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...Deep dive BP is betting big on the Gulf, 14 years after the Deepwater Horizon explosion caused the biggest offshore oil spill in US history, The Wall Street Journal reports....
...offshore project that will require a lot of investment before payback,” said Andrew Gillick, an analyst at Enverus....
...“If you look back, Petrobras went from onshore [oil] to offshore, then to deepwater. Now it can go to renewables.”...
...The expansion in activity in Namibia by both companies, which operate separate offshore projects, follows the drilling of several successful exploration wells in the past 18 months....
...They also worry about the potential damage caused by offshore drilling to Guyana pristine environment....
...Discoveries have been made offshore from neighbouring Suriname and Guyana, with US oil giant ExxonMobil already pumping crude from the latter....
...The deepwater block is in an area of the Atlantic Ocean seen as one of the next frontiers for extraction, but campaigners say the site in question is ecologically rich and fragile....
...drilling....
...She admits that she knew little about offshore drilling when filming began. “Rose has to explain the science in a way that is engaging and not a lecture, which I struggled with at first,” she says....
...The drilling programme could last until 2026 with the necessary regulatory approvals, the company said....
...During Lula’s time in office, Petrobras found vast offshore oil and gas deposits known as “pre-salt” reserves that ranked among the world’s largest discoveries in decades....
...Offshore drilling contractor Transocean and Amplify Energy, two other big holdings, have also seen stock price falls of more than 80 per cent since the turn of the year, as the spreading viral outbreak...
...Better known in the US for its petrol stations, offshore drilling and the Deepwater Horizon oil spill, BP last year pledged to begin reducing crude production, cutting emissions — including rampant flaring...
...Offshore drilling company Transocean’s seven-year bond raised last year has risen to 87 cents on the dollar from as low as 31 cents in October....
...Houston’s Diamond Offshore Drilling filed for bankruptcy on Sunday with debts of more than $2.6bn, blaming the “unprecedented” impact of an oil price war and the coronavirus pandemic....
...In the decade that began with the 2010 Deepwater Horizon drilling disaster, US offshore oil development received $154bn of investment. The figure for commercial-scale offshore wind was zero....
...Closing Quote — essential comment before you go Andrew Hill Ten years ago today, an explosion and fire ripped through Transocean’s Deepwater Horizon drilling rig, working under contract for BP in the Gulf...
...Ten years ago today, an explosion and fire ripped through Transocean’s Deepwater Horizon drilling rig, working under contract for BP in the Gulf of Mexico....
...“Of all the different items — offshore deepwater, shale gas, coal bed methane and tight gas — the biggest production [of gas] in China will come from tight gas,” said Angus Rodger, a research director at...
...The rise was driven by more US shale drilling....
...However Mr Cao stressed that renewable projects are far less risky than deepwater drilling and that “you need to do your own homework to attract a higher level of margin”....
...Although deepwater drilling contractor Seadrill was not involved in any way, the incident prompted it to look again at its own red zones....
...When oil gushed into the Gulf of Mexico from the Deepwater Horizon rig, Mr Looney was flown to Houston to help....
...Drilling rig operator Transocean has struck a cash-and-stock deal valued at $2.7bn including debt to acquire deepwater rival Ocean Rig in the latest sign that recovery in oil prices is fuelling a new round...
...Last year Transocean, the world’s largest offshore-rig operator, jettisoned six of its rigs amid bleak predictions for deepwater drilling....
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