Trend Results : Offshore Oil


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13 Presumed Dead in Offshore Helicopter Crash in Norway

17 hours agoVehicles / Watercraft : gCaptain

By Stine Jacobsen and Ole Petter Skonnord OSLO, April 29 (Reuters) – A helicopter ferrying passengers from a Norwegian oil platform crashed in the North Sea on Friday, killing at least 11 of the 13 people on board, rescue officials said. Show More Summary

Feds Rely On Industry-Funded Study To Push For More Offshore Oil Exploitation

On Monday, April 25 th, President Barack Obama tweeted out the following message to nearly 74 million followers on Twitter:   We're already seeing the effects of climate change. Denial is unacceptable. #ActOnClimate pic.twitter.com/k3sphu7KgC —...Show More Summary

Challenges for Offshore Exploration

The oil discoveries are down 47% y-o-y on an annualised basis so far in 2016, global rig utilisation has dropped 22 percentage points to 73% in two years, and 29% of seismic units are inactive,

Norwegian Rainmaker Predicts Oil Crash is Near Bottom

By Jonas Cho Walsgard (Bloomberg) — Shipping is about to lead a recovery in global offshore markets that have been battered by plunging oil prices, according to one of Norway’s biggest dealmakers over the past three decades. Mads Syversen,...Show More Summary

Federal Lawmakers Propose Ban on Seismic Blasting in the Atlantic

U.S. Senators from New Jersey have introduced a bill to prohibit offshore fossil fuel exploration in the Atlantic Ocean. The legislation could play a key role in protecting the Atlantic from future offshore oil drilling.

Statoil Enters German Offshore Wind Market Through $1.4 Billion Project with EON

By Mikael Holter (Bloomberg) — Statoil ASA, Norway’s biggest oil company, bought a 50 percent stake in EON SE’s Arkona offshore wind farm, entering the German market and widening its renewable-energy portfolio as it scales back its funding for traditional fossil-fuel projects. Show More Summary

Oil Crash Creates Glut Of Petroleum Engineers - More Layoffs Coming

Submitted by Michael McDonald via OilPrice.com, $240,000. More than British Prime Minister David Cameron earns per year. Back in 2013, Oilprice.com published an article about a cook on an Australian offshore platform earning this kind of salary during the heydays in the oil sector. Show More Summary

Things are so bleak in the oil industry an offshore drilling company got a 90% discount on a $700 million rig (USO, OIL)

If you want a perfect encapsulation of just how bad it is for the energy industry, we've got a story for you. Ocean Rig, an offshore oil drilling company, just got an incredible "going out of business" deal on a deep-ocean drillship. According...Show More Summary

Syria Wants Russian Involvement to Develop Oil, Gas Sector

Syria offers Russia to participate in the exploration and development of oil and gas fields, both on land and offshore, Syrian Prime Minister Wael Nader Halqi told Sputnik.

The South China Sea Dispute Isn't About Oil, At Least Not How You Think

Despite high-profile incidents such as the one involving the HD-981 drilling rig, the SCS territorial dispute is not about oil and gas—at least not how you think. Competition over offshore oil and gas resources is a component rather than the proximate cause of the territorial disputes between China and other claimants to the SCS. Show More Summary

Angola Accuses Congo of Wrecking Joint-Offshore Oil Development Agreement

By Tom Wilson and Candido Mendes (Bloomberg) — Angola’s oil minister accused neighboring Democratic Republic of Congo’s government of wrecking an agreement to jointly develop offshore oilfields after it failed to respect the terms of the deal. Show More Summary

Statoil Looks to the Arctic to Increase Exploration off Norway

Oil firm Statoil is looking to a rebound in exploration activity offshore Norway in the next few years with a focus on the Arctic, having curbed activity due to the oil price slump,

Highest Carbon Tax in Norway Prods Statoil to Try ‘Batwind’

By Jessica Shankleman (Bloomberg) — The highest carbon tax in an oil producing nation has persuaded Norway’s state-owned driller to experiment with batteries and wind turbines as an alternative for supplying electricity to offshore rigs. Show More Summary

Cox Oil Offshore Purchases Chevron’s Gulf of Mexico Assets

Cox Oil Offshore, a privately owned oil and gas company, has acquired a number of assets in the Gulf of Mexico from US energy giant Chevron, the firm announced Monday.

Keppel Profit Drops as Oil Slump Delays Offshore Projects

By Kyunghee Park (Bloomberg) — Keppel Corp., the world’s largest builder of oil rigs, reported a 41 percent decline in first-quarter profit as weak oil prices led to delivery delays of offshore projects. Net income dropped to S$211 million ($156 million) from S$360 million a year earlier, Keppel said in a statement Monday. Show More Summary

Italy Fails to Gain Quorum in Referendum on Offshore Drilling Rights

An Italian referendum on offshore oil and gas drilling rights failed to get quorum after less than 50 percent of the electorate turned up at the ballot stations, media reported Monday.

Italy Voting in Crucial Referendum on Offshore Drilling Rights

A referendum is underway in Italy on offshore oil and gas drilling rights on Sunday, with voters deciding whether the government should revoke drilling concessions for any offshore fields less than 20 kilometers (12 miles) away from the Italian coastline.

Obama Administration Issues New Rules For Offshore Drilling

2 weeks agoNews : The Two-Way

The rules, designed to make drilling safer and reduce the risk of a blowout, come six years after the Deepwater Horizon disaster. The oil industry says some of the requirements are too costly.

ExxonMobil Exports First Cargo of Gulf of Mexico Crude

HOUSTON, April 14 (Reuters) – Exxon Mobil is shipping a cargo of crude produced from its deepwater Julia field in the Gulf of Mexico to its refinery in Rotterdam, Netherlands, marking the first export of offshore oil to leave a U.S. port since a ban was lifted. Show More Summary

Exxon Says New Rules Will Sink Deepwater Oil Drilling

By Joe Carroll (Bloomberg) — The world’s biggest oil explorers are fighting a U.S. plan to toughen offshore drilling rules that Exxon Mobil Corp. said will cost $25 billion over 10 years and render many offshore discoveries worthless. Show More Summary

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