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
Primeline Energy Holdings Inc. announces that it has sent a letter to China National Offshore Oil Corporation (CNOOC) and CNOOC China Limited (CCL) (together
by Jennifer A. Dlouhy (Bloomberg) — Environmental activists who dangled from bridges and paddled kayaks around an Arctic rig have a new strategy for stopping oil development off U.S. coasts: persuading President Barack Obama to use a 1953 law to bar offshore drilling permanently. Show More Summary
Russian shipbuilder Krasnye Barrikady has been awarded a near-$1 billion contract by Iran to build five offshore drilling rigs for use on Iran's part of the Gulf shelf,
SINGAPORE, May 20 (Reuters) – Conglomerate Keppel Corp’s offshore and marine unit signed a shareholders’ agreement with Russian oil firm Rosneft and Norwegian drilling equipment firm, MHWirth, to set up a Singapore incorporated joint venture company. Show More Summary
This week's criminal indictment of an oil company for its involvement in the Refugio oil spill in California last year comes as no surprise. After all, Plains All-American Pipelines' corroded pipes allowed more than 140,000 gallons of...Show More Summary
We’re far from the end of the oil and gas bankruptcies. Shaky company that could be next into Chapter 11 include Stone Energy, W&T Offshore, Exco Resources and Atlas Resource Partners LP.
The government has downplayed the climate impacts of oil drilling, but a new study shows that keeping oil in the ground will help fight climate change. The Brutus TLP of Green Canyon Block 158 in the Gulf of Mexico. Vessels continueShow More Summary
International offshore drilling contractor Ensco is planning to cut about 350 of offshore jobs as the company plans to stack more rigs amid the downturn in the offshore oil and gas market. The job cuts were revealed in a letter to the Texas Workforce Commission reported by the Houston Business Journal. Show More Summary
The Bureau of Safety and Environmental Enforcement is continuing its investigation of the oil release from Shell Offshore Inc.’s Glider Field on May 12. The Glider Field,
Attacks by militants in Nigeria’s oil-rich Niger Delta region have cut oil production by 800,000 barrels per day (bpd), according to the country’s petroleum minister. An offshore facility run by U.S. company Chevron, which produced 35,000...Show More Summary
The U.S. Coast Guard and Shell continued to respond over the weekend to the release of some 88,200 gallons of crude oil from a subsea flow line into the Gulf of Mexico approximately 90 miles off the Louisiana coast. Recovery methodsShow More Summary
The price of crude oil increased sharply; Marathon Oil jumped 7 percent and offshore driller Transocean rose 6 percent
Stocks are opening higher on Wall Street, led by gains in energy companies as the price of crude oil rises sharply. Marathon Oil jumped 6% early Monday and offshore driller Transocean rose 5.7%. U.S. benchmark crude oil rose 3% to almost $48 a barrel in New York after analysts at Goldman Sachs...
Offshore drilling is hitting new highs in the region, and it has its risks.
Norwegian shipbuilding group VARD has signed a Letter of Intent for the design and construction of two expedition cruise ships, its second such deal in as many months as the company looks beyond the offshore oil and gas market to stay afloat. Show More Summary
Chevron shut down an offshore oil facility after "unidentified attackers" bombed it last week, causing an oil spill. And a new militant group calling itself the Niger Delta Avengers has claimed responsibility for the attack, according...Show More Summary
The Gulf of Mexico is a goldmine for offshore oil.
It might not be a great time to start offshore drilling, with oil prices as depressed as they are, but it might just be a great time to buy an offshore drilling rig for a cut-rate price--in fact, you might be able to get one for only...Show More Summary
The shutdown rule: Major oil companies have abandoned hundreds of leases for offshore drilling rights in the United States's portion of the Arctic Ocean. Federal government documents obtained by environmental group Oceana show that ConocoPhillips Co., Italy’s Eni and Iona Energy, Inc., abandoned all their leases in the Chukchi Sea,...