Discovery

How shale oil is reshaping the US energy landscape - by AJOT

The recent shale revolution has brought about a powerful transformation in the country’s economic profile; creating jobs, driving new prosperity and also bringing us closer to true energy independence.

Shell Arctic drilling rig departs Seattle surrounded by protesters

Reuters | June 15, 2015 | Energy | Discovery

A Royal Dutch Shell PLC drilling rig that will search for oil in the Arctic pulled out of its temporary base in Seattle on Monday for the trip north to Alaska as dozens of activists in kayaks tried to stop its movement, authorities said. Read More »

Odfjell Drilling wins North Sea contracts worth up to $1.04 bln

Reuters | June 15, 2015 | Energy | Discovery

Norwegian oil major Statoil has awarded rig firm Odfjell Drilling contracts worth up to $1.04 billion for work on the giant Johan Sverdrup field in the North Sea, Odfjell said on Monday. Read More »

Arctic drilling protesters dangle from Shell ship in Washington state

Reuters | June 12, 2015 | Energy | Discovery

Two activists protesting plans by Royal Dutch Shell to resume drilling for oil in the Arctic dangled for several hours on Friday from the anchor of one of the company’s vessels in Washington state before coming down voluntarily, the Coast Guard said. Read More »

First vessel in Shell’s Arctic drilling fleet heads for Alaska

Reuters | June 11, 2015 | Energy | Discovery

The first vessel in Royal Dutch Shell’s Arctic drilling fleet has embarked from Washington state to Alaska ahead of its planned resumption of oil and gas exploration in the remote region this summer, the company said on Thursday. Read More »

Seattle protesters seek to block access to Shell Arctic drilling rig

Reuters | June 09, 2015 | Energy | Discovery | Liner Shipping

A group of protesters gathered at the Port of Seattle on Tuesday seeking to block workers attempting to reach a Royal Dutch Shell drilling rig that could depart this week to resume fossil fuel exploration in the Arctic. Read More »

Petrobras close to suspending contract for two platforms

Reuters | June 08, 2015 | Energy | Discovery

Brazilian state-run oil company Petrobras SA is close to suspending a contract for the construction of two production platforms in Rio Grande, a coastal town in southern Brazil, the town’s mayor said on Monday. Read More »

Environmentalists sue over Shell plan to drill in Arctic

Reuters | June 02, 2015 | Energy | Discovery

Several environmental groups sued the United States on Tuesday to derail Royal Dutch Shell PLC’s plan to drill in the Arctic Ocean as soon as July. Read More »

California oil spill cited by foes of new offshore drilling plan

Reuters | May 27, 2015 | Energy | Discovery

Environmentalists urged California regulators on Wednesday to reject a proposed expansion of the only offshore drilling operation still permitted in state waters along the Santa Barbara coastline, seizing on public outrage over last week’s nearby oil spill. Read More »

Protesters gather in Seattle to block access to Shell oil rig

Reuters | May 18, 2015 | Energy | Discovery

About 200 protesters gathered at the Port of Seattle on Monday to block access to a Royal Dutch Shell drilling rig headed for the Arctic this summer to resume exploration for oil and gas reserves. Read More »

Seattle flotilla protests Shell’s Arctic drilling plans

Reuters | May 17, 2015 | Energy | Discovery | Ports & Terminals | Ports | Wet Bulk Port

Hundreds of activists in kayaks and small boats fanned out on a Seattle bay on Saturday to protest plans by Royal Dutch Shell to resume oil exploration in the Arctic and keep two of its drilling rigs stored in the city’s port. Read More »

TransAtlantic Petroleum Provides Operational Update

GlobeNewswire | April 10, 2015 | Energy | Discovery

TransAtlantic Petroleum Ltd. provided an operational update on its current drilling program. Read More »

Brazil’s Oleo e Gas, OSX in talks to halt Tubarao Azul oil output

Reuters | April 07, 2015 | Energy | Discovery

Brazil’s Oleo e Gas Participacoes SA is in talks with units of shipbuilder and ship-leaser OSX Brasil SA to halt output from its Tubarao Martelo offshore oil field, Oleo e Gas said in a securities filing on Tuesday. Read More »

Advanced drillships become burden for owners as business dries up

Reuters | March 29, 2015 | Energy | Discovery

Not so long ago, advanced drillships costing more than half a billion dollars each and capable of operating in ever-deeper waters practically guaranteed big profits for oil-rig operators. Read More »

Permian Basin crude output at 2015 high in latest week

Reuters | March 26, 2015 | Energy | Discovery

Crude output in the Permian Basin rebounded close to record levels in the latest week as the biggest U.S. onshore oilfield extends gains after cold weather disrupted production and the number of rigs fell, data showed. Read More »

Canada’s New Brunswick province bans fracking, plans study

Reuters | March 26, 2015 | Energy | Discovery

Lawmakers in New Brunswick voted on Thursday to prohibit fracking in the eastern Canadian province, committing to study the controversial method of extracting oil and gas for one year before reconsidering the ban in 2016. Read More »

Rosneft cancels rig contract with North Atlantic Drilling

Reuters | March 25, 2015 | Energy | Discovery

Russian oil firm Rosneft has cancelled a contract for a two-and-a-half year rig contract with Northern Offshore and Seadrill’s North Atlantic Drilling Ltd, the Norwegian offshore driller said. Read More »

Seadrill unit says Rosneft contract difficult to conclude as scheduled

Reuters | March 16, 2015 | Energy | Discovery

North Atlantic Drilling warned on Monday it would be difficult to conclude as scheduled a contract with Russia’s Rosneft due to weak market conditions and the challenging political environment. Read More »

BP makes second significant gas discovery in Egypt’s East Mediterranean Sea

AJOT | March 09, 2015 | Energy | Discovery

BP Egypt announced today another important gas discovery in the North Damietta Offshore Concession in the East Nile Delta. Read More »

Top oil drillers face years of pain, get a grip on cost

Reuters | February 26, 2015 | Energy | Discovery

The world’s biggest offshore drillers reported plunging earnings and orders on Thursday but managed to get a grip on costs to improve their chances of riding out a sectoral crisis that could last several more years. Read More »

Despite falling oil prices majors are still showing high interest in the shallow waters of the Gulf

AJOT | February 09, 2015 | Energy | Discovery

In 2013 the Mexican government made the announcement that it would be opening its energy sector to international investment. In 2014 the Mexican foreign Investment Law (FIL) went under significant reform and for the first time in over 70 years it became possible to enter the Mexican energy market. Read More »