Industry News

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

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
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