What will it take to re-start offshore drilling?
As global crude oil has hit the $80/b mark, the industry is now wondering if there is a magic price that would jump-start the offshore sector which is lagging an Continue Reading
Defense and energy can co-exist offshore, industry says
Oil and gas operations in parts of the U.S. Gulf of Mexico can coexist with national defense priorities, industry supporters said of a Pentagon review. The U.S. Department of Defense Continue Reading
The Next Big Trend In Offshore Oil & Gas
The offshore sector will increasingly focus on natural gas instead of oil over the next few decades, while policy support and technology improvements could also see offshore investment shift in Continue Reading
Robots And Drones Are Changing The Offshore Oil Industry
Boost efficiency and cut costs—the oil industry’s favorite buzzwords during the latest downturn—continue to be the key talking points of the companies in the post-oil-price-crash world. The rise of technology Continue Reading
CEO of ‘Reset’ Deepwater Operator Sees Better Days for GOM
Fieldwood Energy has big plans after restructuring and recapitalization. The overall increase in crude oil prices notwithstanding, a “new attitude” toward U.S. Gulf of Mexico (GOM) operators among federal government Continue Reading
In U.S. Gulf, robots, drones take on dangerous offshore oil work
At BP’s massive Thunder Horse oil platform in the U.S. Gulf of Mexico, a dog-sized robot called Maggie uses magnetic tracks to creep along pipes connecting the giant oil facility Continue Reading
100 Offshore Projects To Be Sanctioned In 2018
The current tailwind in the oil market is likely to propel 100 new offshore projects to be sanctioned in 2018, according to Rystad Energy. This compares to only 60 projects Continue Reading
Acquisition contributes to Transocean loss
A net loss for the first quarter was attributed in part to the acquisition of rival Songa Offshore, which Transocean said supported its rig fleet. The rig company, which has Continue Reading
Shell Wants Deepwater Breakevens Below $40
Even though Brent Crude prices hit $75 a barrel on Monday, Shell continues to stick to disciplined spending and wants deepwater projects to break even at $40 a barrel or Continue Reading
Offshore operators trying to make projects feasible at $50/bbl oil
Operators of offshore oil and gas projects have slashed costs during the oil-price slump, but they also are working to avoid the boom-bust cycles of the past, panelists told an Continue Reading