accountThe beefed-up equipment, like its predecessor, is capable of capturing 60,000 barrels of oil per day from a leaking...
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OFFSHORE OIL DRILLING
The quest for fossil fuel at home is far from over. Soaring prices of gasoline has opened up the debate on whether Washington should revisit the 1981 moratorium on U.S. offshore oil drilling. Whatever is decided will have a huge impact on the oil companies and the U.S. economy.
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Report recommends additional study be done on the BOP's failure to close and seal the Macondo well.
A new report from Grant Thornton, a tax and advisory firm, states the BP oil leak and the ensuing political reaction to...
Tullow Oil's Banda-1 exploration offshore Ghana and the Jobi-East-1 and Mpyo-3 wells onshore Uganda have successfully...
The joint venture has secured a $109.5 million contract to provide a jackup drilling rig to support the offshore oil...
GeoGlobal Resources Inc. announced that the International Operating Agreement relating to the offshore Israel license...
Oil rigs are at it again. According to the latest Baker Hughes rig count March 11, oil-directed rigs broke another...
BP claims $2.067 bil from Mitsui in Macondo oil spill costs - read this Platts news article and other stories in oil...
Oil major BP to resume Gulf of Mexico drilling in 6 to 12 months “with more focus on safety,” investment bank...
State-run Petroleos Mexicanos, or Pemex, has discovered natural gas and condensate at its Piklis-1 exploration well in...
New links sought after failed Rosneft-BP move
Consulting engineers estimated a combined total of more than 1 billion bbl of oil in place on three prospects on the...
Billionaire John Fredriksen ’s Seadrill Ltd. invested $2 billion in the past two months on new oil rigs, leading a jump...
Wave of consolidation among offshore drilling companies "highly likely" as recent rebound in rig orders...
BP Plc doesn’t have an agreement with the U.S. to resume drilling in deep waters of the Gulf of Mexico, Interior...
BHP holds a 44% equity stake in project
THE threat to thousands of offshore jobs in the region grew yesterday as more energy giants said they were considering...
The number of oil and natural gas rigs operating in the U.S. rose for the first time in 19 weeks as the number of crude...
Alaska Gov. Sean Parnell asked US Sec. of the Interior Ken Salazar and the federal government to work with the state of...
Taqa's first quarter net profit falls 47 per cent after the UK raises taxes on North Sea oil and gas production
To work together on geological exploration in the license areas of Rosneft on Russia's shelf and development of fields...
The oil market is signaling that prices have nowhere to go but up as the biggest spill in U.S. history curbs drilling...
Anadarko Petroleum Corp. has finalized plans for its previously announced 2011 drilling campaign in the Liberian basin...
The national oil company of Mexico, Pemex has officially launched the first licensing round made available to...
Top Sources: Offshore Oil Drilling
- science.howstuffworks.com
- ogj.com
- BusinessWeek
- US News
- bloomberg.com
- ap.google.com
- ft.com
- Washington Post
- pennenergy.com
- St. Petersburg Times
