Industry News

New waves of seismic technology yield big oil finds (video)

Posted on October 28, 2013 at 11:59 pm by Zain Shauk  John Etgen, distinguished advisor for seismic imaging at BP, discusses seismic imaging results. Breakthroughs in seismic imaging have helped oil companies understand and pursue vast new resources. (Mayra Beltran / Houston Chronicle) HOUSTON — For decades, the […]

Report: Offshore regulator needs outside expertise on technology

Posted on October 28, 2013 at 4:28 pm by Jennifer A. Dlouhy  An aerial view of the Ensco 8502 drilling rig in the Gulf of Mexico. (Jennifer A. Dlouhy/Houston Chronicle) WASHINGTON — The expertise of the offshore oil and gas industry outmatches the federal agency that oversees it, […]

Halliburton’s tech chief pushes oil field innovation

Posted on October 27, 2013 at 5:00 am by Emily Pickrell Halliburton's vice president of technology, Greg Powers, stands in front of a wall of patents at Halliburton's north campus in Houston. (Todd Spoth) HOUSTON — Greg Powers joined Halliburton in 2010 after a career in engineering and […]

Services companies stand to profit if Pemex makes changes

Posted on October 27, 2013 at 5:00 am by Emily Pickrell Enrique Pena Nieto, Mexico's president, speaks in Mexico City in August 2013. (Susana Gonzalez/Bloomberg) HOUSTON — Proposals to open Mexico’s energy industry to outside investment could make a good thing even better for oil field services companies […]

Energy Firms Want Action on Atlantic Drilling

Posted on October 26, 2013 at 11:59 pm by Jennifer A. Dlouhy in Offshore, Premium WASHINGTON — Energy industry leaders are fretting that it could be a decade before the federal government allows them to hunt for oil and gas along the East Coast, unless the Obama administration shifts its […]

Gulf of Mexico moves toward a comeback

by Collin Eaton Polluted by crude, crises and fears of ceaseless political entanglements, the Gulf of Mexico looked endangered as an oil hub after BP’s massive 86-day spill three years ago. But international oil companies, including BP, are ramping up in the largest U.S. offshore oil […]

London’s Low Taxes Lure Foreign Companies as Banks Retrench

By Matthew Campbell and Aaron Kirchfeld - Oct 17, 2013 The Swiss town of Baar boasts clean air, easy access to ski slopes and some of Europe’s lowest personal taxes. London? Traffic and perpetual drizzle. Yet executives at Noble Corp. (NE), a provider of deepwater […]

Statoil pulls offshore wind project in Maine

AUGUSTA, Maine (AP) — Norwegian company Statoil announced on Tuesday that it was abandoning a proposed $120 million wind project off the coast of Maine, which industry officials once said could make Maine a leader in offshore wind power, after Republican Gov. Paul LePage’s administration […]

Feds give industry more time to vet offshore rule

by Jennifer A. Dlouhy Federal regulators on Thursday gave in to the oil industry’s plea for more time to review a suite of proposed new mandates for offshore production systems. The Bureau of Safety and Environmental Enforcement said it would extend a 60-day deadline for […]

Western companies mum as Asian groups flock to Brazil

Published: Monday, September 23, 2013 When one of Brazil's premier deepwater oil fields comes up for auction next month, few Western companies will be bidding for it. But a smattering of Asian energy giants have all registered to bid for Brazil's Libra offshore field, which […]
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