Tag: offshore

Feds weighing Shell bid for more time in Arctic

Interior Secretary Sally Jewell said the Obama administration will decide soon whether to yield to Shell’s request for an extension of its Arctic drilling leases. Statoil and ConocoPhillips have made parallel requests for leases that will begin expiring in 2019.  More »

EIA: Gulf of Mexico production to continue increasing

By 2016, the Gulf will account for about 17 percent of total U.S. crude production.  More »

Noble Energy CEO: Israel gas investments stalled this year by impasse with government

In a quarterly conference call with investors on Thursday, Noble CEO David Stover called the antitrust decision an example of the uncertain regulatory environment in Israel and said the two parties would have to come to an agreement on the matter before Noble could invest significantly in Israel’s energy sector.  More »

Mexico puts some deep-water oil on hold amid crude’s slide

Petroleos Mexicanos director Emilio Lozoya says deep-water projects that have not already begun will be delayed.  More »

Helix CEO: Producers canceling offshore contracts despite termination fees

The Houston offshore service firm probably won’t make deep cuts to its workforce of 1,600 to cope with the downturn in oil prices, its CEO said, but he acknowledged there “may be some opportunity.”  More »

Helix earnings down 78 percent

Offshore services company Helix Energy Solutions Group’s earnings fell 78 percent in the fourth quarter, the company reported Monday, largely the result of more of its vessels sitting unused.  More »

Hercules Offshore lays off 30 percent of workforce

Offshore driller Hercules Offshore has laid off 30 percent of its workforce since October, company officials said on a conference call with analysts Thursday.  More »

Video: Sikorsky’s new helicopter takes flight

Sikorsky doesn’t expect the drop in crude oil prices to hurt its business, even though the oil industry is a big customer.  More »

Helicopter company opens Houston office to serve offshore workers

About 80 helicopters from Sikorsky’s S-76 model line are operating in the Gulf of Mexico, along with 50 in its S-92 line.  More »

Video: Anadarko turns massive Gulf spar into marine habitat

Anadarko Petroleum Corp. has turned a 7,200-ton cell spar hull into a dark cave-like habitat for fish, sea anemones and other deep-sea creatures 200 miles off the coast of Louisiana.  More »

BP cuts 200 North Sea staff, 100 contractors

Union officials fear other oil-related jobs will be cut by other firms soon as prices continue to soften.  More »

Oil traders seen storing millions of barrels at sea on slump

Companies inquired about booking 10 very large crude carriers for storage in the past several days, Odysseus Valatsas, the chartering manager for Dynacom Tankers Management Ltd. near Athens, said by e-mail today.  More »

Chevron announces Gulf of Mexico discovery

Chevron Corp. said it’s made a significant discover in the Gulf Of Mexico about 140 miles off the coast of Louisiana.  More »

Regulations would expand coastal California sanctuaries

The designation would bar oil and gas production off Northern California’s Marin and Sonoma counties.  More »

Oil drillers are under pressure to scrap rigs to cope with downturn

More than 200 new rigs are scheduled to be delivered in the next six years, a 25 percent jump from the number currently under contract.  More »
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