By Paul Burkhardt (Bloomberg) --Total SA has deployed a rig to South Africa to look for more oil near a massive discovery, in a rare example of exploration in a frontier area. The Odfjell Deepsea Stavanger has left Bergen in Norway for the southern tip of Africa, Africa Energy Corp., Total’s partner in the project, said Thursday. While drilling work has dropped off … [Read more...]
Offshore Drillers Face New Round of Bankruptcies
By Liz Hampton and Nerijus Adomaitis DENVER/OSLO, June 24 (Reuters) - The companies that operate offshore drilling rigs for major oil producers face a second wave of bankruptcies in four years amid a historic drop in energy prices that likely will leave surviving drillers more closely tied to big oil firms. A collapse of the offshore industry will have broad impact. Drillers … [Read more...]
VIDEO: How Offshore Oil Rigs Work
https://youtu.be/ABIkWS_YavM Without a doubt, the highest quality, most interesting, maritime and offshore videos of today are produced by Wendover Productions. Seriously, Go subscribe to their channel now and hit that notification button! … [Read more...]
Turkey Signs Maritime Boundaries Deal With Libya
by Daren Butler (Reuters) - Libya’s internationally recognized government and Turkey have signed an agreement on maritime boundaries in the Mediterranean Sea that could complicate Ankara’s disputes over energy exploration with other countries. Turkey, which announced the accord and a deal on expanded security and military cooperation on Thursday, gave no details of their … [Read more...]
Transocean Semi-Submersible is First to Use Battery Power for Drilling Operations
Deepwater drilling contractor Transocean says it has deployed that world’s first hybrid battery system on floating drilling rig to supplement power needs during drilling operations. They hybrid energy storage system was deployed on its Transocean Spitsbergen semi-submersible at the Snorre Field in Norway. Transocean says the patented technology targets a 14 percent … [Read more...]