louisiana.  More »

BP trial to focus on scientists’ spill estimates

U.S. District Judge Carl Barbier is scheduled to hear three weeks of testimony from dueling experts to help him calculate how much oil spilled into the Gulf — a key factor in determining how much more money BP and its contractors owe for their roles in the deadly disaster.  More »

Workers to start returning to the Gulf as Karen weakens

Chevron Corp. began returning workers to shuttered Gulf of Mexico operations and Anadarko Petroleum Corp. said it expected to follow suit as Tropical Storm Karen weakened off Louisiana.  More »

Feds scramble to respond to Gulf storm during government shutdown

What happens when a tropical storm and a government shutdown collide? As Tropical Storm Karen heads toward the Gulf of Mexico and some oil companies evacuate platforms in the area, federal agencies are navigating a government shutdown to respond.  More »

Falkand Oil’s bid for desire to speed up exploration

Falkland Oil & Gas Ltd. (FOGL)’s 61 million-pound ($99 million) bid for Desire (DES) Petroleum Plc will accelerate exploration off the Atlantic archipelago, said Falkland Oil Chief Executive Officer Tim Bushell.  More »

Companies curbing Gulf output as storm approaches

Anadarko Petroleum Corp. is removing non-essential workers from operated facilities in the central and eastern Gulf of Mexico, including the Independence Hub, Neptune, Constitution and Marco Polo platforms.  More »

Cyprus gas field smaller than initial estimate

Cyprus’ energy minister says that a gas field off the country’s southern coast contains between 3.6 and 6 trillion cubic feet (0.1-0.17 trillion cubic meters) of natural gas, noticeably less than an earlier estimate.  More »

Brazil judge dismisses case against Chevron, Transocean

A federal court official in Rio de Janeiro Tuesday said that judge Raffaele Felice Pirro decided to dismiss the case on Friday after Chevron agreed to pay the equivalent of about $150 million in “compensatory activities.”  More »

Feds debate long-delayed U.S.-Mexico oil pact

Top Obama administration officials and senators on Tuesday touted the promise of a long-stalled international treaty to unleash oil drilling along the U.S.-Mexico in the Gulf and warned that international relations between the companies could be harmed if America fails to enact the pact.  More »

Feds to release new rules for offshore emergency equipment this year

The nation’s top offshore drilling regulator said he hopes to unveil new requirements for blowout preventers by Dec. 31, nearly four years after the Deepwater Horizon disaster revealed vulnerabilities in the emergency devices.  More »

Noble Corp. spinoff mirrors industry focus on new fleets

The Swiss offshore drilling contractor wants to improve the quality of its fleet by sending its aging assets to market next year and focusing on its newer, more advanced vessels. In the offshore contracting world, Noble is not alone.  More »