Tag: Offshore Oil
BOEM to unveil tougher environmental safeguards
BOEM wants to protect taxpayers from unplugged wells By Tracy Rucinski CHICAGO, June 20 (Reuters) – The U.S. government agency created after the 2010 Deepwater Horizon oil spill plans in coming weeks to unveil tougher financial requirements for offshore oil producers aimed at protecting taxpayers from the risk of cleaning up abandoned oil rigs, an agency […]
Oil rig helicopter crashes off Norwegian coast, 13 presumed dead
Witnesses say rotor detached from oil rig helicopter By Stine Jacobsen and Ole Petter Skonnord OSLO, April 29 (Reuters) – A helicopter ferrying passengers from a Norwegian oil platform crashed in the North Sea on Friday, killing at least 11 of the 13 people on board, rescue officials said. The 11 passengers and two crew […]
Helix Energy: Q4 $403 million loss due to reduced offshore drilling
Helix Energy’s well intervention vessel utilization in Q4 2015 decreased to 47% from 60% in Q3 2015 Helix Energy Solutions Group, Inc. reported a net loss of $403.9 million, or $(3.83) per diluted share, for Q4 2015 compared to net income of $8. million, or $0.08 per diluted share, for the same period in 2014 and net income of $9.9 […]
Mexico fine-tuning deepwater bidding process to revive interest
Many American companies sitting out Round 1 because of unattractive terms set by Mexico government Mexico needs to attract significant interest to salvage a bidding round hampered by delays and low oil prices, with Phase 4 of the current Round 1 licensing process offering the country’s first deepwater assets, according to research and consulting firm GlobalData. The […]
US Gulf of Mexico share of active offshore rigs declines since 2000
US Gulf of Mexico offshore rig count currently 33 The US Gulf of Mexico is rapidly losing offshore rigs. The American share of active offshore rigs has dropped to less than 20 per cent since 2008, according to the US Energy Information Administration. In response to the decline in crude oil prices since mid-2014, the […]
California oil spill: Governor declares state of emergency
7,700 of 105,00 gallons of leaked oil in California oil spill recovered More than 7,700 gallons of oil has been raked, skimmed and vacuumed from a spill that stretched across 9 miles of California coast, just a fraction of the sticky, stinking goo that escaped from a broken pipeline, officials said. Up to 105,000 gallons […]
Guyana oil discovery significant: Exxon
Guyana oil discovered in waters also claimed by Venezuela Exxon Mobil Corp. confirmed Wednesday that it has made what it calls a “significant” oil discovery off Guyana in waters also claimed by Venezuela as part of a long-running border dispute between the South American countries. The company and Guyana’s government had said May 7 that […]
Offshore oil and natural gas industry safer than ever – API CEO
Efforts to improve offshore oil and natural gas safety began after Macondo incident in 2010 Advances in technology, standards and practices in the last five years have made America’s offshore oil and natural gas industry safer than ever, according to industry leader Jack Gerard, president and CEO of the American Petroleum Institute. “Our goal is zero […]
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