Innovative Technologies in Offshore Drilling
An overview of three technologies that have the potential to push the boundaries of offshore drilling in the near future.
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Tag Archive | "drilling"
Giant Exxon Discovery Could Change Deepwater Gulf of Mexico Outlook
Monday, June 13, 2011
Oil companies are hoping this latest major find will provide further justification for speeding up the permit issuing process for deepwater drilling in the Gulf of Mexico.
Downward Pressure On Oil Price
Friday, April 17, 2009
Recent dismal economic data and growing U.S. inventories kept oil prices below $50 a barrel Friday despite hopes of a possible second-half recovery in crude demand. Benchmark crude for May delivery fell 40 cents to $49.58 a barrel by Noon in European electronic trading on the New York Mercantile Exchange. The contract on Thursday rose 73 cents to settle at $49.98.
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State agrees to issue key permits for Point Thomson drilling
Tuesday, January 27, 2009
The state of Alaska will issue key permits for drilling of the first two wells in a $1.3 billion gas cycling and condensate production project ExxonMobil plans at Point Thomson, 60 miles east of Prudhoe Bay, state Commissioner of Natural Resources, Tom Irwin, announced Tuesday afternoon in a press release. For full story, click here
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Venezuela Takes Over Ensco Drilling Rig in Dispute
Tuesday, January 27, 2009
Petroleos de Venezuela SA’s Petrosucre joint venture “assumed operational control” of Ensco International Inc.’s offshore drilling rig Ensco 69 after the Dallas-based company halted operations in a payment dispute. For full story, click here
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Independent oil and gas exploration cos deferring drilling
Thursday, December 25, 2008
There have been unofficial reports of independent oil and gas exploration companies deferring some of their drilling programs, but the most recent economic indicators still show optimism in the industry. For full story, click here
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Energy producers promote offshore drilling efforts
Sunday, August 10, 2008
Texas Alliance of Energy Producers has started placing advertisements in regional print and broadcast media in support of drilling on federal lands to offset crude oil imports. For full story, click here
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Benchmark: August 7
Thursday, August 7, 2008
After four weeks of refreshing slippage, NYMEX oil futures began to edge upward into the $120 per barrel range. It appears the rise was largely predicated on two factors.
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Obama opens door to Offshore Drilling
Monday, August 4, 2008
Barack Obama hinted that he is open to expand offshore oil drilling if it is in a broader package of energy measures, which would free the logjam on energy bills in Congress. Obama was quoted as saying: My interest is in making sure we’ve got the kind of comprehensive energy policy that can bring down gas prices. For more [...]
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VAALCO provides update on drilling and exploration program
Friday, August 1, 2008
VAALCO reported that it has finished the installation of the production platform at its Ebouri field in offshore Gabon, West Africa. Robert L. Gerry, III, Chairman and CEO, said: We are making good progress in bringing production online and exploring new opportunities for growth. For more information, click here
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- Adira Energy Ltd. – Developing Energy Resources in Israel
- Primary Petroleum – Alberta Basin Bakken
- Simba Energy Inc. – Pursuing Oil and Gas Opportunities in West Africa
- Zone Resources Inc. – Developing the Girard Iron Property
Asides
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Monday, July 4, 2011