Senate Democrats Question Offshore Drilling Leasing Work Amid Shutdown

Jan 23 (Reuters) - U.S. Senate Democrats are questioning the legal basis of the Trump administration's move to continue work on its five-year offshore drilling plan during the partial federal government shutdown. In a letter sent on Tuesday to David Bernhardt, the Department of Interior's acting secretary, and Walter Cruickshank, acting director of the Bureau of Ocean Energy … [Read more...]

U.S. Judge Blocks Atlantic Seismic Oil Permitting During Shutdown

By Valerie Volcovici WASHINGTON, Jan 18 (Reuters) - A federal court judge on Friday ruled that the federal government cannot process seismic testing permits for offshore oil drilling during the ongoing government shutdown, dealing a blow Trump administration's energy agenda. Judge Richard Gergel of the U.S. District Court in South Carolina issued the decision in response to … [Read more...]

After Billion-Barrel Bonanza, BP Goes Global with Seismic Tech

By Ron Bousso LONDON, Jan 18 (Reuters) - Buoyed by the success of seismic imaging that found an extra billion barrels of oil in the Gulf of Mexico, BP is looking to take its latest technology to Angola and Brazil. The software used in the Gulf, based on an algorithm created by Xukai Shen, a geophysicist straight out of Stanford University, led to BP discovering the … [Read more...]

Norway Supreme Court to Hear Snow Crab Case with Implication for Oil

By Gwladys Fouche OSLO, Jan 15 (Reuters) - Norway's Supreme Court will on Tuesday hear arguments on whether EU ships can fish for snow crab off Arctic islands north of Norway without permission from Oslo, a case that could decide who has the right to explore for oil in the region. At stake is whether the snow crab - whose meat is considered a delicacy by gourmets in Japan … [Read more...]

Winners and Losers in Big Oil’s Offshore Spending Revival

By Francois de Beaupuy (Bloomberg) -- After four years of cutbacks, oil companies are poised to open their purses again and develop new offshore fields, although the benefits won’t be spread equally across the companies who provide them everything from seismic surveys to pumps and turbines. The long-awaited spending rebound will re-energize oil-services providers … [Read more...]