Trend Results : Offshore Oil

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Lebanon: Oil and gas drilling to begin in 2019

Lebanon will begin exploratory drilling for offshore oil and gas in 2019, Energy and Water Minister Cesar Abi Khalil said Friday, as the country hopes to find resources to shore … Click to Continue »

Crude imports rise as fall turnaround season ends: In the LOOP

Crude imports into the Louisiana Offshore Oil Port increased by 4.628 million barrels in November, as refinery maintenance season came to a close and amid a relatively stable Dubai/WTI spread. The move higher also comes as traders seek to draw down inventories to lower year-end tax bills. Show More Summary

Trump to Open Door for Oil Drilling Off U.S. East Coast -Sources

oil rigs, offshore drilling, drilling rigs, " data-medium-file="" data-large-file="" />By Jennifer A. Show More Summary

America’s Next Crude Export Boom May Start at this Floating Buoy Offshore Louisiana

By Sheela Tobben (Bloomberg) — A 1,000-foot ship will likely pull up to a buoy floating in the Gulf of Mexico next year, hook up its hoses and usher the U.S. into a new era as a major oil exporter. The Louisiana Offshore Oil Port, which...Show More Summary

Researchers study deepwater gas formation to prevent accidents

(University of Houston) A team of researchers from the University of Houston is working with the oil industry to develop new ways to predict when an offshore drilling rig is at risk for a potentially catastrophic accident.

National Academies' Gulf Research Program awards $10.8 million to address risk in offshore oil and gas operations

(National Academies of Sciences, Engineering, and Medicine) The Gulf Research Program of the National Academies of Sciences, Engineering, and Medicine today announced awards for six new projects totaling $10.8 million. All six projects...Show More Summary

LOOP Sour becomes lighter, sweeter for November: In the LOOP

The US crude blend LOOP Sour was lighter and sweeter in November, even as the Louisiana Offshore Oil Port saw increased imports of Iraqi Basrah Light and Kuwaiti crude oil. The oil terminal allocates one of its eight underground caverns...Show More Summary

Exxon Eyes Egypt’s Offshore Oil

by Ron Bousso (Reuters) Exxon Mobil is considering a foray into Egypt offshore oil and gas, seeking to replicate rivals’ success in the country and boost its reserves, officials and industry sources said. Officials from the world’s largest...Show More Summary

Riding the Oil Rally to Offshore Nirvana

Evercore analysts are pounding the table on offshore oil stocks. Catch-up time!

Venezuelan crude imports into LOOP tripled on year: In The LOOP

Imports of Venezuelan crude into the Louisiana Offshore Oil Port have totaled over 7 million barrels from January to November this year, almost three times the 2.5 million barrels in the same period of 2016, according to US Customs data. Show More Summary

Middle Eastern barrels headed to LOOP as Dubai premium drops: In the LOOP

Four tankers are on their way to the Louisiana Offshore Oil Port, three likely carrying Iraqi crude and a fourth partly laden with unknown barrels, according to cFlow, Platts’ trade-flow software. The VLCC Sophia sailed from Iraq through...Show More Summary

Statoil Launches “World’s First” Floating Wind Energy Project, Hywind Scotland — Where Will It Lead?

The Norwegian oil firm Statoil has confirmed its final investment decision to develop what will be the "world's first" floating wind energy project — the Hywind wind farm pilot park offshore Peterhead in Aberdeenshire (Scotland)

Oil Company Subsidies in Brazil a Huge Setback for Climate Action

In Brazil, a proposed bill would drastically lower the country's federal taxes on the country’s vast offshore oil reserves - undercutting much of the global competition in the oil sector while increasing climate change risks worldwi...

Atlantic Offshore Scotland Ltd Secures Two Year Charter with Maersk Oil UK

Leading Emergency Response and Rescue Vessel (ERRV) operator Atlantic Offshore Scotland Ltd, has secured a two-year firm charter with Maersk Oil UK. The company’s ERRV Ocean Troll, will provide Emergency Response and Rescue services for Maersk Oil’s Culzean project in the central North Sea. Show More Summary

Atlantic Offshore Secures Two-Year Charter for ERRV Ocean Troll in UK North Sea

Offshore shipping company Atlantic Offshore has secured a two-year charter with Maersk Oil in the UK for the use of the Emergency Response and Rescue (ERRV) Ocean Troll. For the charter, which commenced in July 2017, Ocean Troll will...Show More Summary

Occupational Health News Roundup

Department of Interior considers withdrawing retaliation protections for offshore oil workers; unions re-examine their role in the wake of sexual harassment revelations; America's fastest-growing jobs are also among the lowest-paying jobs; and migrant women continue to face exploitation on the job.

Norway Environmental Lawsuit Says Arctic Oil Plan Violates Constitution

offshore drilling rig " data-medium-file="" data-large-file="" />By Gwladys...Show More Summary

Iraqi crude exports fall on wide Dubai premium, fall turnarounds: In the LOOP

Imports of Iraqi crude oil to the Louisiana Offshore Oil Port declined from September to October as US Gulf Coast refiners experienced fall turnaround season and as the Dubai/WTI spread remained historically wide. LOOP imported about...Show More Summary

Statoil Opens Norway’s First Remotely-Operated Offshore Platform

Norway’s first offshore oil platform to be remotely operated from land has now come online with the opening of the land-based control room in Bergen, Norway. Statoil announced Thursday the opening of the Valemon control room, from where the Valemon platform will be remotely-controlled. Show More Summary

Peak Oil? Majors Aren’t Buying Into Threat from Renewables

oil rigs, offshore drilling, drilling rigs, " data-medium-file="" data-large-file=""...Show More Summary

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