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Keyword: offshore

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  • 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. “BP 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,” said Landrieu, D-La. “The good news is that BP will now be able to participate in next week’s 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. It’s 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 BP’s...
  • 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 Argentina’s 1976-to-1983 “Dirty War.” 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 BP’s 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 — 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 Israel’s 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 Israel’s security. Berlin hasn’t 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
    FoxNews.com ^ | 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 “Adriana,” who previously adorned the Affordable Care Act’s 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) – 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 “presented with hooliganism charges by Russia's Investigative Committee.” 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...
  • Michelle Obama’s Princeton classmate is executive at company that built Obamacare website

    10/25/2013 4:14:56 PM PDT · by Nachum · 108 replies
    Daily Caller ^ | 10/25/13 | Patrick Howley
    First Lady Michelle Obama’s Princeton classmate is a top executive at the company that earned the no-bid contract to build the failed Obamacare website. Toni Townes-Whitley, Princeton class of ’85, is senior vice president at CGI Federal, which earned the no-bid contract to build the $678 million Obamacare enrollment website at Healthcare.gov. CGI Federal is the U.S. arm of a Canadian company. Townes-Whitley and her Princeton classmate Michelle Obama are both members of the Association of Black Princeton Alumni.
  • Offshore fracking proves to be common

    10/24/2013 4:52:38 AM PDT · by thackney · 8 replies
    Tri-Valley Dispatch ^ | October 23, 2013 | Associated Press
    The oil production technique known as fracking is more widespread and frequently used in the offshore platforms and man-made islands near some of California’s most populous and famous coastal communities than state officials believed. In waters off Long Beach, Seal Beach and Huntington Beach — some of the region’s most popular surfing strands and tourist attractions — oil companies have used fracking at least 203 times at six sites in the past two decades, according to interviews and drilling records obtained by The Associated Press through a public records request. Just this year in Long Beach Harbor, the nation’s second-largest...
  • Gulf of Mexico moves toward a comeback (photos)

    10/21/2013 5:50:31 AM PDT · by thackney · 4 replies
    Fuel Fix ^ | October 20, 2013 | Collin Eaton
    Polluted by crude, crises and fears of ceaseless political entanglements, the Gulf of Mexico looked endangered as an oil hub after BP’s massive 86-day spill three years ago. But international oil companies, including BP, are ramping up in the largest U.S. offshore oil and gas region again, drilling some of the largest new fields and jostling for lucrative reserves as oil gets harder to find in the much-tapped reservoirs of the Middle East. The Gulf has accounted for 19 percent of U.S. oil production this year, according to the Energy Information Administration. Oil companies are set to unleash a backlog...
  • Pushing the Deepwater Frontier: Shell's Stones Project

    10/18/2013 4:58:51 AM PDT · by thackney · 6 replies
    Rig Zone ^ | October 17, 2013 | Jon Mainwaring
    In late August, French oilfield services firm Technip announced it had been awarded a contract by Shell Offshore Incorporated to lay the world's deepest gas pipeline. The work will be part of Royal Dutch Shell plc's 100 percent-owned and operated Stones project, which will see a production facility installed under 9,500 feet of water in the Walker Ridge area of the U.S. Gulf of Mexico – some 200 miles from New Orleans. So far, the world's deepest production platform is at the Independence project in the eastern Gulf of Mexico. "What we're trying to do is open up a new...
  • Russia Says Greenpeace Activists Will Be Prosecuted

    09/25/2013 12:17:40 AM PDT · by TexGrill · 9 replies
    Chosun Ilbo ^ | 09/25/2013 | Chosun Ilbo
    Environmental activists who protested at a Russian Arctic offshore oil platform last week will be prosecuted and could face piracy charges punishable by up to 15 years in prison, Russian investigators said on Tuesday. They said the "attack," in which Greenpeace activists tried scaling the Gazprom-owned Prirazlomnaya platform, Russia's first offshore Arctic oil platform, violated Russian sovereignty. "When a foreign ship full of electronic equipment intended for unknown purposes and a group of people, declaring themselves to be environmental activists, try to storm a drilling platform there are legitimate doubts about their intentions," the investigators said in a statement. The...
  • Seven plead guilty in Gulf oil spill settlement fraud

    09/24/2013 9:34:42 AM PDT · by thackney · 7 replies
    Fuel Fix ^ | September 24, 2013 | Associated Press
    Seven people have pleaded guilty to stealing money from an oil spill settlement fund, Alabama Attorney General Luther Strange announced Monday. Five of the defendants were charged with theft of property. They’re collectively ordered to pay more than $20,000 in restitution, officials said. The defendants were indicted by a Mobile County grand jury on accusations that they created fake documents to file fraudulent claims saying they had lost income because of the BP Deepwater Horizon oil spill in 2010. Defendants who were paid from the settlement fund have been sentenced to between one and five years in prison. Their sentences...
  • Criminal case on "assaulting the sea-platform 'Prirazlomnaya" is open

    09/24/2013 2:47:51 AM PDT · by Freelance Warrior · 9 replies
    The investigative committee of the Russian Federation (in Russian) ^ | 09/24/2013 | The investigative committee of the Russian Federation
    Our North-Western department has opened a criminal case on probable violation of the part 3 article 227 of the Russian Criminal Code "piracy committed by an organised group". The investigators have claimed that a group of people, probably associated with the "Greenpeace" international ecological organization approached the sea platform "Prirazlomnaya" on the ship "Arctic Sunrise" and attempted an illegal descent onto that platform. Their illegal action was foiled by officers of the Murmansk province's border-guarding department of the FSB. We must state that the ship 'Arctic Sunrise' used by the persons who attempted an illegal descent onto "Prirazlomnaya" was in...
  • Russia to charge Greenpeace activists with piracy (5 to 15 years in penal colony)

    09/24/2013 2:21:29 AM PDT · by cunning_fish · 19 replies
    TVNZ ^ | September 24, 2013
    Greenpeace activists arrested after trying to board a Russian oil rig are likely to face piracy charges, local media reports. Two New Zealanders are among the crew of the protest vessel Arctic Sunrise who were confronted and detained by armed members of the Russian coastguard on Thursday. Authorities said the rig was in an exclusion zone, but Greenpeace argues its boat was in international waters. All the activists will be prosecuted for the "attack" on the oil rig, an investigative committee told Russian media. In a statement the committee said it had opened a criminal case on suspicion of piracy....
  • Armed Russian officials storm Greenpeace ship ...

    09/19/2013 10:25:29 PM PDT · by TexGrill · 15 replies
    Daily Mail ^ | 09/19/2013 | Nick Lester
    Armed Russian officials have boarded a Greenpeace ship and arrested activists, including six Britons, protesting against oil drilling in the Arctic, according to the environmental group. The Arctic Sunrise is in the remote Pechora Sea in the Russian Arctic, near to Russian oil company Gazprom's Prirazlomnaya oil platform to try and prevent attempts to drill for oil in the region. Greenpeace said the Russian coastguard abseiled onto the Arctic Sunrise from helicopters and arrested 25 protesters on-board, including six UK nationals.
  • Anadarko pushes boundaries with newest deep-water platform (video)

    08/21/2013 6:19:22 AM PDT · by thackney · 4 replies
    Fuel Fix ^ | August 20, 2013 | Zain Shauk
    INGLESIDE — Of the towering oil platforms under construction along the Texas coast, one stands out because it can’t yet stand. It’s a 23,000-ton cylindrical column the length of two football fields, and it must remain on its side at a noisy construction yard here until it is towed into place in the deep waters of the Gulf of Mexico and hoisted upright. The steel hull is too big to handle any other way. On a recent weekday, workers welded finishing touches to the 605-foot, 110-foot-diameter structure, a critical component to one of the several new platforms being completed in...
  • Russia 'blocks Greenpeace ship'

    08/21/2013 5:34:26 AM PDT · by fruser1 · 23 replies
    The Belfast Telegraph ^ | 21 August 2013 | unknown
    Russia has blocked a Greenpeace ship from entering Arctic waters where the environmentalist group was planning to protest against oil exploration activities by Rosneft and ExxonMobil, the group said. Russian authorities denied the icebreaker Arctic Sunrise entry to the Northern Sea Route, citing questions over the vessel's ice strengthening, Greenpeace said in a statement... ..."This is a thinly veiled attempt to stifle peaceful protest and keep international attention away from Arctic oil exploration in Russia," Greenpeace campaigner Christy Ferguson said in a statement... ...Greenpeace said it wanted to "expose" the offshore activities of Russian oil company Rosneft and US partner...
  • Synthetic Cactus Needles Could Clean Up Oil Spills

    08/12/2013 9:36:59 AM PDT · by neverdem · 10 replies
    ScienceNOW ^ | 2013-08-06 | Jennifer Wong
    Leica DM4000M microscopySuper sucker. Copper needles could help remove oil from the ocean. Researchers looking for a better way to clean up oil spills are taking a cue from the humble cactus. A new study shows that synthetic needles based on those of the desert plant can take up oil droplets from the ocean much as the cactus takes up water from the air.Cactus needles have a curious effect on water. When tiny water droplets in the air land on them, the needlesÂ’ conical shape distorts them, nudging them into a clamlike shape. Because water droplets like to be circular,...
  • Blown out well seals off gas leak by itself; operators ‘lucky’, experts say

    07/25/2013 6:32:14 PM PDT · by thackney · 3 replies
    Fuel Fix ^ | July 25, 2013 | Emily Pickrell and Zain Shauk
    Natural gas stopped flowing from a runaway well in the Gulf of Mexico after sediment in the well blocked the uncontrolled flow, federal authorities reported Thursday. The Bureau of Safety and Environmental Enforcement said the well “bridged over,” meaning small pieces of sediment and sand flowed into the well path, restricting the flow and countering the pressure. A fire that had engulfed a portion of the Hercules 265 jack-up rig was put out early Thursday morning, according to a Coast Guard report to Congress. “They are lucky,” said Bud Danenberger, a consultant and former chief of offshore regulatory programs at...
  • Hercules Rig Fire Incident: BSEE Fails Test

    07/25/2013 9:04:29 AM PDT · by thackney · 2 replies
    gCaptain ^ | JULY 25, 2013 | ROB ALMEIDA
    A well blew out, a rig is abandoned, and a fire raged uncontrollably in the Gulf of Mexico for an entire day this week. For many, it was a stark reminder of the dangers involved in offshore drilling and in particular, the Deepwater Horizon disaster, an epic tragedy that unfolded in the Gulf of Mexico in 2010. Since then, the oil and gas industry has encountered enormous public scrutiny, and government oversight by an organization called the Bureau of Safety and Environmental Enforcement (BSEE). According to a statement on their website, “BSEE works to promote safety, protect the environment, and...
  • Spill containment system headed for Texas coast

    07/24/2013 6:43:22 PM PDT · by thackney
    Fuel Fix ^ | July 24, 2013 | Zain Shauk
    The centerpiece of a more than $1 billion system for containing oil spills will be stored and maintained at a site in Ingleside, Texas, creating additional jobs in the coastal region known for its platform building capabilities. Marine Well Containment Company announced the decision Wednesday. The company says its system will be capable of containing oil spilling from wells in waters up to 10,000 feet deep. It can contain oil flowing at a rate of 100,000 barrels per day, according to Marine Well Containment Company. The system includes a large collection of components that will be stored and maintained either...
  • Companies prepare to battle blaze on Gulf rig after well leak

    07/24/2013 5:44:42 PM PDT · by thackney · 17 replies
    Fuel Fix ^ | July 23, 2013 | Emily Pickrell
    A blowout preventer may have ignited the fire that caused a Gulf of Mexico rig to partially collapse Wednesday, after a natural gas well blew out, federal authorities reported. A leak in the natural gas well, owned by Walter Oil & Gas, ignited a fire on a jack-up rig operated by Hercules Offshore late Tuesday night, hours after its 44 workers had been evacuated, according to the Bureau of Safety and Environmental Enforcement. The blowout preventer has since collapsed and isolated the fire,reducing the danger of a fire on the remainder of the jack-up rig but making a top kill...
  • In Hermosa Beach, a sheen of divisiveness over oil's possible return

    07/22/2013 8:19:40 AM PDT · by thackney · 16 replies
    Los Angeles Times ^ | July 21, 2013 | Christine Mai-Duc
    In the waning days of the Los Angeles oil boom, prospectors struck black gold below Torrance and Long Beach, touching off a renewed oil fever in the South Bay. Beachgoers sunned themselves in the shadow of drilling rigs, and nearby Signal Hill became known as "Porcupine Hill" for its spiny forest of derricks. But Hermosa Beach remained a 1.5-square-mile oasis, thanks to a 1932 vote that banned new drilling within the city. More than 50 years later, Santa Monica-based Macpherson Oil dangled the prospect of tens of millions of dollars in royalties, and voters in then-cash-strapped Hermosa voted to lift...
  • Perry to lawmakers: Do more to advance offshore drilling

    07/21/2013 5:21:17 AM PDT · by thackney · 8 replies
    Fuel Fix ^ | July 19, 2013 | Jennifer A. Dlouhy
    Congress can do more to advance offshore drilling in the Gulf of Mexico and Atlantic Ocean while boosting the economies of coastal states, eight governors said Friday. Options rage from giving states a greater share of federal drilling royalties to passing legislation that would force the Interior Department to make more coastal tracts available for oil and gas development, the group of coastal governors said. The governors, including Texas’ Rick Perry, made their pleas in a letter to their congressional delegations in the nation’s capital. “During this congress, legislators will consider several matters that directly and indirectly affect the future...
  • Shell’s biggest oil platform heads for deep-water Gulf

    07/15/2013 1:25:26 PM PDT · by thackney · 33 replies
    Fuel Fix ^ | July 15, 2013 | Emily Pickrell
    Shell’s Olympus platform is finally embarking on its last epic voyage. The Dutch company’s biggest and recently constructed tension leg platform started its final pre-production journey on Sunday, setting sail from the construction dock in Ingleside, Texas (near Corpus Christi) for a 425-mile voyage to the Mars B Field in the Gulf of Mexico. For the next ten days, multiple tugboats will haul the 120,000 ton Olympus through the Aransas Pass jetties to its site destination 130 miles south of New Orleans. Earlier this year, the hull made an 18,000-mile, two-month trek from South Korea to Ingleside. The Olympus is...
  • Transocean Sets World Record for Deepwater Drilling

    07/10/2013 6:46:22 PM PDT · by thackney · 4 replies
    Rig Zone ^ | July 09, 2013 | Cheang Chee Yew|
    Transocean Ltd. announced that its ultra-deepwater drillship Dhirubhai Deepwater KG1 has set a new world record for the deepest water depth by an offshore drilling rig. The Dhirubhai Deepwater KG1 (UDW Drillship) recently drilled a well in 10,411 feet (3,174 meters) of water while working for India's Oil and Natural Gas Corporation Limited (ONGC) off the east coast of India. "This accomplishment surpasses Transocean’s prior world record of 10,385 feet of water (3,165 meters) also set by the KG1 while working for ONGC in India in February," Transocean said in a press release. ONGC reported that well # 1-D-1 in...
  • The Piper Alpha Disaster: 25 Years On

    07/08/2013 4:21:07 AM PDT · by thackney · 4 replies
    Rig Zone ^ | July 05, 2013 | Jon Mainwaring
    This Saturday a commemoration service will be held in Aberdeen, Scotland to mark the 25th anniversary of the world's worst offshore oil and gas disaster. On July 6th 1988, 167 oil workers were killed, while there were just 62 survivors, after a gas condensate leak led to an explosion and fire on the North Sea platform Piper Alpha, which was completely destroyed. The service, which will be held at Aberdeen's Hazlehead Gardens at 11 a.m. (UK time), will be another reminder of the risks taken by oil and gas workers in the North Sea and in other offshore locations around...
  • McAuliffe’s GreenTech Ducked SEC Regulation

    07/01/2013 11:21:43 AM PDT · by em2vn · 7 replies
    The Washington Free Beacon ^ | 06-26-13 | staff
    Virginia Democratic gubernatorial candidate Terry McAuliffe’s GreenTech Automotive took advantage of a loophole that allowed the company an exemption from Securities Exchange Commission regulation.
  • Putin Goes After Global Cos Hiding Money Offshore

    06/20/2013 8:42:16 PM PDT · by KMR · 5 replies
    FORBES ^ | June 20, 2013 | Kenneth Rapoza
    Hello Russia news Freepers. Tired of all this talk about companies hiding money offshore and not paying taxes? If there is one man who can make some noise about this, it won't be Obama. It'll be Putin. He already is taking over from British PM David Cameron who first made overtures to the fact that offshoring was unfair.
  • API cites growing support for opening areas to offshore drilling

    06/07/2013 6:05:11 AM PDT · by thackney · 3 replies
    Oil & Gas Journal ^ | 06/05/2013 | Paula Dittrick
    Broad, bipartisan support is building among lawmakers at the state and federal levels for expanding access to offshore oil and gas drilling and development, said Erik Milito, American Petroleum Institute director of upstream and industry operations. Speaking to reporters during a June 5 conference call from Washington, DC, Milito said increased offshore access would mean increased jobs and revenue for the states of Virginia, North Carolina, and South Carolina. “The United States must pursue smart federal policies” that would expand the Outer Continental Shelf program, Milito said. “Developing our offshore resources is vital.” Drilling off Virginia and other Atlantic states...
  • Japanese Firms Confirm Gas, Condensate in Vietnam Blocks

    06/05/2013 8:40:36 PM PDT · by TexGrill · 2 replies
    RigZone ^ | 06/05/2013 | Mari Iwata
    TOKYO - Three Japanese energy companies jointly said Wednesday they have confirmed natural gas and condensate reserves in exploration blocks offshore in Vietnam. Idemitsu Kosan Co., JX Holdings Inc. and Inpex Corp. have drilled three wells in two blocks located 300 kilometers southeast of Ho Chi Minh, they said in a statement. The three companies will further explore the blocks to gauge the size of the reserves and conduct test drilling on other prospective structures in the blocks, the statement said.
  • PHOTOS: Massive Shell platform readies for work in deep-water Gulf

    06/05/2013 2:24:27 PM PDT · by thackney · 9 replies
    Fuel Fix ^ | June 5, 2013 | Emily Pickrell
    Royal Dutch Shell is making the final preparations to sail its state-of-the-art Olympus platform into the Gulf of Mexico, and showed it off to a group of journalists Wednesday. (Check back throughout the afternoon for more photos from inside Olympus.) The Olympus, designed to operate in water depths of 3,000 to 8,000 feet, will be Shell’s sixth tension leg platform in the Gulf. The platform is docked at the Ingleside shipyard near Corpus Christi and will leave in about a month to work at the Mars B project, comprising the platform and a six-well subsea development 130 miles south of...
  • Shell to develop world's deepest offshore oil well

    05/08/2013 10:21:50 AM PDT · by DeaconBenjamin · 6 replies
    Economic Times ^ | 8 May, 2013, 09.23PM IST
    Royal Dutch/Shell will build the world's deepest offshore oil and gas facility, pushing the boundaries of industry technology to search three kilometres (1.9 miles) underwater in the Gulf of Mexico. The project go-ahead demonstrates Shell's confidence in pricey offshore projects despite a recent downturn in oil prices. Last month, BP decided to delay development of its biggest new Gulf of Mexico project, Mad Dog Phase 2, citing tough market conditions and fast-rising costs. Shell's 100 percent-owned Stones field was discovered in 2005 some 200 miles southwest of New Orleans and encompasses eight lease blocks in the Gulf of Mexico's Lower...
  • Industry Execs See Higher Costs, Improved Safety with New Regulations

    05/08/2013 6:07:38 AM PDT · by thackney
    Rig Zone ^ | May 07, 2013 | Karen Boman
    Oil and gas companies will face a tougher regulatory regime in the United States as the U.S. government introduces new rules over the next two years to improve industry safety following the 2010 Deepwater Horizon incident, according to the findings of a recent survey by GL Noble Denton. The independent industry technical provider's new report "Reinventing Regulation: The impact of U.S. reform on the oil and gas industry" includes data gathered from over 100 senior oil and gas professionals and in-depth interviews with 10 industry executives, analysts and academics. Eighty-five percent of survey respondents told GL Noble Denton they expected...
  • Chevron strikes oil more than 6 miles below sea level

    03/25/2013 9:51:40 AM PDT · by thackney · 57 replies
    Fuel Fix ^ | March 25, 2013 | Zain Shauk
    Chevron struck oil in a well drilled more than 6 miles deep in a new field off the coast of Louisiana, the company said Monday. Operating in 6,000 feet of water, Chevron drilled through a thick underground salt layer to find oil at a depth of 31,866 feet below sea level. The well found 400 feet of net oil pay. Feet of net pay is a measurement used by oil companies to gauge the vertical thickness of the hydrocarbon-bearing area found in an exploration well. The so-called Coronado prospect is located more than 190 miles south of Louisiana and is...
  • Shell’s latest offshore platform arrives in Texas

    01/28/2013 10:34:47 AM PST · by thackney · 19 replies
    Fuel Fix ^ | January 28, 2013 | Emily Pickrell
    The hull of Royal Dutch Shell’s latest offshore platform, which traveled from South Korea, arrived Saturday from at a Texas port where it will be assembled before it sails to its final location in the Gulf of Mexico. The new offshore platform, the Olympus, traveled more than 18,000 miles in two months to Ingleside, Texas, where its topside will be assembled over the next two months. Shell designed the Olympus as a tension leg platform, which provides a large enough deck to process oil on deck. The Olympus will be Shell’s sixth tension leg platform and its largest to date....
  • Obama admin orders Arctic drilling probe after rig accident {not during drilling or in Arctic)

    01/09/2013 5:05:02 AM PST · by thackney · 12 replies
    Fuel Fix ^ | January 8, 2013 | Jennifer A. Dlouhy
    The Obama administration ordered a broad review of Shell’s Arctic drilling program on Tuesday, following a series of mishaps that culminated with the grounding of the company’s Kulluk rig on New Year’s Eve. The move calls into question whether Shell Oil Co. will be allowed to continue its hunt for crude under the Chukchi and Beaufort seas north of Alaska, after spending $5 billion and more than six years on the quest. In announcing the probe, Interior Secretary Ken Salazar stressed that the Obama administration “is fully committed to exploring for potential in energy resources in frontier areas, such as...
  • Shell’s Arctic drilling rig towed to safe harbor

    01/08/2013 5:02:33 AM PST · by thackney · 7 replies
    Fuel Fix ^ | January 7, 2013 | Jennifer A. Dlouhy
    A massive campaign to free a grounded Arctic drilling rig that employed more than a dozen ships and some 730 people cleared a big hurdle Monday, as salvagers pulled the vessel to safe harbor in Alaska. Salvage teams anchored the Kulluk rig in Kodiak Island’s Kiliuda Bay after arriving there at 10 a.m. Alaska Standard Time, 1 p.m. Monday in Houston. But for Shell, which owns the 266-foot conical drilling unit and planned to use it to continue a $5 billion quest for Arctic oil this summer, the work is just beginning. Salvage specialists will conduct a detailed inspection of...
  • Rig grounding could put Shell’s Arctic drilling plans on ice

    01/05/2013 5:23:00 AM PST · by thackney · 3 replies
    Fuel Fix ^ | January 5, 2013 | Jennifer A. Dlouhy
    Even if Shell is able to free its grounded Kulluk drilling rig from a rocky Alaskan island shore, it may be too damaged to resume hunting Arctic oil this summer. The 29-year-old conical drilling unit is uniquely designed to weather floating ice, and replacements aren’t readily available. Even if Shell Oil Co. could find an Arctic-ready rig, it almost certainly would not secure air pollution permits for a different vessel in time to resume drilling wells this July. “These are very specialized rigs,” noted Dave Pursell, managing director of the Houston-based energy investment bank Tudor Pickering Holt & Co. “If...
  • Exxon to spearhead $14 billion oil project in Canada

    01/04/2013 7:22:23 PM PST · by thackney · 5 replies
    Fuel Fix ^ | January 4, 2013 | Zain Shauk
    Exxon Mobil Corp. is leading a $14 billion project to produce oil off of Canada’s northeast coast, the company announced Friday. Exxon Mobil expects the project to recover more than 700 million barrels of oil from a field in water about 300 feet deep off the coast of Newfoundland and Labrador. Production at the Hebron field is set to start in early 2017 and will be capable of churning out 150,000 barrels of oil per day, according to an Exxon Mobil announcement. The project is among several massive efforts being pursued by Exxon Mobil, the world’s second largest publicly traded...
  • Oil Rig’s Owner Settles Gulf Spill Case for $1.4 Billion

    01/03/2013 12:51:29 PM PST · by Brad from Tennessee · 11 replies
    New York Times ^ | Jan. 3, 2013 | By THE ASSOCIATED PRESS
    NEW ORLEANS (AP) — The Justice Department reached a $1.4 billion settlement Thursday with Transocean Ltd., the owner of the drilling rig that sank after an explosion killed 11 workers and spawned the massive 2010 oil spill in the Gulf of Mexico. The proposed settlement resolves the department's civil and criminal probes of Transocean's role in the Deepwater Horizon rig disaster. It requires the Switzerland-based company to pay $1 billion in civil penalties and $400 million in criminal penalties and plead guilty to a misdemeanor charge of violating the Clean Water Act, according to a court filing. . .
  • Kulluk drilling rig accident stokes fresh fears on Arctic drilling

    01/02/2013 5:08:12 AM PST · by thackney · 26 replies
    Fuel Fix ^ | January 1, 2013 at 6:57 pm | Jennifer A. Dlouhy
    The grounding of Shell’s Kulluk drilling rig amid a fierce storm in the Gulf of Alaska raised the specter of a fuel spill in the region and provided fresh fodder to drilling foes who insist Arctic oil exploration is too risky to allow. The episode also cast doubt on whether Shell Oil Co. will be able to resume its hunt for Arctic oil this year. The 29-year-old Kulluk conical drilling unit was unmanned when it plowed into rocks on the southeast side of Sitkalidak Island Monday night in Alaska, and there were no major injuries. But Coast Guard and Shell...
  • Shell drilling rig grounds off Kodiak Island after towlines fail for 5th time

    01/01/2013 6:15:12 AM PST · by thackney · 10 replies
    Anchorage Daily News ^ | December 31, 2012 | LISA DEMER
    Royal Dutch Shell’s Kulluk drilling rig, re-secured to two vessels with towlines early Monday, grounded around 9 p.m. in rocky water off the southern coast of Kodiak Island during a pounding Gulf of Alaska winter storm, according to the U.S. Coast Guard. A command team that includes Shell briefed reporters on the disaster with the Kulluk late Monday night. It broke loose from a Shell-contracted ship, the Aiviq, around 4:40 p.m. Monday. Then around 8:15 p.m., with the grounding imminent, the second tow boat, a borrowed tug named the Alert, was directed to lose its tow line to avoid danger...
  • Vitter wants answers on Brazil drilling loan; Paul wanted answers too

    03/22/2011 2:19:36 PM PDT · by Crush · 31 replies
    The US Report ^ | 22 March 2011 | Kay Day
    Sen. David Vitter (R-La.) wants answers from the US taxpayer supported Export-Import bank about a $2 billion loan to Brazil for offshore drilling. Vitter’s home state is suffering under a moratorium imposed by President Barack Obama. Vitter said Louisianians “are frustrated” and he wants to know “why permitting domestically is nearly stalled…” Rep. Ron Paul (R-Texas) had questions about ExIM—nine years ago when he asked Congress to reject the reauthorization of ExIm for “economic, constitutional and moral reasons.” Vitter sent a letter to Fred Hochberg, Ex-Im president, on March 17. Vitter asked Hochberg to identify all US companies that have...
  • Shortage Seen for Offshore Worker Safety Training for Gulf of Mexico

    12/18/2012 8:48:17 AM PST · by thackney · 1 replies
    Rig Zone ^ | December 18, 2012 | Karen Boman
    emand for high quality offshore water survival training and offshore/onshore major emergency management training in the Gulf of Mexico region is already outpacing supply, an official with Raytheon Training Services told Rigzone in a recent interview. And the situation will only become more severe given the impending retirement cliff and projected industry growth. Tracy Cox, director of performance consulting with Raytheon Training Services, expects demand for offshore worker training to continue increasing, given the fact that recent studies forecast U.S. oil production to continue growing and a movement towards making the United States less dependent on foreign oil sources. Raytheon...