GE Oil & Gas and Statoil have teamed up to lead the search for technologies to lower the amount of sand required to drill and maintain wells. Hopes are to reduce truck traffic in communities while also cutting costs.
Lack of information is the universal challenge to all exploration activities for Mexico's Gulf of Mexico waters.
Shell’s plans to drill this summer in Arctic waters have attracted six activists to the Polar Pioneer, the Transocean-owned semisubmersible rig destined for the Chukchi Sea. The rig is being transported to the Arctic on the heavy-lift Blue Marlin vessel for use by Shell.
The way to lessen U.S. vulnerability, however, is not to withdraw from the world oil market altogether (if that were even possible). It’s to sell more of the U.S.’s expanding crude stores abroad. As a bigger player, the U.S. would have a greater influence on price.
Earning and keeping the public's trust calls for embracing oversight and accountability as necessary, according to EDF.
Subsea UK has entered a long-term partnership with Aberdeen, Scotland’s Robert Gordon University to extend the Scottish Marine Advanced Technology Education (MATE) ROV Challenge. In addition, ROVOP, a U.K. company that supplies subsea ROV services to the industry, is throwing in its support for the cause.
If Congress and the Obama Administration were to repeal the decades old prohibition on crude oil exports, studies show that domestic energy production would increase along with GDP, job growth and capital investment, all while reducing our national trade deficit.
Two studies published by IHS shed light on the potential economic impacts of lifting the ban that has been around since the 1970s. The latest study, entitled Unleashing the Supply Chain: Assessing the Economic Impact of a U.S. Crude Oil Free Trade Policy, was released this week.
The emissions data required by the rule helps communities near oil and natural gas development better understand pollution sources, and gives companies better ways to identify opportunities to reduce emissions. As these policies have gotten stronger under the Obama administration, industry has continued to fight them in federal court.
The U.S.-China Clean Energy Research Center (CERC) has issued a $12.5 million FOA for a new U.S.-based research consortium focused on water-related aspects of energy production and use. Working with researchers in China, the consortium would aim to find ways to help ensure energy, water and environmental security in addition to combating climate change, according to a news release from the U.S. Department of Energy.
Staggered by $135 billion in debt and scandal, Brazilian state-run oil giant Petrobras has announced plans to offload some $13.7 billion in assets. Officials claim this is not a plan to raffle the jewel of the government crown. Instead think fire sale, a maneuver to raise cash and keep creditors at bay.