DNV GL is conducting the oil and gas industry’s largest ever controlled release of carbon dioxide from an underwater pipeline at its Spadeadam Testing and Research Center in Cumbria, United Kingdom. The installation of offshore CO2 pipelines linked to depleted subsea gas reservoirs is a possible solution to mitigate CO2 emissions from power plants and […]
By Mikael Holter (Bloomberg) — Seadrill Ltd., the offshore driller controlled by billionaire John Fredriksen, reported its first quarterly loss since 2011 as a collapse in oil prices reduced demand for its rigs. The net loss of $1.83 billion came after the Hamilton, Bermuda-based company booked $1.8 billion in non-cash impairment charges to investments and […] .
Thousands of old offshore oil wells will have to be plugged to prevent them leaking, an expensive exercise. Researchers are now proposing a solution that may offer some relief for what is a major headache.
BW Offshore, a builder and operator of ships that can produce and store oil offshore, suspended its dividend until outlook for the oil sector improved, it said on Monday.
The world is running out of storage facilities for surging supplies of oil and may soon exhaust tanker space offshore, raising the chances of a violent plunge in crude prices over coming weeks, experts have warned. Goldman Sachs told...Show More Summary
In its draft leasing plan that will set the boundaries for oil development in federal waters from 2017 to 2022, the Obama Administration proposed allowing offshore drilling along the Atlantic Coast between Virginia and Georgia. Newspapers...Show More Summary
The fleet Italian oil contractor Saipem uses to carry out its offshore construction and drilling business has been properly certified and there is no risk of any Volkswagen-like scandal,
Australian offshore petroleum regulator rejected on Tuesday a proposal of the British oil giant BP to drill in the Great Australian Bight, saying the plan did not meet the criteria for "acceptance under the environment regulations," according to a statement published on the agency's website.
The Sea Party's opposition to offshore drilling is about business & place more than predictable political alignment
By James Paton (Bloomberg) — BP Plc will need to revise its plan to explore for oil in an untapped frontier off the coast of southern Australia before regulators will approve its drilling program estimated to cost more than A$1 billion ($710 million). The London-based energy producer’s plan “does not yet meet the criteria for […] .
In September, Shell Oil abandoned its offshore oil drilling projects in the Alaskan Arctic. Why is Arctic drilling so controversial and what impacts will Shell's announcement have?
SBM Offshore the world's top oil production ship leaser, said on Wednesday a fall in orders hit its third-quarter revenue as clients trimmed spending amid ongoing low oil prices.
At the end of the legislative season, Governor Brown heeded your call for more structure and responsibility for offshore oil drilling in California by passing SB 414, AB 864, and SB 295. These bills are a positive start in the rightShow More Summary
By Mikael Holter (Bloomberg) — The state’s oil income is on track to dip to the lowest in at least six years. Net income from the Norway’s direct stakes in offshore oil and gas fields for the first nine months is 13 percent behind the same period last year and barring a substantial rally […] .
In 2010, BP's massive Deepwater Horizon oil rig exploded and burned off the coast of Louisiana, killing 11 workers and causing the biggest offshore oil spillage in history. For 87 days, until the well finally was capped, millions of gallons of environmentally damaging oil flowed into the Gulf of...
The new Gobbler Offshore 290 oil spill recovery vessel (OSRV) not only excels at remediation, but harnesses the latest in environmentally sound fire suppression technology, according to its developer.
Hornbeck Offshore is set to have more than 30 OSVs fleet stacked by year-end as the slump in oil prices continues to wreck havoc on the offshore market. The company, which owns and operates a fleet new generation OSVs mostly working in the U.S. Gulf of Mexico, revealed the new numbers in its Third […] .
Norwegian oil major Statoil says it has completed a deal with ExxonMobil to explore for oil and gas offshore South Africa. Under the farm-in transaction, Statoil will acquire 35% interest in the ER 12/3/154 Tugela South Exploration Right, which covers an area of approximately 9,054 square kilometers off South Africa’s eastern coast in water depths […] .
Rosneft subsidiary RN-Exploration and ExxonMobil Exploration and Production Mozambique Offshore Ltd. will discuss the details of their participation in gas and oil exploration in three areas in Mozambique with the country's governme...
By Sabrina Valle and Peter Millard (Bloomberg) — Oil majors had big plans for Brazil, but you can’t tell by looking at the country’s offshore drilling these days. After crude was first struck in the pre-salt formation in the seas off Rio de Janeiro, producers including BP Plc and Total SA were ready to […] .