Keyword: offshore

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  • Weather Watch: BP Evacuates Nonessential Personnel from GOM Platforms

    09/08/2011 9:40:47 AM PDT · by thackney · 10 replies
    Rig Zone ^ | September 08, 2011 | Saaniya Bangee
    BP has evacuated nonessential personnel from three of its production platforms in the Gulf of Mexico due to Tropical Storm Nate. BP spokesman Daren Beaudo said personnel have been evacuated from the Mad Dog, Holstein and Atlantis platforms in the southern Green Canyon section of the Gulf of Mexico. The storm is expected to move toward the southern tip of Texas but will not make landfall until late Sunday or Monday, according to the National Hurricane Center.
  • BP Doubles estimate for Mad Dog field

    09/07/2011 1:46:39 PM PDT · by Recon Dad · 4 replies
    Fuel Fix ^ | Tom Fowler
    BP says it has drilled a successful appraisal well in a previously untested northern segment of the Mad Dog field in the Gulf of Mexico, leading it to double the size of the potential resource. The well, drilled by BHP Billiton on behalf of the unit operator BP, is in Green Canyon block 738, about 140 miles south of Grand Isle, LA., in about 4,500 feet of water. The well encountered about 166 net feet of hydrocarbons in the objective Miocene hydrocarbon-bearing sands and discovered an oil column of more than 300 feet. Combined with successful appraisals in Mad Dog...
  • Workers slowly returning to Gulf oil and gas platforms

    09/06/2011 6:59:23 AM PDT · by thackney · 8 replies
    Fuel Fix ^ | September 5, 2011 at 1:10 pm | Tom Fowler
    Energy companies have started returning workers to offshore oil and gas production platforms in the wake of Tropical Storm Lee, but weather conditions continue to slow efforts. BP, the largest producer in the Gulf, said offshore conditions are improving steadily but high wind gusts are still limiting many helicopter flights out of Louisiana. Vessels leaving Port Fourchon, a key supply hub for the Gulf, are also continuing to experience rough seas, BP said in a statement. BP expects to begin returning crews to offshore facilities Tuesday morning. Shell, the No. 2 producer is continuing to redeploy personnel to its Western...
  • Steffy: ‘Gulf of Mexico standoff: Exxon, U.S. battle over big find’

    08/18/2011 8:53:12 AM PDT · by thackney · 27 replies
    Fuel Fix ^ | August 18, 2011 | Loren Steffy
    Oil companies are once again squaring off with government regulators in the Gulf of Mexico. This time, its Exxon Mobil. The giant oil company is fighting to retain leases for the Julia field, what could be the biggest oil discovery in the Gulf ever, or at least since BP’s Thunder Horse field in 1999. The problem: the government claims Exxon’s leases for the field have expired. The Obama administration has been cracking down on unused offshore leases, which cost the Treasury royalties, the Wall Street Journal reported. Exxon seems to believe getting an extension on the lease was just a...
  • collective bargining

  • Another deep-water drilling rig to leave the Gulf of Mexico

    08/08/2011 10:40:56 AM PDT · by thackney · 7 replies
    Fuel Fix ^ | August 8, 2011 | Brett Clanton
    Another deep-water drilling rig is leaving the Gulf of Mexico amid a continued slowdown in activity in the U.S. offshore basin following the BP oil spill last year. Noble Corp. said its rig, called the Noble Paul Ramano, has taken a 180-day contract with Gujarat State Petroleum Corp. Ltd. to drill six wells offshore Egypt, with an option for four additional wells. The semi-submersible rig, which has been idle in the Gulf of Mexico since June 2010, is expected to start work in the Eastern Mediterranean Sea in October, the Zug, Switzerland-based drilling contractor said in a statement. Many deep-water...
  • Drilling for National Security

    08/08/2011 6:15:38 AM PDT · by cap10mike · 20 replies
    BizPacReview.com ^ | August 8, 2011 | Michael Dorstewitz
    The next presidential election is 15 months away, and 2012 (like most elections) will come down to the mundane, everyday, bread-and-butter issue of economics. I submit that the biggest economic indicator is the price of gasoline. Back in 2006, Nancy Pelosi railed about high gasoline prices, asserting that they were the result of “Big Oil” running the government. Barack Obama picked up on this theme during his 2008 presidential bid, and said he "felt the pain" of those who had to pay exorbitant gas prices.
  • Gulf oil and gas production coming back online

    08/01/2011 4:55:44 AM PDT · by thackney
    Fuel Fix ^ | August 1, 2011 | Tom Fowler
    Oil and gas production platforms continued to come back on line over the weekend as crews returned to offshore sites that had been evacuated as Tropical Storm Don came into the region late last week. The Bureau of Ocean Energy Management, Regulation and Enforcement reported about 6 percent of the Gulf of Mexico’s oil production (84,000 barrels) and 3.5 percent of the natural production (186 MM cubic feet per day) remained shut-in on Sunday. That’s an improvement over the peak storm-related outages of 11.9 percent of the oil production 6.2 percent of the natural gas production reported on Friday. Evacuating...
  • Shell VP makes case for Alaska drilling

    07/27/2011 10:42:36 AM PDT · by thackney · 4 replies
    Fuel Fix ^ | July 27, 2011 | Jennifer Dlouhy
    Oil and gas drilling in federal waters near Alaska could create tens of thousands of jobs annually and send the government nearly $200 billion in revenue, a Shell Oil Co. executive is set to tell a Senate panel today. Pete Slaiby, vice president of the company’s Alaska operations, is making his case for oil development near Alaska’s coasts before the Senate Oceans, Atmosphere, Fisheries and Coast Guard Subcommittee this morning. The panel is studying whether the U.S. should be doing more to take advantage of emerging economic opportunities in the Arctic region. Shell is asking federal regulators for permission to...
  • Senator Webb to Committee: Include Virginia Provisions in Offshore Energy Bill

    07/21/2011 5:34:57 AM PDT · by thackney · 5 replies
    Jim Webb ^ | July 20, 2011 | Jim Webb & Staff
    Senator Jim Webb today called for the Energy and Natural Resources Committee to incorporate his Virginia Outer Continental Shelf (OCS) Energy Production Act in pending offshore energy legislation this week. “Outer Continental Shelf production has strong support among Virginians and their political leadership,” Senator Webb wrote the Committee’s Chairman and Ranking Member. “I look forward to working with you to ensure that all of Virginia’s OCS energy resources are developed in a timely fashion, through a fair distribution of revenues between the federal and state government, and in an environmentally sound manner.” In his letter Senator Webb also urged the...
  • Webb, Warner push to start offshore [Virginia] oil and gas exploration

    07/07/2011 6:18:16 PM PDT · by GunMage · 18 replies
    The Virginian-Pilot ^ | July 7, 2011 | Bill Bartel
    U.S. Sens. Jim Webb and Mark Warner introduced legislation Wednesday that would speed up the timetable for natural gas and oil exploration off Virginia's coast and expand the state's share of offshore territory. The bill also would require that half of future government revenues from offshore drilling be allocated directly to the state government or spent by federal officials on conservation efforts, transportation improvements and alternative energy projects in Virginia. The two Democrats' proposal goes further in seeking a larger share for Virginia from offshore resources than a House measure co-sponsored by two Hampton Roads congressmen. However, the plan will...
  • Analysis: Latin America Rig Activity Grows

    06/20/2011 5:36:37 AM PDT · by thackney · 2 replies
    Rig Zone ^ | Friday, June 17, 2011 | Karen Boman|
    Latin America oil and gas activity is booming, with year-on-year rig activity increases from April 2010 to April 2011 in Argentina, Brazil, Colombia, Ecuador and Venezuela, according to a recent report by London-based Evaluate Energy. The five countries have experienced at least a 15 percent increase in active rigs from the April 2010 count. In Brazil, the average number of rigs grew from 85 in April 2010 to 108 in April 2011, and in Venezuela, the average number of rigs grew from 88 in April 2010 to 110 in April 2011. However, Colombia has leapfrogged the pair within two years...
  • Diamond Offshore to Move Rig from US GOM to Vietnam

    06/15/2011 9:41:42 PM PDT · by Rabin · 6 replies · 1+ views
    Rigzon (Dow Jones Newswires), ^ | Wednesday, June 15, 2011 | Ryan Dezember|
    Diamond Offshore said that it will move another of its deepwater rigs from the U.S. Gulf of Mexico later this year to drill wells off Vietnam for BP. When the Ocean Monarch is moved, it will be the third Diamond rig to leave the Gulf of Mexico since BP's deadly Deepwater Horizon explosion in April and the subsequent shut-down of deep-water drilling in U.S. waters. Diamond said in a fleet status report that the Ocean Monarch should conclude its current contract with Marathon, for which the driller earned about $290,000 per day, in mid-August.
  • Exxon Mobil announces major Gulf find

    06/08/2011 2:04:55 PM PDT · by thackney · 35 replies
    Fuel Fix ^ | June 8, 2011 | Simone Sebastian
    Exxon Mobil Corp. has made one of the largest oil and gas finds in the Gulf of Mexico in a decade, the company announced today. The oil major said it made two oil discoveries and a natural gas discovery in its Keathley Canyon blocks, including an oil discovery in the company’s first exploration well since last year’s moratorium on deep-water drilling. Exxon expects the combined finds to yield more than 700 million barrels of oil equivalent. More than 85 percent would be oil, the company said. Drilling early in 2010 turned up oil and natural gas at the well 250...
  • Shell says delays in Arctic drilling ‘highly unusual’

    06/02/2011 10:28:39 AM PDT · by thackney · 4 replies · 1+ views
    Bloomberg via Fuel Fix ^ | June 2, 2011 | Katarzyna Klimasinska
    Bloomberg, link only, synopsis below
  • Clinton asked to seek temporary delay of drilling off Cuba (by Sen. Bill Nelson D-Fla.)

    05/23/2011 12:55:41 PM PDT · by thackney · 2 replies
    Oil & Gas Journal ^ | 5/23/2011 | Nick Snow
    US Sen. Bill Nelson (D-Fla.) asked US Sec. of State Hillary R. Clinton to use diplomatic channels to temporarily keep an international consortium led by Repsol SA from drilling for oil off Cuba. Drilling possibly as early as this summer could threaten Florida tourism and is not in US interests, Nelson told her in a May 19 letter. The senator has fought possible development of Cuba’s offshore resources for years in several ways. He has asked Republican and Democratic administrations to withdraw diplomatic letters that the US government exchanges with Cuba every 2 years that enforce the 1977 Maritime Boundary...
  • Why Offshore Investors are Like Osama bin Laden

    05/08/2011 3:25:16 PM PDT · by SeekAndFind · 5 replies
    The Sovereign Society ^ | 05/04/2011 | Mark Nestmann
    U.S. citizens and permanent residents who invest offshore resemble Osama bin Laden more than they might wish to admit. Osama kept a very low profile at his estate in Pakistan. He had no telephone or Internet service. He even burned his trash, rather than set it out for collection. News reports claim (not that I believe them) that even Pakistani intelligence authorities knew nothing about his presence in their country. But in the end, the United States found him. Yesterday morning, a team of Navy Seals broke into his barricaded home, assassinated him (along with several other household occupants), and...
  • BP Expects to Resume GOM Drilling by Summer

    04/28/2011 5:59:22 AM PDT · by thackney · 3 replies
    Wall Street Journal via Rig Zone ^ | April 27, 2011 | Guy Chazan
    BP says it expects to resume drilling in the Gulf of Mexico by the summer, less than 18 months after a rig it had leased there exploded, killing 11 workers and triggering a catastrophic oil spill. Company officials spoke as BP reported results that showed the repercussions of the Deepwater Horizon disaster continue to weigh on its balance sheet. Fergus MacLeod, BP's head of investor relations, told analysts that BP is working toward a "phased resumption of activities [in the Gulf] in the middle of the year," subject to regulatory approvals. He said BP would only restart if it could...
  • Energy in America: EPA Rules Force Shell to Abandon Oil Drilling Plans

    04/25/2011 6:28:52 AM PDT · by thackney · 77 replies
    Fox News ^ | April 25, 2011 | Dan Springer
    Shell Oil Company has announced it must scrap efforts to drill for oil this summer in the Arctic Ocean off the northern coast of Alaska. The decision comes following a ruling by the EPA’s Environmental Appeals Board to withhold critical air permits. The move has angered some in Congress and triggered a flurry of legislation aimed at stripping the EPA of its oil drilling oversight. Shell has spent five years and nearly $4 billion dollars on plans to explore for oil in the Beaufort and Chukchi Seas. The leases alone cost $2.2 billion. Shell Vice President Pete Slaiby says obtaining...
  • Spill's Toll on Oil Output Grows Clearer

    04/20/2011 8:13:35 AM PDT · by thackney · 3 replies
    Wall Street Journal ^ | 4/20/2011 | ÁNGEL GONZáLEZ
    One year after the BP PLC oil spill, Gulf of Mexico energy output is beginning to show the impact of the Obama administration's 10-month freeze on deep-water drilling. Offshore oil production, most of which comes from the Gulf, is expected to average 1.55 million barrels a day this year, down 13% from 2010, according to the U.S. Energy Information Administration. Following the April 20, 2010, blast on the Deepwater Horizon drilling rig operated by BP and the subsequent oil spill, the Obama administration stopped awarding permits for deep-water drilling until late February. The drilling suspension, along with a new, slower...
  • Deepwater Horizon: One Year Later

    04/20/2011 7:35:13 AM PDT · by thackney · 3 replies
    Rig Zone ^ | 4/20/2011 | Jaime Kammerzell
    year ago today, an explosion on Transocean's Deepwater Horizon ultra-deepwater semisubmersible, positioned at the Macondo Prospect in Mississippi Canyon Block 252, in the Gulf of Mexico, took the lives of 11 men and caused the largest marine oil spill in history. At 9:45 p.m. on April 20, 2010, while plugging the well for later production, seawater erupted from the marine riser onto the rig, shooting 240 ft into the air. A combination of mud, methane gas, and water quickly followed. The gas then ignited, causing explosions onboard. Attempts to activate the blowout preventer failed. Survivors said they had less than...
  • Drilling ban’s bite felt far from the coast

    04/20/2011 7:32:05 AM PDT · by thackney · 3 replies
    Fuel Fix ^ | April 20, 2011 | Loren Steffy
    Harvey Cooper is now semi-retired, but not by choice. He blames that decision on Kenneth Feinberg, the government “spill czar” who’s in charge of claims related to the BP oil spill. Cooper owns American Medical Auditors in Katy, which specializes in analyzing medical claims for injured maritime workers. Most of his business came from the offshore energy industry in the Gulf of Mexico. When the government drilling moratorium was enacted last year, the impact on his company was immediate. “I saw no business coming,” he said. “All I do is handle claims for injured workers. If they aren’t working, they...
  • Drilling regulator: New offshore rules coming soon

    04/19/2011 10:33:38 AM PDT · by thackney · 14 replies
    Fuel Fix ^ | April 19, 2011 | Jennifer A. Dlouhy
    Mandates imposed after the Deepwater Horizon disaster have made offshore drilling safer, but the industry’s top U.S. regulator said the work isn’t over yet. The Bureau of Ocean Energy Management, Regulation and Enforcement is already crafting new proposals to “increase drilling safety and diminish the risks of a major blowout” by strengthening emergency equipment known as blowout preventers, among other changes, said director Michael Bromwich. “More change will surely come, although not at the frantic pace of the past year,” Bromwich said during a speech at the Center for Strategic and International Studies in Washington, D.C. “We will be launching...
  • A year after Deepwater Horizon disaster, opposition to oil drilling fades

    04/18/2011 3:05:31 AM PDT · by Cincinatus' Wife · 12 replies
    St. Petersburg Times ^ | April 18, 2011 | Curtis Morgan and Lesley Clark, Miami Herald
    One year later, the largest offshore oil spill in U.S. history looks more and more like just a big bump in the road in the drive to drill deeper in the Gulf of Mexico and potentially closer to Florida's coastline. The Deepwater Horizon disaster killed 11 rig workers, spewed 60,000 barrels of oil a day for four months, cost five states billions of dollars in lost jobs and business, slimed marshes, beaches and wildlife from the Louisiana bayou to the Florida Panhandle, and left lingering toxic stains across complex food webs that scientists say will take years to recover. A...
  • MWCC’s capping stack is ready for prime time {Offshore Drilling spill-containment}

    04/18/2011 5:19:47 AM PDT · by thackney · 2 replies
    Fuel Fix ^ | April 15, 2011 | Brett Clanton
    If BP’s Macondo well blowout happened today, oil companies say they would be far better prepared to respond than they were a year ago. One reason why they are so confident sits in an out-of-the-way fabrication yard in northwest Houston. The Marine Well Containment Co.’s $1 billion spill-containment system is now ready to go, with the ability to collect up to 60,000 barrels a day of oil from a leaking well in 8,000 feet of water. On Friday morning, the company allowed reporters for the first time to get an up-close look at the centerpiece of the system, a giant...
  • International group agrees to set offshore drilling standards for oil and gas exploration

    04/16/2011 10:11:38 AM PDT · by george76 · 1 replies
    St. Petersburg Times ^ | April 15, 2011
    Drilling regulators from a dozen countries on Thursday agreed to take steps toward uniform standards for oil and gas exploration in oceans around the world. U.S. Interior Secretary Ken Salazar suggested the idea ... Representatives from the European Union, the United States and 11 other countries, including the Russian Federation, Brazil and ... One notable absence in the planned collaboration and at Thursday's summit is Cuba, which expects five wells to be drilled off its coast in the next two years. Salazar said the United States was concerned about the potential drilling 60 miles off the coast of Florida, within...
  • Analysis: UK North Sea Drilling Activity, Production Decline

    04/15/2011 10:34:20 AM PDT · by thackney · 5 replies
    Rig Zone ^ | Friday, April 15, 2011 | Karen Boman|
    While debate continues over how proposed changes to the UK's tax regime will impact North Sea oil and gas production, exploration activity declined in the first quarter of this year and weakness in oil output for the UK North Sea is expected to continue. Nine exploratory and appraisal wells were drilled on the UK Continental Shelf (UKCS) during this year's first quarter, a 25 percent decline from the same period in 2010 and the previous quarter, according to a report by Deloitte's Petroleum Services Group. Five of those wells have been started in the Central North Sea; two in the...
  • House Panel Votes to Force More Oil Leases in U.S. Waters

    04/15/2011 6:32:14 AM PDT · by thackney · 20 replies
    Dow Jones via Rig Zone ^ | April 14, 2011 | Ryan Tracy
    A bill requiring the U.S. to open areas off the Virginia coast and in the Gulf of Mexico to oil and gas exploration cleared a key hurdle in the U.S. House Wednesday. The House Natural Resources Committee voted to approve the leasing measure, paving the way for a vote by the full House next month. Earlier Wednesday, the committee also voted to establish a 60-day maximum for the Interior Department to approve or deny offshore drilling permits. If Interior took longer, the permit would be deemed approved. The bills are part of an effort by House Republicans to support domestic...
  • Gulf’s Complexity and Resilience Seen in Studies of Oil Spill

    04/15/2011 5:37:03 AM PDT · by Wonder Warthog · 10 replies
    The New York Times ^ | : April 11, 2011 | LESLIE KAUFMAN
    In the year since the wellhead beneath the Deepwater Horizon rig began spewing rust-colored crude into the northern Gulf of Mexico, scientists have been working frantically to figure out what environmental harm really came of the largest oil spill in American history. What has emerged in studies so far is not a final tally of damage, but a new window on the complexities of the gulf, and the vulnerabilities and capacities of biological systems in the face of environmental insults.
  • 713 Mexico oil workers evacuate collapsing platform

    04/13/2011 7:35:52 PM PDT · by Rabin · 36 replies
    timeslive ^ | Apr 13, 2011 7:57 AM | Sapa-AFP
    A total of 713 oil platform workers were evacuated on Tuesday when a semi-submersible residence began to collapse into the Gulf of Mexico, said state-owned oil company Petroleos Mexicanos (Pemex).
  • Jupiter floatel sinking off Mexico {PEMEX}

    04/13/2011 5:09:51 AM PDT · by thackney · 9 replies · 1+ views
    Upstream Online ^ | 13 April 2011 | Aleya Begum
    “After several attempts to rescue the platform failed, it partially sank at 14:30 (local time),” said Pemex in a statement. “No one is injured, the entire staff is safe.” Water depth in the area is 38 meters, and given the dimensions of the semi-submersible platform, which is 50 meters wide, the partially sunk floatel remains 13 metres above water levels. An incident onboard the floatel was first reported at 7:39am yesterday morning when 638 personnel were immediately evacuated to the nearby Abkatun-Alfa platform. It is believed that a valve problem caused the unit to take in water. “According to procedures,...
  • Feds mull expanding regulators’ reach to offshore contractors

    04/13/2011 5:02:49 AM PDT · by thackney · 2 replies
    Fuel Fix ^ | April 12, 2011 | Jennifer A. Dlouhy
    The Obama administration is exploring whether to expand federal oversight of offshore drilling beyond oil and gas companies to rig suppliers, oil field services firms and other contractors now outside regulators’ reach. Michael Bromwich, the director of the Bureau of Ocean Energy Management, Regulation and Enforcement, told reporters Tuesday that the existing system imposes artificial limits on what his agency can do to make offshore drilling safer. Its enforcement power now ends with oil and gas companies that hold leases to drill in U.S. waters. “That dramatically limits the scope of our oversight,” he said. “It is very important for...
  • Transocean Breaks Company Water Depth Record

    04/12/2011 5:04:29 AM PDT · by thackney · 10 replies · 1+ views
    Rig Zone ^ | April 11, 2011 | Transocean
    Transocean Ltd. today announced that the ultra-deepwater drillship Dhirubhai Deepwater KG2 has set what the company believes is a world record for the deepest water depth by an offshore drilling rig of 10,194 feet of water while working for Reliance Industries offshore India. The rig, which is owned by a joint venture with Quantum Pacific Group, surpassed Transocean's prior record of 10,011 feet of water, set in 2003 by the Discoverer Deep Seas working for Chevron in the U.S. Gulf of Mexico. The new record comes approximately one year after the dynamically positioned Dhirubhai Deepwater KG2 was placed into service...
  • U.S. approves 10th post-ban deep-water drilling project

    04/11/2011 10:03:26 AM PDT · by thackney · 7 replies · 1+ views
    Fuel Fix ^ | April 8, 2011 | Jennifer A. Dlouhy
    The federal government today gave Statoil permission to drill a deep-water well — marking the tenth such project approved since the Obama administration halted such work in the wake of last year’s Gulf spill. Under the permit, Statoil will be allowed to drill a new well in 7,813 feet of water in its Logan prospect, about 219 miles off the Louisiana shoreline, south of Houma, La. The well is located in Walker Ridge Block 969. Statoil is slated to drill the well with the Discoverer Americas, a Transocean drillship now en route back to the Gulf of Mexico from Egyptian...
  • Editorial: Obama's Do-Nothing Oil Policy Hurts

    04/07/2011 6:01:31 PM PDT · by Kaslin · 4 replies
    IBD Editorials ^ | April 7, 2011 | Staff
    Leadership: Making jokes about remembering what it was like to pump gas or speaking at a foreign-owned wind turbine plant does not ease the pain at the pump that has been orchestrated by the White House. President Obama found time on the eve of a possible government shutdown to dine with the Rev. Al Sharpton, address his National Action Network Annual Gala and make quips about an energy crisis America finds increasingly unfunny. "I don't pump gas now, but I remember what it was like pumping gas. ... I remember the end of the month (paying bills) .. . I...
  • Democrats blast GOP plan to expand offshore drilling

    04/06/2011 12:24:58 PM PDT · by thackney · 16 replies
    Fuel Fix ^ | April 6, 2011 | Jennifer A. Dlouhy
    Democrats today slammed House Republicans for advancing legislation to dramatically expand offshore drilling before mandating any new safety improvements in the wake of the Deepwater Horizon disaster. “It’s hard to think that before we even enact legislation to improve the safety of offshore drilling — which we badly need — we would put more economies, more beaches and potentially more lives at risk from another spill and blowout,” said Rep. Rush Holt, D-N.J. “These bills were written as if the Deepwater Horizon disaster never occurred. They make offshore drilling less safe, not more safe.” Although federal regulators have imposed new...
  • Cuba, partners to drill 5 Gulf wells this summer

    04/05/2011 12:14:32 PM PDT · by BenLurkin · 12 replies
    AP) ^ | Tuesday April 5, 2011, 2:31 pm
    Cuba says it will begin drilling five oil wells in the Gulf of Mexico this summer in hopes of locating enough crude to justify the costly exploration. Manuel Marrero is an official with the Ministry of Basic Industry. He says the prospects of finding valuable reserves are "promising."
  • India Graduates Millions, but Too Few Are Fit to Hire

    04/06/2011 8:57:28 AM PDT · by throwback · 28 replies
    WSJ ^ | APRIL 5, 2011 | By GEETA ANAND
    BANGALORE, India—Call-center company 24/7 Customer Pvt. Ltd. is desperate to find new recruits who can answer questions by phone and email. It wants to hire 3,000 people this year. Yet in this country of 1.2 billion people, that is beginning to look like an impossible goal. So few of the high school and college graduates who come through the door can communicate effectively in English, and so many lack a grasp of educational basics such as reading comprehension, that the company can hire just three out of every 100 applicants. In India, Doubts Gather Over Rising Giant's Course India projects...
  • Should BP be allowed to resume drilling in Gulf of Mexico?

    04/05/2011 8:38:27 AM PDT · by thackney · 12 replies
    Fuel Fix ^ | April 5, 2011 | Loren Steffy
    They’re baaack…BP wants to secure permits to resume deep-water drilling in the Gulf of Mexico. News of the company’s plans hit just weeks before the first anniversary of the Deepwater Horizon disaster. So far, the government says it’s reached no deal with BP on drilling, but it’s probably just a matter of time. BP, after all, is the biggest leaseholder in the Gulf, and if the Obama administration is serious about moving the permitting process forward, then BP’s return at some point is inevitable. But should it be? The presidential spill commission raised the concern that the Macondo disaster could...
  • A Closer Look at Worldwide Deepwater Drilling

    04/05/2011 5:11:24 AM PDT · by thackney · 3 replies
    Rig Zone ^ | April 04, 2011 | Trey Cowan
    Given that oil prices remain constructive, we may see some tightening for deepwater rig fixtures in the coming months. Crude futures averaged nearly $103 for the month of March. That is up nearly 15 percent from February's average of $90 per barrel. While there is some slack created by uncertainties in the Middle East and North African markets, the bottom line is that the current price environment creates ample operator-incentive to increase budgets in any region where drilling is feasible. Currently, there are 206 rigs under contract out of a total supply of 261 floaters, which amounts to 78...
  • U.S., Mexico begin to bolster drilling standards {What about Cuba}

    04/05/2011 5:05:17 AM PDT · by thackney · 2 replies
    Fuel Fix ^ | April 5, 2011 | Jennifer Dlouhy
    Offshore drilling regulators from the U.S. and Mexico met Monday in a bid to strengthen standards governing oil and gas exploration throughout the Gulf. U.S. Interior Secretary Ken Salazar said the goal was a single “gold standard” for all Gulf of Mexico drilling, whether in U.S. or Mexican territorial waters. Salazar said the regulators were discussing how to share “best practices in the Gulf of Mexico” and “move forward in development of a single protocol between our two nations.” “We want to share the lessons learned from the Macondo Deepwater Horizon tragedy so we can move forward with the development...
  • Petrobras drops riser in deep-water Gulf

    04/04/2011 1:11:10 PM PDT · by thackney · 8 replies · 1+ views
    Fuel Fix ^ | April 4, 2011 | Tom Fowler
    An 8,000-foot section of pipe running from the sea floor to a connector that led to a Petrobras floating production ship in the Gulf of Mexico became detached last month and sank to the sea floor. The pipe, known as a riser, was connected to a subsea well in the Chinook field located about 165 miles offshore Louisiana in an area of the Gulf known as Walker Ridge. The well was not in production at the time, according to Melissa Schwartz, a spokeswoman for the Bureau of Offshore Energy Management, Regulation and Enforcement, so it does not appear that oil...
  • Bills Requiring US Action on Oil Leases, Permits Gain Support

    04/01/2011 12:54:41 PM PDT · by thackney · 12 replies
    Dow Jones via Rig Zone ^ | April 01, 2011 | Ryan Tracy
    A proposal to require the Obama administration to sell offshore oil leases and act on drilling permits within a set time frame gained more supporters Thursday, with Senate Republicans introducing legislation to do so a day after House Republicans backed the idea. The bills announced by Senate Republicans also took a far broader approach than the House proposals and included a grab bag of initiatives. The Senate bills would open up the Arctic National Wildlife Refuge in Alaska for drilling and direct royalty monies on those lands to "renewable energy development," according to a summary of the legislation distributed by...
  • Alaska Governor Asks Govt to Expedite Offshore Drilling Projects

    04/01/2011 9:47:15 AM PDT · by thackney · 8 replies
    Dow Jones via Rig Zone ^ | 4/1/2011 | Cassandra Sweet
    Alaska's governor asked federal regulators to move ahead in allowing new oil development in the Arctic Ocean, as the state looks for ways to shore up declining production. In a letter sent Thursday to U.S. Interior Secretary Ken Salazar, Gov. Sean Parnell wrote that "Alaska is the United States' most important and abundant domestic source of future oil and gas." He cited a 2008 U.S. Geological Survey report that estimated more than 10 billion barrels of oil and more than 100 trillion cubic feet of natural gas lay beneath the surface of Alaska's Beaufort and Chukchi Seas. Parnell seized on...
  • Post-spill milestone: Feds permit first new exploration well

    03/30/2011 1:25:08 PM PDT · by thackney · 2 replies
    Fuel Fix ^ | March 30, 2011 | Jennifer Dlouhy
    The federal government today granted Shell the first permit to drill a new deep-water exploration well proposed since last year’s Gulf spill, marking a major milestone for the oil and gas industry and offshore regulators. Under the move, Shell Oil Co. will be allowed to drill the first of three deep-water wells in the Gulf of Mexico about 250 miles southeast of Houston that were outlined in the company’s just-approved offshore exploration plan. The government has issued seven other permits for six deep-water projects that were permitted — and in some cases under way — when the deep-water moratorium was...
  • Feds will assess reliability of blowout preventers

    03/30/2011 10:28:11 AM PDT · by thackney · 2 replies
    Fuel Fix ^ | March 30, 2011 | Jennifer Dlouhy
    The government will study how to improve emergency drilling equipment known as blowout preventers following a report that revealed a possible design flaw in the device exhumed from BP’s failed Macondo well in the Gulf, an Obama administration official said today. Michael Bromwich, the head of the Bureau of Ocean Energy Management, Regulation and Enforcement, said that the agency has not considered blowout preventers the “fail-safe” equipment they were described to be. “We had been proceeding . . . on the premise that blowout preventers are not fail safes, and we need to do everything we possibly can to make...
  • Republicans and Democrats drill offshore chief

    03/30/2011 10:23:59 AM PDT · by thackney · 2 replies
    Fuel Fix ^ | March 30, 2011 | Jennifer Dlouhy
    The nation’s top offshore drilling regulator may have expected a cold reception today from Republicans in Congress, who have complained that the government is moving too slowly in approving oil and gas exploration. But as he testifies before the House Natural Resources Committee, Michael Bromwich is drawing fire from both ends of the political spectrum. Rep. Doc Hastings, R-Wash., the panel chairman, said that while seven permits have been issued for six deep-water projects stalled by last year’s moratorium since Feb. 28, federal regulators are still moving too slowly. “After months and months of no permits, they now come at...
  • Power To Spare

    11/05/2009 5:11:44 PM PST · by Kaslin · 12 replies · 450+ views
    Investors.com ^ | November 5, 2009 | INVESTORS BUSINESS DAILY Staff
    Leadership: As Palin jousts with Biden on energy independence, the government reports that we lead the world in energy reserves. From oil to gas to coal, we are sitting on prosperity. So why are we importing anything? One of the interesting sidelights of the NY-23 race was an exchange on energy independence between Vice President Joe Biden and the former governor of energy-rich Alaska, Sarah Palin. Biden, who came in to campaign for Democrat Bill Owens, was reminded of the issue of energy. "The fact of the matter is that Sarah Palin thinks the answer to energy was 'Drill, baby,...
  • Two-thirds of oil and gas leases in Gulf inactive

    03/29/2011 11:25:31 AM PDT · by safetysign · 30 replies
    Associated Press ^ | 03/29/2011 | Julie Pace
    An Interior Department report to be released Tuesday says more than two-thirds of offshore oil and gas leases in the Gulf of Mexico are sitting idle. According to the report, obtained by The Associated Press, those inactive swaths of the Gulf could potentially hold more than 11 billion barrels of oil and 50 trillion cubic feet of natural gas. The report also shows that 45 percent of all onshore oil and gas leases are inactive.
  • House GOP pushes plan to expand offshore drilling

    03/29/2011 11:01:58 AM PDT · by thackney · 8 replies
    Rig Zone ^ | March 29, 2011 | Jennifer Dlouhy
    A top House Republican today unveiled a suite of bills that aims to expand offshore drilling by forcing the Obama administration to sell oil and gas leases along the East Coast and more quickly vet proposed drilling projects. The maneuver by Rep. Doc Hastings, R-Wash., seizes on fears that spiking oil prices could constrain the United States’ economic recovery and taps into drilling advocates’ frustration with the pace of the government’s approval of offshore projects in the wake of last year’s Gulf oil spill. “The majority of Americans support offshore energy production and these bills will allow it to move...