Category: Offshore

Senate passes bill to enact US-Mexico oil treaty

The Senate on Saturday unanimously passed legislation to enact a long-stalled international treaty that would govern oil drilling along the U.S.-Mexico border in the Gulf of Mexico, but the popular measure faces an uncertain future in the House.  More »

Independent auditors approved for offshore safety reviews

The Center for Offshore Safety, an industry group developed after the Deepwater Horizon oil spill in 2010 to foster best practices for the industry, has given its approval to three initial auditing organizations for reviewing offshore companies’ safety plans.  More »

Salazar: Shutdown will hurt Gulf production

The federal government shutdown could harm oil and gas production across the United States, former Interior Secretary Ken Salazar warned Thursday.  More »

Petrobras’s oil declines lure Gradin family offshore

The Brazilian billionaire Gradin family is spending $500 million on three offshore vessels to help Petroleo Brasileiro SA (PETR3), the biggest oil producer in deep waters, reverse declining output at its biggest production zone.  More »

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 »