An oil spill that has marred a tourist island in the Gulf of Thailand has spread to nearby smaller isles, officials said Wednesday, as authorities raced to clean up the island’s once-white sands and clear waters. More »
Anadarko Petroleum Corp. reported $929 million in second-quarter profit, compared with a loss of $89 million for the same quarter last year, as improvements in its drilling performance led to five deep-water discoveries. More »
For most of the country, the greatest potential for wind energy lies offshore. Developers are pushing ahead with projects on the East Coast and elsewhere despite environmental concerns about fishing habitats, migratory bird paths and even the seaside views valued by tourists and coastal residents alike. More »
Offshore equipment provider Cameron reported a 20 percent decrease in profits, as increased drilling system sales were offset by growing costs and a slowdown in unconventional onshore equipment.
A leaking natural gas well that caused a rig to catch fire late Tuesday night has now been contained, federal authorities reported Thursday morning. More »
Royal Dutch Shell awarded SBM Offshore with the floating platform contract for its Stones field project in the Gulf of Mexico, the two companies announced Tuesday morning. The total asset value of the vessel is approximately $ 1 billion, according to SBM Offshore. More »
The first wave of oil platforms since business went on hold in the Gulf of Mexico following the BP oil spill in 2010 are under construction on its shores as technological breakthroughs allow geologists and engineers to find and reach large oil reserves in previously mysterious regions deep under water and deeper under rock. More »
Pacific Drilling entered the market with the mission of providing drilling services focused exclusively on oil companies’ move into exploring for oil beneath ultradeep waters. More »
Congress can do more to advance offshore drilling in the Gulf of Mexico and Atlantic Ocean while boosting the economies of coastal states, eight governors said Friday. More »
The deep-water Gulf of Mexico, shut down after BP Plc (BP/)’s record oil spill in 2010, has rebounded to become the fastest growing offshore market in the world. More »
The deepest oil well drilled in Israel’s 65-year history may be the most important.
BP Plc (BP/), Europe’s second-largest oil company, signed a deal for a third block in the South China Sea with Cnooc Ltd. (883), the country’s biggest offshore explorer. More »