Industry News

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 […]

Court rejects SEC rule on oil company payments

Posted on July 2, 2013 at 11:22 am by Jennifer A. Dlouhy in featured, General, Legal issues A federal judge handed the oil industry a big win on Tuesday, when he tossed out a new financial disclosure rule that would require companies to reveal what they pay foreign governments in exchange […]

Oil work to go on in Alaska’s Arctic waters, without drilling

By Yereth Rosen ANCHORAGE, Alaska, June 28 No one will drill in Arctic waters off Alaska this year, but there is still plenty of offshore work for the oil industry to do when conditions finally allow it next month. Full Story

House bill would lift ban on coastal gas, oil drilling

By Bill Bartel The Virginian-Pilot June 29, 2013 Legislation that lifts a federal moratorium on oil and gas drilling off Virginia's shores and splits potential federal revenue among coastal states was approved Friday by the Republican-controlled U.S. House in a mostly party-line vote. Full Story

Offshore Drilling Bills’ Sponsors, Cosponsors Received Big Bucks From Oil Industry

By Monica Vendituoli on June 28, 2013 12:30 PM Sponsors and cosponsors of two bills to expand offshore drilling taken up by the House this week received hundreds of thousands of dollars from the oil and gas industry in the last election cycle. Full Story

House moves to expand offshore drilling

Posted on June 28, 2013 at 10:10 am by Jennifer A. Dlouhy in Offshore, Politics/Policy The House on Friday passed legislation that would expand offshore drilling by forcing the federal government to sell new oil and gas leases along the coasts of California, South Carolina, Virginia and any other states […]

Oil drilling off Santa Barbara coast? House Republicans say yes

June 28, 2013|By Richard Simon WASHINGTON -- In spite of a White House veto threat, the Republican-controlled House on Friday launched a new effort to open up the California and Atlantic coasts to oil drilling. Full Story

Fourchon could benefit from oil agreement

By Xerxes Wilson Staff Writer Published: Friday, June 28, 2013 at 10:01 p.m. Port Fourchon could benefit from recent congressional action seeking to open 1.5 million acres in the western Gulf of Mexico to oil and gas drilling. Full Story

Offshore drilling market worth $121.1 billion by 2018

DALLAS, June 28, 2013 /PRNewswire/ --The Report "Offshore Drilling Market By Services (Contract Drilling, Directional Drilling, Logging While Drilling), Applications (Shallow Water, Deepwater, Ultra deepwater) & Geography - Global Trends & Forecasts to ...Go to Source

Maine Gov. LePage signs offshore wind power bill

AUGUSTA, Maine (AP) — Maine Gov. Paul LePage has signed a bill designed to provide for the development of offshore wind power projects in Maine. The Republican governor signed the bill into law on Friday. It will require Maine's Public Utilities ... Go to Source
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