Industry News
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
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 […]
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
