Industry News

Norway opens Arctic border area to oil drilling

Posted on June 20, 2013 at 2:46 pm by Associated Press in Arctic, Europe STOCKHOLM — Norway’s Parliament has opened up a new area on the fringe of the Arctic Ocean to offshore oil drilling despite protests from opponents who fear catastrophic oil spills in the remote and icy region. […]

Oil trade group OK’s 30-month curb on seismic surveys in Gulf of Mexico that affect marine life

By Associated Press, Published: June 20 NEW ORLEANS — Oil and gas companies working in the Gulf of Mexico have agreed not to use seismic surveys for the next 2 ½ years in three areas considered critical to whales and along the coast during the peak calving season […]

House panel approves offshore drilling legislation – Pennenergy

A U.S. House of Representatives panel voted to approve the Offshore Energy and Jobs Act.

Wind developer eyes another massive project off Massachusetts coast

Jun 19, 2013, 6:33am EDT Deepwater Wind, a privately held developer of wind farms, is aggressively bidding to lease from the federal government an expanse of underwater land off the coasts of Massachusetts and Rhode Island that could eventually support a 1,000-megawatt wind farm. Full […]

With South Terminal construction underway, Cape Wind permits list Rhode

NEW BEDFORD — Cape Wind's federal permits list Quonset Point, R.I., as the staging area for its planned 130-turbine wind farm to be located in Nantucket Sound. The offshore wind developer has said publicly it will use New Bedford's South Terminal to ...

Cape Wind gets $200M investment from Danish fund

BOSTON (AP) — The Cape Wind offshore wind project has secured a $200 million investment from a Danish pension fund in what the wind farm's president said Tuesday is a milestone for the long-delayed project. In a statement announcing the commitment, ...

City of Charleston Embraces Offshore Wind, Welcomes Opportunity

South Carolina has the second greatest offshore wind resource on the entire East Coast—enough wind to power millions of homes and create thousands of jobs for South Carolinians. Leveraging Charleston's assets such as its world-class port facilities, ...

Deepwater Activity Statistics – New Discoveries Worldwide Driving Deepwater

Until the early 1990s, offshore exploration and drilling in deepwater areas was considered an economically unattractive option, as it is more expensive, more challenging, and more risky than shallow water offshore drilling. However, with the near ...

Preparing for hurricanes, 1,200 miles away from the Gulf

Posted on June 18, 2013 at 7:00 am by Jennifer A. Dlouhy in Beaumont, Politics/Policy, Weather More than 1,200 miles away from the Gulf of Mexico, scientists and government officials will be huddling on June 27 to strategize ways to safeguard offshore oil platforms and […]

A U.S. production soars, oil companies eye far horizons

Posted on June 18, 2013 at 12:01 am by Harry R. Weber in Beaumont, featured, Offshore Even as much attention focuses on the Gulf of Mexico and U.S. onshore production from shale plays, new frontiers for exploration are taking drillers, engineers, geologists and services firms to Brazil, the Arctic, Africa, Australia and parts […]
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