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Shell's Arctic drilling vessel the Noble Discoverer arrives in Everette on Tuesday, May 12, 2015. (Daniella Beccaria,

Shell’s Arctic miss is just the oil industry’s latest dry hole

Shell is far from alone in making a big bet on an offshore play only to end up with disappointing results. From the Gulf of Mexico to the shores of Angola, offshore exploration has yielded plenty of dry holes.
FMC Technologies elaborate booth in the Offshore Technology Conference at the NRG Center Wednesday, May 6, 2015, in Houston, Texas. (Gary Coronado/Houston Chronicle)

FMC Technologies awarded $172 million subsea contract from Statoil

FMC Technologies has been awarded a $172 million contract to provide subsea equipment for one of the largest oilfields off Norway’s coast.
( Jay Pickthorn/AP/Statoil).

Statoil fined for Ohio fracking well fire

The Ohio Environmental Protection Agency and the Ohio Department of Natural Resources say the fines are being assessed for the loss of aquatic species, spill cleanup and water quality violations from the well pad fire in June 2014.
The head office of Statoil in Stavanger, Norway.  (AP Photo / Kent Skibstad, NTB scanpix, File)

Statoil profit beats estimates

Statoil and competitors such as Royal Dutch Shell Plc and Total SA are cutting investments and operational costs after oil prices fell by about 50 percent over the last 12 months.
A drilling rig under contract to Shell arrives in Port Angeles, Washington en route to Alaska's Chukchi Sea, where Shell hopes to drill this summer. (Daniella Beccaria/ via AP, File) MAGS OUT; NO SALES; SEATTLE TIMES OUT; TV OUT; MANDATORY CREDIT

Senate bill would give oil companies a decade more to drill in Arctic

Oil companies could get 10 more years to drill on their Arctic leases, under a provision in a broader offshore drilling bill advancing in the Senate.
The Deepwater Horizon oil rig burns after an explosion in the Gulf of Mexico in 2010. (AP Photo/Gerald Herbert, File)

New offshore safety rules would make drilling some wells too difficult, industry lobbyists tell White House

More than a dozen oil companies and drilling contractors joined leading industry trade groups in pushing back against proposed federal mandates for offshore wells they say would make some impossible to drill. The proposed requirements were spurred by the Deepwater Horizon disaster.
(Carla Gottgens/Bloomberg)

How the European oil industry decided to save the climate

As BP Chief Executive Officer Bob Dudley recalls, it all started with himself and his peers from Statoil, Total and Royal Dutch Shell, on stage at the forum debating their response to the climate change challenge.

Statoil to cut 2,000 jobs, adding to Norway’s woes

The job losses at Statoil, Norway’s No. 1 oil and gas producer, add to thousands more in the country’s offshore energy industry after crude collapsed in the second half of 2014
Helix Well Containment Group equipment was deployed in a drill at a Noble Energy test well in May, with federal regulators and industry representatives looking on. (Photo: Noble Energy)

Despite new discoveries, deep water’s a bit still

Marshall Adkins, director of energy research at Raymond James in Houston, said the moves show there is reason for optimism, but that the deepwater oil and gas sector might be 18 months away from seeing a rebound, as opposed to the quicker recoveries expected in U.S. shale.
(AP file photo/John McConnico)

Norway government loses in drive to expand Arctic oil boundary

Even as a drop in oil prices makes Arctic exploration less attractive, Norway is betting on success in the Barents Sea, thought to hold more than 40 percent of its undiscovered resources. The Nordic country’s oil output, still western Europe’s biggest, has been more than halved since a 2000 record.