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Keyword: offshore

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  • Reality Check on the Deepwater Horizon Oil Spill Impacts

    02/21/2015 7:17:15 AM PST · by rktman · 9 replies ^ | 2/21/2015 | Sierra Rayne
    As the litigation for the Deepwater Horizon (DWH) oil spill lurches through the legal system, the case has become a magnet for those seeking to take advantage of the deep-pockets oil industry defendant. In addition to those looking to prosper directly from the spill, the environmentalists and their mainstream media allies have exploited the situation to make their case against the use of oil in general -- and more specifically, against offshore drilling and oil production. If you restrict your reading on the topic to what appears in the mainstream media, you may be convinced that the science shows the...
  • As Deepwater Contracts Fail, Offshore Driller Strikes 6 Rig Years And $1 Billion From Backlog

    02/13/2015 10:22:41 AM PST · by thackney · 2 replies
    Oil Pro ^ | 2/13/2015 | Joseph Triepke
    Seadrill disclosed this morning that two of its three-year contracts for ultra-deepwater rigs with Petrobras in Brazil have failed. Seadrill had booked $1.1bn into its backlog associated with the contracts last quarter. That backlog, and the six rig years of work it represents, is now being written off as the contracts are no longer expected to be honored as signed. While there has been a sprinkling of offshore rig contract terminations here and there since oil prices started falling, most have been for contracts well underway and most have been related to a single operator, Statoil, that has been right-sizing...
  • BW Confirms Five Deaths, Four Missing in FPSO Explosion Offshore Brazil

    02/13/2015 4:39:49 AM PST · by thackney · 7 replies
    Rig Zone ^ | February 12, 2015 | BW Offshore |
    Norway's BW Offshore confirmed Thursday that of the 74 persons onboard the Cidade de Sao Mateus FPSO, there have been five fatalities, with four crew still missing. The remaining crew are all accounted for and receiving medical care where needed, with two in critical condition and for safety reasons, have all been taken off the unit. The next of kin have been informed and all personnel are being attended to by a special support team established by BW Offshore Brazil. Search and rescue operations continued into the night following the explosion onboard the Floating Production Storage and Offloading (FPSO) unit...
  • Hercules Offshore lays off 30 percent of workforce

    02/13/2015 4:29:49 AM PST · by thackney · 4 replies
    Fuel Fix ^ | Ryan Holeywell | Ryan Holeywell
    Offshore driller Hercules Offshore has laid off 30 percent of its workforce since October, company officials said on a conference call with analysts Thursday. The Houston-based company had about 2,200 employees, according to its most recent annual report. A company executive said Hercules has shed 672 workers in several rounds of layoffs in recent months. That would be just about double the number of employees Hercules said it would lay off by the end of December in a similar announcement last year. John Rynd, the companyís CEO, also said the company may consider cutting its contribution to workersí 401K plans...
  • BSEE to Investigate Damage to Unmanned Platform off Louisiana Coast

    01/25/2015 8:10:39 AM PST · by thackney · 11 replies
    Rig Zone ^ | anuary 23, 2015 | Gene Lockard
    The Bureau of Safety and Environmental Enforcement (BSEE) and the U.S. Coast Guard are preparing to investigate an unmanned platform off the coast of Louisiana that has been damaged, BSEE said in a statement. The platform is operated by Energy XXI, GOM, LLC, and is located in 50 feet of water in South Timbalier (ST) Block 27 in the Gulf of Mexico, about 5 miles south of port Fourchon, Louisiana. Energy XXI reported to BSEE at approximately 4:30 a.m. that the ST 27 IA platform had been damaged, and that the damage was possibly caused by a vessel. There was...
  • Video: Anadarko turns massive Gulf spar into marine habitat

    01/25/2015 7:46:15 AM PST · by thackney · 5 replies
    Fuel Fix ^ | January 23, 2015 | Collin Eaton
    Anadarko Petroleum Corp. has turned a 7,200-ton cell spar hull into a dark cave-like habitat for fish, sea anemones and other deep-sea creatures 200 miles off the coast of Louisiana. The Red Hawk spar facility, which began its operations in the Gulf of Mexico a decade ago, is a series of 560-feet-long steel cylinders used to keep Anadarkoís deep-water natural gas production equipment afloat. The Woodlands oil explorer hopes its $30 million investment to transform it into an artificial reef in late September will be a boon to the fishing industry that supports local economies along the Gulf Coast, said...
  • Anadarko pumps first oil at Lucius field in the Gulf

    01/19/2015 9:55:31 AM PST · by thackney · 35 replies
    Fuel Fix ^ | January 19, 2015 | Collin Eaton
    Anadarko Petroleum Corp. has harvested the first barrels of petroleum at its deep-water Lucius project in the Gulf of Mexico, one of the biggest startups expected in the U.S. offshore region this year. The Woodlands-based oil explorerís massive Lucius production facility includes a 23,000-ton truss spar, which is a 110-foot-diameter floating cylindrical hull that can handle up to 80,000 barrels of oil and 450 million cubic feet of natural gas a day. The Lucius field, named after an heir to the Roman throne, houses 300 million barrels of oil equivalent about 230 miles offshore in 7,200 feet of water. The...
  • China's Yards Brace for Leaner Times as Oil Slump Sours Rig Building Spree

    01/19/2015 8:20:16 AM PST · by thackney · 2 replies
    Reuters via Rig Zone ^ | January 19, 2015 | Brenda Goh & Rujun Shen
    For China's shipyards, the oil rig market that was supposed to be a blessing is in danger of becoming a curse. As crude prices slide, oil producers are slashing new project spending. With a near 40 percent slice of a global market worth tens of billions of dollars, Chinese rig builders that offered juicy financing terms and discounts to leapfrog Asian rivals in recent years are now the most exposed to a slowdown. Diversifying to pull out of a downturn in traditional shipbuilding, China's state and privately owned yards have lured orders away from regional peers, building scores of rigs...
  • A fifth undersea communications cable damaged (Whats going on?)

    02/06/2008 10:34:16 AM PST · by maquiladora · 135 replies · 648+ views
    Digital Silence ^ | February 6, 2008, 9:21 am
    What is going on?? It appears that a fifth undersea communications cable has been damaged. The estimated 1.7 million Internet users in the UAE have been affected by the recent undersea cable damage. A total of five cables being operated by two submarine cable operators have been damaged with a fault in each. These are SeaMeWe-4 (South East Asia-Middle East-Western Europe-4) near Penang, Malaysia, the FLAG Europe-Asia near Alexandria, FLAG near the Dubai coast, FALCON near Bandar Abbas in Iran and SeaMeWe-4, also near Alexandria.
  • Don't expect a Cuban oil bonanza

    12/19/2014 4:48:35 AM PST · by thackney · 9 replies
    Politico ^ | 12/17/14 | MATT DAILY and ELANA SCHOR
    More U.S. travelers may soon start flocking to Cuba, but donít expect oil executives to follow them. Cuba is believed to hold sizable oil and gas resources off its northwest coast, in the eastern Gulf of Mexico ó raising speculation that the Communist nation could become an attractive target for energy companies if Wednesdayís diplomatic thaw eventually leads to the end of the five-decade-old U.S. trade embargo. But exploration by Brazilian, Malaysian and Spanish companies in the past few years has failed to produce any gushers ó and the current worldwide glut of cheap oil is not going to encourage...
  • Exxon and ConocoPhillips make record-breaking bid for offshore exploration rights

    12/18/2014 7:07:14 AM PST · by thackney · 18 replies
    Houston Business Journal ^ | Dec 17, 2014 | Olivia Pulsinelli
    Exxon Mobil Corp., ConocoPhillips and Canada-based Suncor Energy Inc. The parcel is in the Flemish Pass offshore Newfoundland in northeast Canada. That's where Norway-based Statoil ASA (NYSE: STO) last year made a major oil discovery, its third in the Flemish Pass Basin. The record-breaking bid comes as oil prices have fallen to their lowest levels in years, though production is still going strong, Houston Business Journal previously reported. The news helped boost ConocoPhillips' stock on Dec. 16, when it reached $64.94 per share, up nearly 6 percent, before closing at $63.24, up 2.5 percent. Similarly, Exxon's stock jumped to $89.14...
  • Obama shift on Cuba wonít mean big oil boom in Gulf of Mexico

    12/18/2014 4:46:59 AM PST · by thackney · 6 replies
    Fuel Fix ^ | December 17, 2014 | Jennifer A. Dlouhy
    President Barack Obamaís decision to normalize relations between the United States and Cuba may lead to more commercial opportunities for Americans within the island nation. But donít expect U.S. oil producers to move swiftly to take advantage of them. Although geologists believe billions of barrels of crude may be lurking off Cubaís coast in the Gulf of Mexico, oil companies have had a hard time finding that black gold. When Repsol, Petronas and other oil companies bored exploratory wells in 2012 and 2013, they turned up dry. In some cases, oil wasnít found, and in others, the discovery was not...
  • Companies announce first oil from deep-water Gulf fields

    12/02/2014 8:40:55 AM PST · by thackney · 4 replies
    Fuel Fix ^ | December 2, 2014 | Don Mason
    Oil and gas production has begun at the Jack/St. Malo project in the deep-water Gulf of Mexico, companies involved in the project announced. Chevron Corp. and Statoil said the fields are located about 25 miles apart in 7,000 feet of water 280 south of New Orleans. Chevron said the fields, discovered a decade ago, eventually will reach daily production of 94,000 barrels of oil and 21 million cubic feet of natural gas. Chevron has a 50 percent working interest in the Jack field, with Statoil and Maersk splitting the remaning half. Chevron holds a 51 percent working interest in the...
  • Statoil Defers Decision on $5.7B Oil Recovery Project

    12/01/2014 8:40:52 AM PST · by thackney · 7 replies
    Rig Zone ^ | December 01, 2014 | Reuters
    Norway's Statoil said it has postponed a decision to invest 40 billion crowns ($5.74 billion) in a mature field, saying that it needed more time to refine the project as its profitability was under threat. Statoil said it would decide in October next year instead of March whether to go ahead with a new platform at the Snorre field in the Norwegian Sea as it hoped to cut costs and get more precise cost estimates. The project, which could squeeze another 240 million barrels of oil out of the field, has been in doubt due to high costs, and uncertainty...
  • Feds announce largest-ever competitive lease sale for offshore wind

    11/24/2014 11:42:10 AM PST · by thackney · 50 replies
    Fuel Fix ^ | November 24, 2014 | Ryan Holeywell
    The federal government today announced that it will hold its largest-ever competitive lease sale for offshore wind development in January. The feds will allow a dozen developers to bid on access to more than 742,000 acres off the coast of Massachusetts (map) starting Jan. 29, the Interior Department said Monday. The sale would triple the amount of federal offshore acreage available for commercial-scale offshore wind development, the department said. That area ó if fully developed ó could support as much as five gigawatts of commercial wind generation, enough to power more than 1.4 million homes, according to the U.S. Department...
  • Statoil Scuttles Ultra-deepwater Rig Contract; Pays $350mm To Back Away

    11/21/2014 10:10:17 AM PST · by thackney · 6 replies
    Oil Pro ^ | 11/21/2014 | Joseph Triepke
    Statoil announced this morning that effective today it is cancelling its contract for the Stena Carron, an ultra-deepwater drillship constructed in 2008. The Stena Carron was under contract to Statoil for a 3-year term, and is only about a half-a-year in. The 2.5 year contract cancellation will cost Statoil $350 million. Statoil signed the contract for the Stena Carron back in March 2013, and was paying a dayrate of around $630,000 per day for the rig. The total contract value remaining was about $585mm for the rig, and ancillary costs mean the total spread cost here likely would have run...
  • Researchers, Ahoy! Should Futurist Science MoveÖ Offshore?

    11/20/2014 11:06:48 AM PST · by Mellonkronos · 13 replies ^ | November 9, 2014 | Nikki Olson
    Interesting here to see transhumanists again talking about moving offshoreóliterally!óto avoid government regulations. -- Mellonkronos ďResearchers, Ahoy! Should Futurist Science MoveÖ Offshore?" By Nikki Olson November 9, 2014 What is the likelihood of seeing research vessels devoted to scientific research outside the bounds of national jurisdiction? The idea of relocating for the sake of circumventing law, in particular the notion of establishing new nations in international waters, is an idea typically initiated with liberty in mind. The Principality of Sealand, for instance, established in 1967, was founded with the intention of creating a space free from ďoppressive laws and...
  • Shocking Video Shows Spanish Navy Attacking Greenpeace Protesters Off Canary Islands

    11/16/2014 3:16:11 PM PST · by artichokegrower · 46 replies
    gCaptain ^ | November 16, 2014 | Rob Almeida
    In a bold move of aggression on Saturday morning, Spanish Navy rigid-hulled inflatable boats repeatedly slammed into Greenpeace protesters off the Canary Islands. The activists were protesting against an offshore drilling campaign headed up by Repsol utilizing the Rowan Renaissance drillship.
  • Norway's Fred. Olsen Energy Sees Tough Rig Market Ahead

    10/28/2014 10:17:31 AM PDT · by thackney · 7 replies
    Rig Zone ^ | October 28, 2014 | Reuters
    Norway's Fred. Olsen Energy said the global rig market would struggle with lower demand and oversupply as it reported third-quarter profits below expectations on Tuesday. Rates in the offshore rig market have fallen from a 2013 high as oil companies cut spending and as newly built rigs enter the market, creating overcapacity. "(There is) continued low contracting activity in all market segments," the firm said in presentation material. "An increase in number of idle rigs is seen, predominantly in international mid water and deepwater markets ... As a result, dayrates have decreased in all market segments." Rival Maersk Drilling, a...
  • Russia can drill in Arctic, even without Exxon Ė energy official

    10/01/2014 5:21:38 AM PDT · by thackney · 13 replies
    RT ^ | September 29, 2014 | RT
    Drilling in the Kara Sea will continue into next year, even if sanctions prevent US firm ExxonMobil from participating, Russiaís Deputy Energy Minister Kirill Molotsov said Monday. According to Molotsov, Russia can independently go ahead with the necessary drilling in the Kara Sea in 2015 with the help of drilling platforms owned by Russian companies. Russiaís largest oil company, Rosneft has opened a large deposit of oil and gas in the area. "In total, we have about eight units of 100 percent Russian-owned platforms,Ē the deputy energy minister said. In the event Exxon leaves, work in the Arctic will continue,...
  • What Offshore Oil Might Mean for an Independent Scotland

    09/18/2014 8:10:43 AM PDT · by thackney · 3 replies
    American Interest ^ | September 17, 2014 | WALTER RUSSELL MEAD & STAFF
    Thereís still plenty left to parse ahead of Scotlandís historic independence referendum tomorrow, not the least of which are very real concerns over what a ďyesĒ vote might mean for the countryís energy ambitions. The North Sea is lousy with oil deposits (though production from many of these seems to be tapering off), and many of the pro-independence agitators have campaigned on a desire to claim more of the revenues from these offshore plays. But as the New York Times reports, these fields could prove fractious for the Scotland-UK relationship: [A] yes vote on Thursday could lead to protracted wrangling...
  • Feds reveal details on Shellís Arctic ambitions

    09/17/2014 5:01:54 AM PDT · by thackney · 2 replies
    Fuel Fix ^ | September 16, 2014 | Jennifer A. Dlouhy
    More details came to light Tuesday on Shellís plans for exploratory oil drilling in the Chukchi Sea north of Alaska, as federal regulators released a copy of the companyís broad Arctic drilling blueprint. Shell filed the document with the Bureau of Ocean Energy Management last month, a milestone in its quest to resume drilling in the region after its previous, attempt two years ago was marred by mishaps. Shell is aiming to drill up to six wells on separate lease blocks encompassing its Burger prospect in the Chukchi Sea, with work unfolding over several years. It plans to put two...
  • Industry Group: Brazil 'Falling Off World Oil Map' Over Failed Policies

    09/16/2014 6:02:03 AM PDT · by thackney · 21 replies
    Reuters via Rig Zone ^ | September 16, 2014 | Jeb Blount
    Investors are losing interest in Brazil's oil industry as the country's energy policies raise costs, reduce efficiency and increase risk, Brazil's oil industry association, the IBP, said on Monday. Without changes Brazil will likely lose out to places such as Mexico, Iran, Iraq and Algeria where policies are becoming more open to private sector investment. "I went to the three largest oil conventions in the world this year and you hardly heard Brazil's name mentioned," Milton Costa Filho, Executive Secretary of the IBP told reporters at an industry event in Rio de Janeiro. "Brazil is falling off the world oil...
  • Botched safety test, extra drilling key to ďrecklessĒ BP ruling

    09/08/2014 5:26:02 AM PDT · by thackney · 3 replies
    Fuel Fix ^ | September 5, 2014 | Collin Eaton
    A federal judgeís ruling that BP was reckless in the lead-up to the Gulf of Mexico oil spill hinged on mishandling of well integrity tests and a decision to drill deeper than was deemed safe, among other factors the judge said were ďmotivated by profit.Ē For years, the London oil company has been waging courtroom warfare over the events before the worst oil spill in U.S. history, pointing to alleged mistakes by cement contractor Halliburton and rig operator Transocean, which owned the Deepwater Horizon rig where 11 workers died in an explosion as the disaster unfolded. U.S. District Judge Carl...
  • After Offshore Oil Failure, Cuba Shifts Energy Focus

    08/12/2014 5:29:23 AM PDT · by thackney · 5 replies
    Rig Zone ^ | August 11, 2014 | Reuters
    Cuba has shifted its focus away from offshore oil, concentrating on renewable energy and improving output from onshore wells due to a lack of interest by foreign companies for further deepwater exploration,... With so much oil readily available around the world, oil companies...see little incentive in drilling off the Caribbean island, delaying the Cuban dream of oil wealth that could inject vigor into its socialist revolution... Russia's state-run Rosneft and the China National Petroleum Company separately agreed last month to help Communist-run Cuba extract more oil along the traditional northwest heavy oil belt, but did not sign on to deepwater...
  • Obama opens rift with greens: Moving toward opening the Atlantic Ocean to drilling

    08/11/2014 2:22:45 PM PDT · by SeekAndFind · 5 replies
    The Hill ^ | 08/11/2014 | Laura Barron Lopez
    President Obama is moving toward opening the Atlantic Ocean to drilling in a major shift in U.S. policy that cuts against the administration's efforts to reduce global warming. Environmental groups applauding the president's pursuit of new power plant rules meant to reduce climate change are now preparing for a major battle over authorizing drilling in the Atlantic, and possibly the Arctic and Pacific oceans. President Obama is moving toward opening the Atlantic Ocean to drilling in a major shift in U.S. policy that cuts against the administration's efforts to reduce global warming. Environmental groups applauding the president's pursuit of new...
  • Exxon Oil Rig Enters Uncharted Waters of Russian Political Storm

    07/21/2014 6:54:24 AM PDT · by thackney · 6 replies
    Reuters via Rig Zone ^ | July 21, 2014 | Balazs Koranyi and Gwladys Fouche
    An ordinary, long-scheduled journey of an oil drilling rig into Arctic waters is turning into a major political exercise, attracting international scrutiny and creating a dilemma for ExxonMobil. Exxon, the top U.S. oil major and the world's most valued oil company, is bringing the rig, called West Alpha, from Norway to the Russian Arctic. It is hoping for a major discovery in the Kara Sea with Russian partner Rosneft. The journey has begun just as the United States has slapped the toughest sanctions yet on Russia, including on Rosneft, over escalating violence in Ukraine. Further sanctions are likely after the...
  • Obama Approves Sonic Cannons, Reopening Oil Exploration Off US Eastern Shore(What's His Game Plan?)

    07/18/2014 1:54:58 PM PDT · by lbryce · 14 replies
    AP ^ | July 18, 2014 | JASON DEAREN
    Opening the Eastern Seaboard to offshore oil exploration for the first time in decades, the Obama administration on Friday approved the use of sonic cannons to discover deposits under the ocean floor by shooting sound waves 100 times louder than a jet engine through waters shared by endangered whales and turtles. The U.S. Bureau of Ocean Energy Management's approval of this technology is the first step toward identifying new oil and gas deposits in federal waters from Florida to Delaware
  • Feds OK first-in-decades oil studies off East Coast

    07/18/2014 11:21:43 AM PDT · by thackney · 17 replies
    Fuel Fix ^ | July 18, 2014 | Jennifer A. Dlouhy
    The Obama administration on Friday gave the oil industry the green light to use air guns and sonic sensors to search for possible oil and gas under Atlantic waters, overriding environmentalists concerned that the seismic research can harm whales and other marine life. Although geophysical research companies will still have to apply for individual permits to conduct seismic studies along the south- and mid-Atlantic coast ó and undergo more rigorous environmental scrutiny of their specific plans ó the Interior Departmentís formal decision opens the door for the activity. Fridayís move also helps pave the way for possible drilling off the...
  • China Removes Contentious Oil Rig From Waters Claimed by Vietnam

    07/16/2014 5:47:29 AM PDT · by Cringing Negativism Network · 6 replies
    Time ^ | 4:40 AM 7/16 | David Stout
    On Tuesday, the state-backed China Oilfield Services Limited said the billion-dollar platform, which had been drilling in the heart of highly contested waters claimed by Vietnam, had ďprecisely extracted the related geological data as plannedĒ and was being redeployed to sea blocks off Chinaís Hainan Island. (Please see full article at link)
  • In Push to Assert Rights, China Plans to Send 2nd Oil Rig to Waters Near Vietnam

    06/20/2014 6:00:47 AM PDT · by Cringing Negativism Network · 4 replies
    New York Times ^ | JUNE 19, 2014 | JANE PERLEZ
    HANOI, Vietnam ó The day after tough talks between Vietnam and China that made no progress over a Chinese oil rig in the South China Sea, the Chinese government said Thursday it was sending a second rig to waters close to Vietnam.
  • Chevron goes to extremes in the Gulf of Mexico

    06/10/2014 4:52:40 AM PDT · by thackney · 8 replies
    Fortune ^ | JUNE 9, 2014 | Brian O'Keefe
    The oil giant is spending billions to tap new oil fields in deepwater far offshore. Take an up-close look at how itís done. ďYou saw Jack? What was it like?Ē Jason Morehouse, 35, is wearing navy-blue coveralls. Around six feet tall, he has a buzzcut under his hardhat and a thick goatee that extends about two inches below his chin. At the moment heís giving me a tour of Tahitiónot the Polynesian island, but a $2.7 billion Chevron oil production platform about 190 miles south of New Orleans. Tahiti sits in more than 4,000 feet of water and is a...
  • China's Massive Disputed Oil Rig Near Vietnam Is Now Drilling

    05/27/2014 6:00:55 AM PDT · by blam · 8 replies
    BI ^ | 5-27-2014 | Reuters
    China's Massive Disputed Oil Rig Near Vietnam Is Now Drilling ReutersMay 27, 2014, 6:20 AM ÔÉĀ A giant Chinese oil rig has finished its first round of drilling in South China Sea waters also claimed by Vietnam and moved to another site in the area, the rig's operator, China Oilfield Services Ltd (COSL), said on Tuesday. In a statement, COSL said exploration would still take place off the Xisha islands, China's name for the disputed Paracel chain, suggesting the rig was not moving far. In early May, the rig was deployed between the Paracel islands and the Vietnamese coast, sparking...
  • Drones give energy companies high hopes for safer work

    In the Alaskan tundra, inspecting a pipeline isnít easy. Most pipelines donít follow what few roads are there, so trucks often arenít an option. And using low-flying airplanes can be unsafe to pilots in snowy, windy weather. Now, though, the emergence of sophisticated, pilotless aircraft is presenting energy companies with another possibility for keeping an eye on operations in the Arctic and other harsh environments where they often work. Unmanned aerial vehicles flying over pipelines while outfitted with special sensors could detect leaks quickly. And thatís not the only potential application. Energy companies are testing drones to inspect hard-to-reach spaces...
  • Spill-containment system for Gulf nears completion

    05/07/2014 6:36:50 AM PDT · by thackney · 6 replies
    Fuel Fix ^ | May 7, 2014 | Matthew Tresaugue
    Marine Well Containment Co. will complete an even larger system for responding to oil spills in the Gulf of Mexico by the end of the year. Marty Massey, the Houston-based companyís chief executive, told an Offshore Technology Conference audience Tuesday that the spill-containment system will be able to collect up to 100,000 barrels of oil a day from a leaking well in 10,000 feet of water. It includes a capping stack rated for 15,000 pounds of pressure per square inch. The expanded system will be available roughly four years after the non-profit company was formed by Exxon Mobil, Chevron Corp.,...
  • Failure marked Shellís Gulf quest before massive discovery

    05/07/2014 5:34:44 AM PDT · by thackney · 13 replies
    Fuel Fix ^ | May 6, 2014 | Collin Eaton
    A decade before Royal Dutch Shell fired up production at one of the largest offshore facilities in the world, it drilled an expensive dry hole. Salt canopies laying on top of massive oil deposits in the Gulf of Mexico baffled 1990s seismic imaging technology that Shell used to decide where it could hit its payload. In 2003, the European oil giant struck an area that stunned geoscientists: its oil prospect was no where to be found. ďWe werenít sure what happened,Ē Robert Sloan, Shellís Mars B subsurface coordinator, said in a talk about Shellís massive Olympus platform during the Offshore...
  • Offshore industry has worst-case scenario technology at four strategic sites

    05/06/2014 5:38:26 AM PDT · by thackney · 6 replies
    Fuel Fix ^ | May 5, 2014 | Ryan Holeywell
    The energy industry has deployed technology in four strategic sites worldwide thatís designed to stop the most devastating offshore blowouts. ďHopefully weíll never have to use it,Ē said Andrzej Kaczmarski of the Subsea Well Response Project, a non-profit joint initiative of the companies. But, he added, ďweíll be ready if anything Ö is needed.Ē Kaczmarski spoke about the project, launched in 2011, during the Offshore Technology Conference at NRG Park in Houston on Monday. The project was the result of a recommendation by the International Association of Oil & Gas Producers on the heels of the Deepwater Horizon offshore blowout...
  • Gulfís bounty commands attention amid shale drilling boom

    05/05/2014 5:27:52 AM PDT · by thackney · 8 replies
    Fuel Fix ^ | May 4, 2014 | Jennifer A. Dlouhy
    Seven decades after oil companies first bored wells beneath the Gulf of Mexico, it retains its allure, as recent discoveries tempt the industry with the prospect of pulling crude from 200-million-year-old rock buried miles below the seafloor. The Gulfís appeal is so strong that it anchors many oil companiesí portfolios, despite an onshore drilling boom that is putting rigs to work from North Dakota to West Texas. ďThis basin keeps reinventing itself,Ē said University of Texas Austin geologist John Snedden. ďWe keep finding new plays. And thatís why everybodyís here.Ē The oil riches of the Gulf and coastal territories around...
  • Four years later: BP busier than ever in the Gulf of Mexico

    04/21/2014 5:58:46 AM PDT · by thackney · 2 replies
    Fuel Fix ^ | April 21, 2014 | Collin Eaton
    BPís oil empire began to shrink many decades before a massive oil spill first fouled the Gulf of Mexico and then nearly toppled its industry reign four years ago Sunday. Forty years ago, Saudi Arabia and other oil-rich states began to siphon BPís 1 billion barrels of Middle Eastern oil ó four-fifths of its reserves in 1975 ó into state-owned companies like Saudi Aramco. That tightening grip on global oil is one big reason BP, even after the worst offshore oil spill in American history, is doubling down on the Gulf of Mexico. The London oil company in 2012 sold...
  • Norway Giant N.Sea Oil Project Could Face Delay Over Power Plan

    03/26/2014 10:08:35 AM PDT · by thackney · 4 replies
    Rig Zone ^ | March 26, 2014 | Reuters
    Development of the Johan Sverdrup oilfield in the North Sea may be delayed by a year and cost more than planned if Norway's parliament insists on having it be powered from shore, the Dagens Naeringsliv daily newspaper reported on Wednesday. The biggest North Sea field find in decades, it has reserves of up to 2.9 billion barrels of oil equivalent and is expected to start production in 2019 at an initial cost estimated at 100 billion to 120 billion crowns ($16.4 billion-$19.7 billion). Statoil has committed to power the first phase from shore, a move in line with the government's...
  • BP regains ability to do work for government (exempt LA RAT Landrieu jazzed)

    03/15/2014 3:18:15 PM PDT · by Libloather · 2 replies
    Journal Gazette ^ | 3/14/14 | DINA CAPPIELLO
    **SNIP** The new chair of the Senate Energy Committee, Sen. Mary Landrieu, praised the agreement. ďBP has rightly been held responsible in a court of law and should continue to make whole the individuals and businesses that were impacted by the oil spill, but barring them from entering new contracts on top of that amounted to double jeopardy and set a terrible precedent that I hope will not be repeated,Ē said Landrieu, D-La. ďThe good news is that BP will now be able to participate in next weekís lease sale that will bring much-needed revenue to Louisiana and other oil-producing...
  • Deep-water giant begins production in Gulf of Mexico field (photos at link)

    02/04/2014 11:07:03 AM PST · by thackney · 20 replies
    Fuel Fix ^ | February 4, 2014 | Zain Shauk
    Royal Dutch Shell has started production from its Olympus platform in the deep waters of the Gulf of Mexico that could extend production at the Mars field through 2050, the company said Tuesday. The Olympus platform, located in water 3,000 feet deep about 130 miles south of New Orleans, will eventually add up to 100,000 barrels of oil equivalent per day to production from the Mars field. Itís the first major project Shell has launched in the Gulf since the partial federal drilling moratorium that lasted three months in 2010 after the worst oil spill in U.S. history, when BPís...
  • Supreme Court extends protections for multinational companies

    01/14/2014 1:17:18 PM PST · by Lurking Libertarian · 26 replies
    The Washington Post ^ | January 14, 2014 | Robert Barnes
    The Supreme Court on Tuesday extended protection for multinational companies from lawsuits in the United States over conduct that took place in other countries. The justices threw out a case in California that sought damages from Daimler AG for its alleged complicity in atrocities committed in Argentinaís 1976-to-1983 ďDirty War.Ē The company manufactures Mercedes-Benz automobiles and has a subsidiary, Mercedes-Benz USA, that does business in California and other states. But Justice Ruth Bader Ginsburg, writing for a unanimous court, said those connections were too tenuous to mean the company could be sued in U.S. courts. Ginsburg said that under the...
  • BP, ConocoPhillips announce Gulf of Mexico oil discovery

    12/18/2013 10:27:27 AM PST · by thackney · 29 replies
    Fuel Fix ^ | December 18, 2013 | Emily Pickrell
    BP and ConocoPhillips said Wednesday they have made a significant oil discovery at the jointly owned Gila prospect in the deep-water Gulf of Mexico. The Gila exploration well, about 300 miles southwest of New Orleans, is in nearly 5,000 feet of water and has total depth of more than 29,000 feet, pushing the boundaries of the latest offshore drilling technology with its high pressure and high temperature conditions. The reservoir is BPís third in the Paleogene system, where the company made its Kaskida and Tiber discoveries in 2006 and 2009. The Keathley Canyon, the site of the Gila discovery, was...
  • Governor McCrory raises North Carolina profile in offshore drilling push

    12/09/2013 9:17:01 AM PST · by tightoil67 · 3 replies
    NEWSOBSERVER ^ | 12/04/2013 | John Murawski
    DURHAM ó North Carolina is among a group of coastal states pressing the Obama administration to end a two-decade moratorium and allow offshore exploration for oil and natural gas. Advocates here are hoping to get North Carolina included on the federal list of ocean waters to be set aside for future exploration. Gov. Pat McCrory was recently made vice chairman of the two-year-old Outer Continental Shelf Governors Coalition, giving the state a higher profile in offshore drilling. McCrory described his involvement at an energy conference Wednesday organized by the N.C. Chamber, the state's influential business lobbying organization. Offshore drilling in...
  • Study: Atlantic drilling could give economy $23.5B boost

    12/08/2013 5:54:25 AM PST · by thackney · 22 replies
    Fuel Fix ^ | December 5, 2013 | Jennifer A. Dlouhy
    If companies were allowed to drill for oil and gas in Atlantic waters off the East Coast, the work would help create nearly 280,000 new jobs and contribute some $23.5 billion to the U.S. economy each year by 2035, according to a study unveiled Thursday by two industry trade groups. The report by Sugar Land, Texas-based Quest Offshore Inc. also projects that the activity could yield 1.3 million barrels of oil equivalent per day, based on current estimates of the amount of crude and natural gas lurking along the East Coast. Commissioned by the National Ocean Industries Association and the...
  • Israel seeks to buy German missile boats to protect offshore gas

    12/05/2013 11:48:09 PM PST · by sukhoi-30mki · 6 replies
    Haaretz, Israel ^ | Barak Ravid | Barak Ravid
    In previous navy purchases, Germany agreed to cover one third of the cost as a way of expressing its commitment to Israelís security. Israel is seeking to buy advanced missile boats from Germany to protect drilling operations in its offshore natural gas fields. The government is hoping the deal can be concluded at a cost of about 1 billion euros. Israel previously bought six Dolphin submarines from Germany. The German government agreed to cover one third of the cost of those purchases, as a way of expressing its commitment to Israelís security. Berlin hasnít yet responded to the current request,...
  • Royal Dutch Shell: hull of world's largest floating oil platform launched in South Korea

    12/03/2013 6:34:43 AM PST · by oxcart · 16 replies
    Fox News/AP ^ | 12/03/13
    <p>Royal Dutch Shell PLC says it has completed building the hull of the world's largest floating facility, which has been constructed to process natural gas off the coast of western Australia.</p> <p>Shell said Tuesday that the 488-meter (1,600 foot) hull of the structure, known as "Prelude," was floated out of the dry dock in Geoje, South Korea where it is being built.</p>
  • ObamaCare cover girl revealed -- and she has not signed up (Foreign National)

    11/13/2013 8:26:06 AM PST · by null and void · 43 replies ^ | November 13, 2013
    The face of the ill-fated launch of ObamaCare belongs to a Maryland woman who didn't earn a dime for her trouble and, despite being eligible, hasn't even tried to enroll in the president's signature health insurance program. In exclusive comments to ABC News, the smiling brunette identified only as ďAdriana,Ē who previously adorned the Affordable Care Actís website, said cruel comments online linking her to the website's well-chronicled problems amounted to cyberbullying. A married mom from Maryland, she became known as "Glitch Girl," and several spoofs photoshopped the expression on her face to go with satirical versions of the site.
  • Russia Charges More Greenpeace Activists With Hooliganism

    10/30/2013 3:00:39 AM PDT · by TexGrill · 12 replies
    Ria Novosti ^ | 10/30/2013 | Ria Novosti
    MOSCOW, October 29 (RIA Novosti) Ė Russian authorities have filed hooliganism charges against at least five more Greenpeace activists detained last month during a protest at a state-owned oil rig in Arctic waters, the environmental organization said. Greenpeace said on its Twitter account that Anthony Perrett of the UK and Russian freelance photographer Denis Sinyakov have been ďpresented with hooliganism charges by Russia's Investigative Committee.Ē Earlier in the day, Greenpeace spokeswoman Maria Favorskaya said the same charges had been brought against Argentinean nationals Miguel Hernan Perez and Camilla Speziale and Colin Russell of Australia. A dozen other activists have been...