Industry News

Offshore drilling chief to resign, take post at maritime firm

The Obama administration's top regulator for offshore drilling plans to resign by this fall, creating another high-level vacancy at the Interior Department as the administration continues its second term. Full Story

NOIA President Comments on the Impending Departure of BSEE Director James A. Watson

For Immediate Release: Tuesday, July 9, 2013 Contact:  Nicolette Nye, (202) 465-8463,   NOIA President Comments on the Impending Departure of BSEE Director James A. Watson   Washington, D.C. – NOIA President Randall Luthi today issued the following statement regarding the impending departure of […]

Shell names new CEO to replace retiring Voser

Royal Dutch Shell selected its future chief executive officer, refining leader Ben van Beurden, indicating its plans to leverage its chemical and refining expertise to keep pace with the growing role of downstream. Full Story

Energy companies dominate Fortune Global 500

Energy corporations dominate this year’s Fortune Global 500 list of the largest corporations in the world by revenue, with China’s oil and power giants rising in the ranks. China National Petroleum and Sinopec Group hopped over BP, as the British oil company struggles to pay for […]

Google becoming big energy player

Google may not seem like an energy company, but it sure is acting like one. Through more than $1 billion in investments and through large contracts for renewable power, Google has become the most significant player in the energy business outside of actual energy companies […]

Gulf of Mexico rig count hits 4-year high

The number of rigs drilling in the US Gulf of Mexico hit a four-year high this week, according to data from Houston-based oilfield services giant Baker Hughes. read more

Opinion – Unlock energy potential for Virginia and nation, Randall Luthi

With bipartisan passage of the Offshore Energy and Jobs Act, Doc Hastings and the U.S. House of Representatives charted a course for safely developing American oil and natural gas from our oceans. We can provide new jobs, increase state and federal treasuries and enhance our […]

Transocean sets new offshore water depth drilling record

Transocean Ltd. (NYSE: RIG) (SIX: RIGN) reports that the ultra-deepwater drillship Dhirubhai Deepwater KG1 has set a new world record for the deepest water depth by an offshore drilling rig.  read more

Shell says Gulf find may hold 100 million barrels

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. Full Story

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. Full Story
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