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...“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....
...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....
...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...
...Although deepwater drilling contractor Seadrill was not involved in any way, the incident prompted it to look again at its own red zones....
...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”....
...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....
...Jeremy Thigpen, chief executive of rig operator Transocean, said last month the ultra-deepwater drilling market was “turning up”....
...The deal will create an offshore specialist with 83 rigs, drilling contracts and operations across six continents, including in the Gulf of Mexico, west Africa, the North Sea and the Middle East, with the...
...On Wednesday, offshore drilling contractor Transocean was looking to sell $550m of debt and Lamar Media sought to borrow $250m, according to the people....
...Royal Dutch Shell is doubling down on drilling for oil far beneath the oceans, as the energy group eyes a cash bonanza from traditional deepwater projects despite a growing focus on new US shale investments...
...The Trump administration’s rollback of offshore drilling rules put in place after BP’s 2010 Deepwater Horizon disaster could also prime the way for more drilling in the US outer continental shelf....
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