Tag: offshore

Feds roll out details on Western Gulf lease sale

The Obama administration on Thursday released final details for its planned Aug. 20 sale of oil and gas drilling rights in the western Gulf of Mexico.  More »

Technology lets producers move jobs from platforms to land

Shell and other offshore players to move a growing number of jobs historically performed at sea onto land.  More »

Noble Corp. spinoff Paragon announces $1.2 billion debt offering

Paragon Offshore Ltd., the spinoff of offshore drilling contractor Noble Corp., today announced plans to issue $1.2 billion in private debt.  More »

Cape Wind receives major loan guarantee from feds

Cape Wind Associates LLC received a conditional $150 million loan guarantee from the U.S. Department of Energy for its project off the coast of Massachusetts.  More »

Statoil CEO warns ballooning costs may hamper recovery goals

Surging costs for drilling and maintenance risk hampering Statoil ASA’s goal to boost the recovery rate at its Norwegian offshore oil fields to 60 percent, Chief Executive Officer Helge Lund said.  More »

Norway’s oil lobby told age of no state interference is over

Producers in western Europe’s biggest oil and gas exporter must brace themselves for a new legislative age that will disrupt the status quo, according to Norway’s Green Party.  More »

Watery classroom teaches life-saving lessons (video)

Most people who work on offshore oil facilities — including visiting journalists — have to learn to escape an upside down, water-filled helicopter. It’s all just a drill. But the panic is real.  More »

Marathon Oil to sell Norway business for $2.1B

Marathon Oil Corp. struck a deal Monday to sell its Norwegian offshore oil-production business for $2.1 billion, its latest move to lighten its load and concentrate on U.S. shale basins.  More »

Eygptian gas deal may spur more Israeli offshore development

A deal to pipe natural gas from Israel’s Tamar gas field to Egypt may spur development of a larger reserve nearby, benefiting partners, including Houston’s Noble Energy, in both discoveries.  More »

Offshore industry prepares for hurricane season

With hurricane season just days away, forecasters are predicting a more mild summer, but offshore producers are preparing nonetheless.  More »

Norway oil-strikes risk mounts as more workers break off talks

Oil-service workers in Norway followed offshore-platform workers in breaking off wage talks with employers, raising the prospect of another strike in the oil and gas industry two years after a walkout hit output.  More »

Oil companies warm to Canada’s chilly waters

Eastern Canadian provinces are promoting their cold offshore waters as a hot opportunity for finding new offshore oil plays.  More »
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