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You Searched For "offshore oil drilling" and got 19 results


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3 mins read

The Arctic is open for business: the Trump administration will allow drilling in federal waters off the coast of Alaska

But nobody knows exactly how much oil is in ANWR, since the results of the only drilling ever done …

Hilary Brueck   


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2 mins read

US shale producers are killing any hopes of a recovery in the offshore oil drilling business

"In 2015, Transocean's stock price rose and fell along with the price of crude," he added. But, in…

Prashanth Perumal   


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2 mins read

One major oil CEO thinks the industry is in a 'severe and prolonged down cycle'

"Eventually however, the price of oil should stabilize at a much higher price than where we are tod…

Bob Bryan   


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2 mins read

Things are so bleak in the oil industry an offshore drilling company got a 90% discount on a $700 million rig

As gCaptain noted, Ocean Rig bought four of a similar type of rig from builder Samsung Heavy Indust…

Bob Bryan   


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1 min read

10 industries at risk by Trump's offshore oil and gas drilling proposal

Less than a week after Trump's proposal, Interior Secretary Ryan Zinke removed Florida from the lis…

Daniel Brown   


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1 min read

Experts laud ONGC’s efforts in energy industry, see India as a bright spot

Jon Fredrick Muller, senior project manager at the Oslo-based Rystad Energy AS, said that what was …

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1 min read

Russia Finds Oil In The Arctic But Now It Probably Can't Keep Looking For More

"The well was drilled before the Oct. 10 deadline Exxon was granted by the US government under san…

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2 mins read

Exxon's role in Guyana deepens as the government approves a massive $9 billion oil-drilling project

Guyana approved Exxon's third offshore drilling project, further cementing the oil giant's role in …

Benji Jones   


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1 min read

Here Are The Most And Least Expensive Ways To Drill For Oil

On Monday, the price of West Texas Intermediate oil - the US benchmark price - traded below $53 a b…

Myles Udland   


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GOP congressman: Trump may have exempted Florida from offshore drilling because of Mar-a-Lago

"I would also say this, it smacks of what we never want to see in politics which is: Is it self-ser…

Bob Bryan   


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6 mins read

Earth's newest continent 'Zealandia' was found thanks to a giant underwater land grab

"Oil remains a significant export earner in New Zealand and natural gas is a vital input to industr…

Dave Mosher   


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2 mins read

SpaceX is converting an oil rig into a floating launch pad in the ocean for its Starship rocket in Mississippi

One of SpaceX's oil rigs, Phobos, is now located in Pascagoula, a city in Jackson County, Mississip…

Kate Duffy   


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3 mins read

New York's $6 billion plan for offshore wind shows that oil drilling really is on the way out

As the Atlantic coast of Long Island is heavily-reliant on tourism, keeping the turbines out of sig…

Jeremy Berke   


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1 min read

Senators push for offshore oil-drilling ban in budget reconciliation after California disaster

The demand comes days after an accident dumped more than 126,000 gallons of crude oil into the wate…

Charles Davis   


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3 mins read

The Trump Administration is proposing auctioning off nearly all US coastal waters for offshore drilling

Leaders of many coastal states up and down the East and West coasts, including California, Oregon, …

Hilary Brueck   


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2 mins read

The oil market is finally starting to make sense

Separate from the oil crash, there has been a structural decline in the average cost of drilling fo…

Akin Oyedele   


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The Trump administration is removing Florida from its offshore drilling plan because the state is 'obviously unique' - and other coastal states are furious

The original plan, announced by the Department of the Interior last week, would allow oil companies…

Hilary Brueck   


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1 min read

Saudi Arabia plans to convert an offshore oil rig into a luxury extreme sports amusement park

The Rig, an amusement park with a hotel for 800 guests, will sit atop a converted oil rig in the Ar…

Joshua Zitser   


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4 mins read

Here's what Obama's ban on arctic oil drilling actually means

Obama's action, which he announced in conjunction with Canadian Prime Minister Justin Trudeau, was …

Dana Varinsky  Â