Not all oil fields are accessible from dry land. When energy companies need to extract oil from underwater fields, they look to offshore drilling techniques.
Articles Tagged "Oil Drilling"
Let's make one thing clear: There is no magic formula to determine which company will be the next big buyout story. But if there were a formula, it would include variables like asset value, management skill level, risk profile and location, location, location. Today, C. K. Cooper & Co. Analyst Daren Oddenino joins The Energy Report to discuss M&A trends and help us solve for X. One caveat—a company that tempts an international player might leave domestic majors cold.
Kulczyk Oil Ventures Inc. (WAR:KOV) reports its well has encountered eight potential gas bearing reservoirs at total depth.
An overview of three technologies that have the potential to push the boundaries of offshore drilling in the near future.
Hemisphere Energy Corp. (CVE:HME) announced that drilling at the Jenner property in Alberta have begun.
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.
Depending on the investment time frame and assumed risk, opportunities currently exist in both the oil and natural gas sectors supported by current and projected market fundamentals.
Primary Petroleum Corporation (CVE:PIE) reports that it has entered into a Seismic and Farmout Agreement with Nextraction Energy Corp. (CVE:NE) whereby it can earn an interest in Primary's 20,000 acre Saturn Prospect, Daniels County, Montana.
Prior to the Gulf of Mexico oil leak in April, U.S. regulators approved about a dozen permits a month to drill in the shallow waters off the Gulf. Following the spill, a considerably more cautious approach has barely allowed one a month, despite the six-month moratorium only affecting wells in much deeper waters.