A drilling hunch with its roots in the Jurassic period is paying off for Royal Dutch Shell, with a potential 100-million barrel oil find adding to the company’s bounty in the Gulf of Mexico.
Energy rigs in U.S. rise to 1,757, Baker Hughes reports
Oil and gas rigs in the U.S. advanced by nine to 1,757, the first gain in three weeks, according to Baker Hughes Inc.
DUNCAN: A step toward American energy independence
About seven years ago, I had the opportunity to tour Devil's Tower, an offshore drilling platform 140 miles southeast of New Orleans. It was an enriching experience learning how technology and human ingenuity come together to safely harvest resources from the depths of our oceans that are used to power our homes, cars and businesses.
Obama’s Energy Security Trust collecting dust
By Zack Colman - 07/02/13 02:46 PM ET
President Obama’s plan for a $2 billion Energy Security Trust is collecting dust on Capitol Hill.
Why oil and gas drilling is going deeper and further offshore
By Lou Gagliardi, Guest blogger / July 2, 2013
Offshore oil and gas drilling is moving further offshore and deeper underwater as energy companies seek to find sources of production in low-risk areas, Gagliardi writes. The added incentive is that more remote basins may hold the promise of significant deposits of hydrocarbons with 200 million barrels or more of recoverable reserves.
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