Industry News
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 […]
Wildcatter hunch unlocks $1.5 trillion oil offshore US
Posted on September 16, 2013 at 7:12 am by Bloomberg in featured, Gulf of Mexico, Offshore Texaco Inc. geologist Robert Ryan didn’t suspect he was helping change the energy future of the Gulf of Mexico when he gave the go-ahead for a well that would […]
The Nation Cannot Afford to Delay Atlantic Seismic
In response to the Washington Post editorial, "Debate over seismic air guns should wait until science has spoken," NOIA along with the American Petroleum Institute (API), the International Association of Geophysical Contractors (IAGC) and the Independent Petroleum Association of America (IPAA) issued the following letter […]
Subsea 7 Awarded Contract for Offshore Oil & Gas Project in GOM
September 12, 2013 By PennEnergy Editorial Staff Source: Subsea 7 S.A. Subsea 7 S.A. (Oslo Børs: SUBC) today announced a contract award by Stone Energy valued in excess of US$70 million for the development of the Cardona field in the U.S. Gulf of Mexico. The contract scope includes engineering, procurement, installation […]
Russia Moves Closer to Tax Relief for Offshore Hydrocarbons
MOSCOW, Sept 11 (Reuters) - Russian lawmakers approved tax relief for offshore fields containing hydrocarbons essential for boosting production in the remote regions of the world's top energy producer, a representative for a Duma committee told Reuters on Wednesday. Russia is offering new tax relief […]
