
President Barack Obama’s administration has sucessfully issued a new six-month moratorium on deepwater oil drilling in the Gulf of Mexico, replacing an earlier ban that had been struck down by U.S. courts as being too broad.

President Barack Obama’s administration has sucessfully issued a new six-month moratorium on deepwater oil drilling in the Gulf of Mexico, replacing an earlier ban that had been struck down by U.S. courts as being too broad.

The independent commission appointed by President Barack Obama to investigate the Gulf of Mexico oil spill will hold its first formal meeting today (Monday 12th July), but it is already at the center of several battles raging in Washington.
Cairn Energy is to begin drilling in Baffin Bay after being given the green light for tests from Greenland’s government. Read the rest of this entry

Sevan has been informed that the Sevan Driller has been accepted by Petrobras. The rig will be operating in the pre-salt area offshore Brazil under a fixed six year drilling contract.

CNOOC Ltd is poised to gain further momentum with the expected delivery of its first deepwater drilling rig (Offshore Oil 981) in the fourth quarter of this year.

With the growing exploitation speed and the continual decreasing oil and gas resources, offshore petroleum resources have become the focus of each country and the hotspots of oil and gas exploration and development.

Ninety oil workers have been evacuated from a North Sea rig as engineers fight to control a huge build up of pressure in a well which critics say has the potential to blow-up the platform and cause a major environmental problem.

Veripos has been awarded an extension to its existing master services contract with Bergen Oilfield Services (BOS), one of Norway’s principal seismic survey contractors operating worldwide.

Reports have emerged that the first gas has been produced from the Henry and Netherby gas field development, located offshore Port Campbell in western Victoria.

A consortium made up of, LUKOIL Overseas, US Vanco and Ghana National Petroleum Corporation, GNPC, has discovered a significant hydrocarbon accumulation in the Gulf of Guinea offshore the Republic of Ghana, Lukoil said in a press release.