Trend Results : Offshore Oil


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World’s First Offshore Fish Farm Rig to be Moored Off Norway

One of the world’s largest salmon producers is looking to the offshore oil and gas industry for inspiration with the development of a semi-submersible fish farm rig designed to move operations further offshore where environmental conditions are best suited for the growth of fish stocks. Show More Summary

Russian Oil Giant Rosneft Plans to Build LNG Plant in Venezuela - CEO

Russia's energy company Rosneft will extract gas offshore in Venezuela and build a liquefied natural gas (LNG) plant in the country, company's CEO Igor Sechin said Tuesday.

U.S. offshore regulator to unveil tougher environmental safeguards

CHICAGO (Reuters) - The U.S. government agency created after the 2010 Deepwater Horizon oil spill plans in coming weeks to unveil tougher financial requirements for offshore oil producers aimed at protecting taxpayers from the risk of cleaning up abandoned oil rigs, an agency executive told Reuters.

BP approves investment in Egypt gas field 15 months after discovery

LONDON (Reuters) - British oil major BP has approved investment in the first phase of developing the large Atoll gas field offshore Egypt, only 15 months after it first announced its discovery. BP, which declined to give an investment...Show More Summary

LUKoil, Eni in Talks on Joint Offshore Projects in Mexico

Russian oil company LUKoil has been in talks with Italy's energy giant Eni on a joint offshore deep-water project in Mexico, LUKoil President Vagit Alekperov said Friday.

Africa's largest oil producer might be facing a new threat

Angola — Africa's largest oil producer — might be facing a new threat. Reuters' Ed Cropley reports that in late May five militants traveled by speedboat, boarded an offshore Chevron gas platform, and threatened petroleum workers. The...Show More Summary

Tech File: Fire Boom for the US' Worst Oil Spill

On April 20, 2010, the Deepwater Horizon mobile offshore drilling platform was destroyed as a result of a catastrophic blowout of the Macondo 252 well in the Gulf of Mexico.

BP, Aker form joint offshore oil venture in Norway

STAVANGER, Norway (AP) — Norwegian holding company Aker ASA and London-based BP say they have reached a deal to combine their offshore oil and gas assets in Norway. The new joint venture, Aker BP, will merge oil company Det norske oljeselskap, in which Aker is the biggest owner, and BP’s Norwegian unit. Aker will own […]

China Oil Imports Drop To Four Month Low As Demand Is Expected To "Moderate Significantly" In 2016

One of the bright spots of demand for oil in recent months has been China, where teapot refineries have been firing on all fours following the recent loosening of import restrictions, leading to a buying scramble of offshore oil (courtesy...Show More Summary

Chevron to Lease Chouest's Brazil Vessel Base

Chevron plans to sign a 5-year agreement to lease berthing space for its vessels from U.S. oil service company Edison Chouest Offshore, Chouest's head of Brazilian operations said on Tuesday.

Iran Oil Exports Soar As Offshore Tanker Armada Comes To Tehran's Rescue

Back in mid-April, when Iran was desperate to start exporting the millions of barrels it was pumping each day out of the ground, it found it has an unexpected problem: not only did it not have enough spare tankers, but few if any shipping companies were willing to move the cargo. There were two key reasons for this. The first hurdle was residual U.S. Show More Summary

Court Ruling Could Cast Shadow Over Brazil’s Offshore Oil Sector

By Tatiana Bautzer and Guillermo Parra-Bernal SAO PAULO, June 1 (Reuters) – An appeals court ruling on whether a Liberian mortgage is valid for a Brazilian-owned oil production ship, due on Wednesday, could cast doubt on the future of secured lending for such vessels in the world’s largest deepwater market. Show More Summary

Battered by Crude Collapse, Norway Now Faces Risk of Oil Strikes

By Mikael Holter (Bloomberg) — Norway’s oil companies and the industry’s biggest union had set aside two days to negotiate over wages for offshore workers. Instead, the talks broke down after less than a minute. The failure shows the...Show More Summary

California Back in Big Oil’s Crosshairs as Feds Quietly OK Offshore Fracking

3 weeks agoNews : Truthdig

By Nadia Prupis / Common Dreams “This move paves the way for offshore fracking permits that were previously frozen and the dumping of toxic wastewater directly into the Pacific Ocean.”

Watch Mark Wahlberg Fight Through the 'Deepwater Horizon' Disaster

Mark Wahlberg strives to survive the disaster that sparked the devastating 2010 BP oil spill in the new trailer for Deepwater Horizon. The film focuses on a crew of workers stationed at the titular offshore oil rig, centered around Wahlberg's portrayal of Mike Williams (in The New York Times article the movie is...

Why We Must Continue to Protect the Atlantic

Earlier this year, our efforts to protect our ocean, waves and beaches off the Atlantic scored a major victory when the Obama Administration excluded areas along the Atlantic coast from offshore oil drilling in the 2017-2022 leasing plan. Show More Summary

Small offshore oil spills put seabirds at risk

Seabirds exposed to even a dime-sized amount of oil can die of hypothermia in cold-water regions, but despite repeated requests by Environment Canada, offshore oil operators are failing when it comes to self-monitoring of small oil spills, says new research. Show More Summary

Small offshore oil spills put seabirds at risk: Industry self-monitoring failing

TORONTO, May 26, 2016 - Seabirds exposed to even a dime-sized amount of oil can die of hypothermia in cold-water regions, but despite repeated requests by Environment Canada, offshore oil operators are failing when it comes to self-monitoring of small oil spills, says new research out of York University. read more

BP, Shell Among Bidders to Run Qatar’s Largest Offshore Oil Field, Currently Operated by Maersk

By Tom Finn DOHA, May 25 (Reuters) – Six international oil firms including BP and Royal Dutch Shell Plc have bid to operate Qatar’s largest offshore oil field, two people with knowledge of the matter told Reuters. The other bidders are...Show More Summary

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