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Under the plan, the oil services provider will be able to reduce more than $1.1 billion of debt and loosen some covenants, the company said.
Called the “keep it in the ground act” act, the bill led by Rep. Jared Huffman, D-California, would apply to all federal lands and waters, including the Gulf of Mexico.
Mexico’s state oil company says a fire that erupted on an oil platform in the Gulf of Mexico killed two workers and injured eight
Announced last April by Secretary of the Interior Sally Jewel, the rule would tighten standards on blowout preventers – the device that failed in the case of Deepwater – as well as put more controls on how companies drill and monitor wells deep under the surface of the ocean.
There are now more than 3,000 businesses or individuals in the U.S. that have been approved to fly drones for commercial reasons.
This is Noble’s second stacked rig in the Gulf in less than two months.
A court filing Thursday says the jury trial in New Orleans is scheduled to start on Jan. 17, 2017, and last approximately four weeks.
The surge in oil and gas output from U.S. shale drillers has the potential to transform world markets. At home, it’s left a chain of idle import facilities from the Northeast to the Gulf Coast, as energy companies pile onto the export bandwagon instead.
With no guarantee of an oil-market recovery this year, U.S. drillers will almost certainly have to resort to more unpleasant survival tactics in 2016, including deep spending cuts and some fire sales.
With crude prices stuck firmly below $40 a barrel, and energy companies predicting another austere year in 2016, here’s a look back at some of the most popular stories that appeared on FuelFix.com this year.