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Tag Archives: Offshore Drilling

Port Fourchon to expand for deepwater rig operations

offshore drilling, Port Fourchon

PORT FOURCHON, La. (AP) — The Greater Lafourche Port Commission says agreements have been reach that will advance a plan to develop the Gulf’s first purpose-built, deepwater rig repair and refurbishment facility to service the oil and gas industry. Chett Chiasson, Port Commission executive director, said in a news release the agreement is with the Edward Wisner Donation, granting the ...

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The Latest: Dismal oil tract sale results due to low prices

oil lease sale, Louisiana, offshore drilling

NEW ORLEANS (AP) — The Latest on federal oil lease sale (all times local): 10:15 a.m. A federal official says low oil prices are the reason few companies were interested in bidding in the latest oil lease sale for the Gulf of Mexico. The regional director for the Bureau of Ocean Energy Management, Michael Celata (sel-AH-tuh), says the $18 million ...

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Feds to livestream Gulf oil and gas lease sale

oil and gas drilling lease sale

NEW ORLEANS (AP) — Five months after protesters disrupted an oil and gas lease sale for tracts in the Gulf of Mexico, the government is livestreaming a lease sale but closing the site in New Orleans where bids are read. Wednesday’s sale, offering all 23.8 million acres available for drilling and exploration off of Texas coast, will be the first ...

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8 companies seek oil drilling rights for 3 areas off Cyprus

Cyprus, offshore oil drilling

NICOSIA, Cyprus (AP) — Cyprus’ energy minister says eight companies have formally applied to carry out exploratory oil and gas drilling in waters off the island’s southern coast. Yiorgos Lakkotrypis says six applications for a drilling license were submitted for all three blocks, or areas, that were available as part of the island nation’s third licensing round. He said the ...

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Kerry tours Arctic Circle to see climate change impact

John Kerry, Arctic

NY-ALESUND, Norway (AP) — U.S. Secretary of State John Kerry on Thursday visited Norway’s extreme north, viewing areas where climate change has melted ice and opened new sea lanes. Trailed by staff and journalists in small Zodiac-type inflatable boats, Kerry and Norway’s foreign minister motored in an Arctic scientific vessel from a research station in Ny-Alesund, the world’s northernmost civilian ...

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Hercules Offshore strikes deal with lenders

NEW YORK (AP) — Oilfield services company Hercules Offshore has worked out an agreement with lenders before it seeks Chapter 11 bankruptcy protection, the second time will have done so in less than year. This time, however, the company is selling assets to pay off investors. Hercules transferred the right to acquire the rig, formerly named Hercules Highlander, to a ...

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Stricter offshore drilling rules issued, upsetting industry

Stricter offshore drilling rules issued, upsetting industry

NEW ORLEANS (AP) — The Obama administration issued new rules Thursday to make oil and natural gas offshore drilling equipment safer and to reduce risks in digging wells, but the oil industry and its supporters in Congress say they are costly and questioned their need. The rules published by the Interior Department came nearly six years after the catastrophic blowout ...

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Scalise to take peers on tour of Gulf’s offshore drilling

Scalise to take peers on tour of Gulf's offshore drilling

NEW ORLEANS (AP) — House Majority Whip Steve Scalise is taking a batch of congressmen on a tour of the Gulf of Mexico’s oil and gas offshore drilling industry. Scalise, a Republican from Louisiana, has led energy tours for his peers since he became a House member in 2008. On Friday, he’s showing off the industry to six other congressmen ...

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Gulf oil, gas leases up for sale; environmentalists protest

NEW ORLEANS (AP) — The federal government is selling off oil and gas leases in the Gulf of Mexico during a sale Wednesday, but environmentalists opposed to fossil fuels development on public lands plan to protest. The Bureau of Ocean Energy Management is offering about 45 million acres for exploration and development. Companies submit bids in advance to the agency, ...

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In reversal, Obama administration to block oil drilling in Atlantic

In reversal, Obama administration to block oil drilling in Atlantic

WASHINGTON (AP) — In a major reversal, the Obama administration says it will not allow oil drilling in the Atlantic Ocean. Interior Secretary Sally Jewell made the announcement Tuesday on Twitter, declaring that the administration’s next five-year offshore drilling plan “protects the Atlantic for future generations.” The announcement reverses a proposal made last year in which the administration floated a ...

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