offshore drilling

Feb. 11 (Bloomberg) — Total SA began life as Cie Francaise des Petroles, or CFP, almost a century ago. Thirty years since changing its name, the French

Drillers face a year of pain as they take delivery of a slew of new vessels ordered during boom times just as oil companies ruthlessly tighten spending on

When geologist Robert Ryan started his career in the 1970s, 600 feet was considered “deep water,” shale was useless rock and oil didn’t

Aug. 26 (Bloomberg) — Norway’s election outcome next month is poised to end a deadlock over oil drilling off the shores of its protected Lofoten

Aug. 8 (Bloomberg) — BP Plc, ConocoPhillips and Statoil ASA are among oil explorers investing at least $3 billion in wells off Angola next year in the

While operating for Total E&P offshore Angola, the 1999-built Ensco DS1 drillship was running their blowout preventer (BOP) to the wellhead in 4,318 feet

The measure would require the Obama administration to conduct additional sales of oil and gas leases off the coasts of Virginia, South Carolina, southern

Aberdeen-based offshore drilling contractor Awilco Drilling PLC, announced today they have signed a Letter of Intent (LOI) with Apache North Sea Ltd and TAQA

“Virginia is well positioned to be a national leader in offshore energy exploration,” noted Virginia Senator Tim Kaine in a press statement

For the first time in five years, more than 60 oil companies are set to bid on exploration permits offshore Brazil, taking on risks of drilling in virgin

(Bloomberg) — HRT Participacoes em Petroleo SA is expecting results this week from a well off Namibia’s Skeleton Coast that may revive interest in

Offshore drilling is safer than prior to the BP Plc spill in 2010 even though the U.S. Congress has failed to pass legislation tightening

March 22 (Bloomberg) — Iceland, which issued its first oil and gas exploration licenses this year, will probably order more supply vessels from Norway as

(Bloomberg) — Petroleo Brasileiro SA, the world’s largest deep-water oil producer, will stop leasing new rigs as it struggles to contain costs and

By Alison Sider HOUSTON–Shallow-water driller Rowan Drilling Company (RDC) is stepping in the deepwater, a move that it expects will boost profits and

LONDON–Oil prospecting in the U.K. North Sea has experienced renewed vigor and there is a positive outlook for 2013 activity, according to a report

Cameron International Corp. and Schlumberger Ltd. will join forces to develop and manufacture products for the subsea oil and gas market. Schlumberger, the

(Bloomberg) — Petroleo Brasileiro SA, the world’s largest deep-water oil driller, is becoming less profitable as costs rise faster than sales

Volatility in crude oil prices in recent months has made an impact on the offshore development. To learn about the causes of this market volatility, as well as

It has been said that the technology used to drill ultra-deepwater oil and gas wells rivals that of NASA.  Sometimes those comparisons are more literal than