Posts filtered on Tag
Transocean is planning to scrap seven of its older, lower-quality deep-water and mid-water vessels, putting them up for sale at a time when oil prices and demand for offshore rigs have sunken lower.
The Coast Guard moved Tuesday to boost the liability limits capping how much companies must pay for oil spills that foul U.S. waters.
With hundreds of vendors vying for attention at the 45th annual Offshore Technology Conference, colorful models of oil industry vessels, platforms and equipment, some of them the size of a small car and costing thousands of dollars, arguably can start a conversation that ends in a sale.
There is universal agreement on the desire to prevent another catastrophic explosion and spill. But there is the risk of doing harm by overreaching in regulating for a safer environment.
More direct northern sea routes may be opening up in the Arctic, as the melting of the ice has made previously unnavigable routes a growing possibility for large ships, including tankers carrying oil and gas, an expert said Wednesday at the Third Houston Shipping and Offshore Conference.
ABB’s new Onboard DC-Grid — the first exclusively direct-current system in the industry — could fix inefficient electricity delivery while vessels are in dynamic position.