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Brookfield to Acquire 60% Stake in Teekay Offshore

Canadian investment firm Brookfield Business Partners announced plans to acquire 60% of Teekay Offshore Partners, a leading global provider of marine services and solutions focused on production and logistics to the offshore oil industry. Show More Summary

America’s Biggest Oil Port Looks to Catch the Export Wave

By Hailey Waller and Sheela Tobben (Bloomberg) — The biggest U.S. oil-import hub wants to grab a piece of surging North American crude exports. Louisiana Offshore Oil Port, the only terminal along the U.S. Gulf Coast able to handle a...Show More Summary

Greenpeace activists protest near oil rig in Norway's Arctic sea area

OSLO (Reuters) - Environmental activists protested on Friday near an offshore rig contracted by Statoil in the remote Norwegian Arctic, where the firm is looking for oil and gas deposits.

Activists Protest near Oil Rig in Norway's Arctic Sea Area

Environmental activists protested on Friday near an offshore rig contracted by Statoil in the remote Norwegian Arctic, where the firm is looking for oil and gas deposits. The Nordic country wants to open up northern areas for exploration to offset declining production in the south.

NC Gov. Cooper: No offshore oil drilling in the Atlantic Ocean

North Carolina’s Democratic Gov. Roy Cooper said Thursday that his administration will oppose opening up Atlantic Ocean waters to offshore oil-and-gas drilling. Cooper’s decision reverses the state’s policy under former … Click to Continue »

"Not off our coast." Governor Cooper comes out swinging against offshore drilling

No ambiguity at all in this statement: “It’s clear that opening North Carolina’s coast to oil and gas exploration and drilling would bring unacceptable risks to our economy, our environment, and our coastal communities—and for little potential gain,” said Gov. Show More Summary

North Carolina governor opposes offshore drilling

North Carolina Democratic Gov. Roy Cooper says he's opposed to drilling for natural gas and oil off the Atlantic coast, saying it's not worth the risk of harming the state's … Click to Continue »

Recent LOOP Sour rally evidence of persistent, global sour shortage: In the LOOP

The Louisiana Offshore Oil Port received no imports of Saudi Arabian or Iraqi crudes by the halfway point of July, evidence of the global sour crude shortage and competition for those barrels that has led to rising prices for regional...Show More Summary

Mexico Delays Next Oil Auction to Let Huge New Find Sink In

By Adam Williams (Bloomberg) — Mexico will delay its next offshore oilfield auctions by a month, giving international bidders more time to evaluate recent major crude discoveries that highlight the potential value of the assets. A new...Show More Summary

How the newly proposed offshore drilling program could affect your coast

Surfrider Foundation's Pete Stauffer talks about how the effects of the Trump administration plan to open more areas to offshore oil and gas drilling. The post How the newly proposed offshore drilling program could affect your coast appeared first on GrindTV.com.

White House considers drilling for oil in Farallones sanctuary

April executive order reviews marine sanctuaries for “missed opportunities” Back in April, Donald Trump signed an executive order titled “Implementing an America-First Offshore Energy Strategy,” initiating among other things “a review...Show More Summary

1 billion barrels of oil have been discovered in the Gulf of Mexico

About 1 billion barrels of oil have been discovered off Mexico's coast, amid a glut of global supplies. Premier Oil, a UK oil and gas company, said Wednesday that its Zama well was the first offshore exploration drilled by a private company in Mexico. Show More Summary

Trump Administration Approves Eni Plan to Drill Offshore Alaska

Eni US will become the first energy company allowed to explore for oil in federal waters off Alaska since 2015 after the Trump administration this week approved a drilling plan on leases the company has been sitting on for 10 years. The approval…

This Nation Just Became The World's Newest Energy Superpower

Authored by Dave Forest via OilPrice.com, Lots of news this week on energy companies from one particular spot on Earth. India. In Lebanon — where reports suggest Indian state oil firm ONGC will bid for offshore blocks. In Canada — where Indian officials are said to be negotiating coking coal supplies. Show More Summary

Trump Administration Approves Eni Plan to Drill Offshore Alaska

By Timothy Gardner WASHINGTON, July 13 (Reuters) – Eni US will become the first energy company allowed to explore for oil in federal waters off Alaska since 2015 after the Trump administration this week approved a drilling plan on leases the company has been sitting on for 10 years. Show More Summary

US approves Alaska offshore drilling from gravel island

Federal regulators have conditionally approved exploratory drilling in Alaska's Beaufort Sea by a subsidiary of an Italian multinational oil and gas company. Eni US Operating Co. Inc., part of Eni … Click to Continue »

Oil Traders Turn Bespoke Crude Tailors in Offshore Megastore

By Serene Cheong (Bloomberg) — The biggest oil traders feeling the squeeze in a world awash with crude are seeking an edge by offering tailor-made cargoes in an offshore megastore. By selling bespoke from a fleet of ships anchored off...Show More Summary

Dellner Launches New Lightweight Failsafe Brakes

Braking systems manufacturer Dellner Brakes has rolled out two new spring applied failsafe brakes to its SKP range for cranes, winches, deck machinery, oil rig draw works and other equipment, both on and offshore. Precision engineered in Sweden…

Mexico Oil Privatization Pays Off With Billion-Barrel Find

By Adam Williams and Angelina Rascouet (Bloomberg) — Mexico’s decision to allow private companies to explore for oil and gas started to pay off after the discovery of at least a billion barrels in a new offshore field. A consortium of...Show More Summary

Statoil’s Two-Well Exploratory Drilling Campaign Offshore Newfoundland Comes Up Empty

Norwegian oil company Statoil announced Monday that its two-well exploration drilling program in the Flemish Pass Basin offshore Newfoundland did not result in the discovery of any hydrocarbons. Both wells were drilled by the Seadrill West Aquarius in the Flemish Pass Basin, located approximately 500 kilometers east of St. Show More Summary

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