Next U.S. Gulf of Mexico lease sale will be online
The next lease sale planned by the U.S. government for oil and gas reserves in the Gulf of Mexico will be streamed live on the Internet, an agency said. On Continue Reading
One size fits all? In offshore oil sector, using standard gear could cut costs 30 percent: association
Offshore oil majors could shave nearly a third off their exploration and development costs by simply agreeing to industry-wide equipment standards, according to an industry association executive. Rather than having Continue Reading
One size fits all? In offshore oil sector, using standard gear could cut costs 30 percent: association
Offshore oil majors could shave nearly a third off their exploration and development costs by simply agreeing to industry-wide equipment standards, according to an industry association executive. Rather than having Continue Reading
President Obama bans oil drilling in large areas of Atlantic and Arctic oceans
Hundreds of kayaktivists protest drilling in the Arctic and the Port of Seattle being used as a port for the Shell Oil drilling rig Polar Pioneer (Daniella Beccaria/seattlepi.com via Associated Continue Reading
Obama’s Offshore-Oil Plan Forces Drillers to Focus on U.S. Gulf
Five-year schedule of lease sales leaves out Arctic, Atlantic Environmentalists have pressed for permanent protections The Obama administration’s decision to forgo auctions of new oil and gas drilling rights in Continue Reading
US Interior offshore oil and natural gas leasing plan may be complicated by Trump win
The Interior Department is expected this week to unveil its final five-year plan for offshore oil and natural gas lease sales and both industry and environmental sources believe proposed Arctic Continue Reading
Catching A Falling Knife: A Deepwater Buyout
Across the oil industry, many firms have started to see their stock prices stabilize. The offshore deepwater drilling industry is the exception. Deepwater drillers have continued to collapse in value. Continue Reading
British Offshore Industry: Expect The Unexpected
The majority of us will say check out last year’s figures – only 13 exploratory wells were drilled in 2015. As energyvoice.com put it – “Exploration in British waters has Continue Reading
Offshore production nearly 30% of global crude oil output in 2015
Source: U.S. Energy Information Administration, based on Rystad Energy Global offshore oil production in 2015 was at the highest level since 2010, and accounted for nearly 30% of total global Continue Reading
No Near-Term Recovery For Offshore Rig Market
The offshore rig market is currently in its worst slump since the mid-1980s, according to the October 2016 issue of RigOutlook. Offshore drilling in many parts of the world is Continue Reading