Halliburton (HAL), which provided services to BP on its doomed Macondo well, hasn’t had any trouble getting back to work in the Gulf of Mexico’s deep waters. HAL has won 30% of the drilling service contracts and 40% of well completion work tendered since US regulators resumed issuing deep-water drilling permits in late February, CEO David Lesar says. That’s a better market share than before the Macondo blowout, and as a result, he says, HAL plans to bring back equipment and workers that were moved from the Gulf because of the disaster-related drilling shut down.
The U.S. Department of the Interior has announced a final rule that modernizes regulations governing offshore wind projects in federal waters, which could help to boost the deployment of the...
SINGAPORE, April 24 (Reuters) – Demand for liquefied natural gas (LNG) to power ships will rise this year on attractive prices, while more dual-fuel vessels join the global fleet, industry executives said....
(Bloomberg) — The Biden administration is taking steps to jump-start the fledgling offshore wind sector, outlining a five-year leasing plan that would include turbines in the far reaches of the...
April 24, 2024
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