US President Donald Trump, recently inked an order to extend a ban until 2032 on offshore oil drilling in the eastern Gulf of Mexico off Florida, in an effort to earn support in the state ahead of the Nov. 3 election.
Maersk Drilling has entered an agreement to invest USD 1 million in the California-based company Clean Energy Systems to help develop a new technology called Carbon-Negative Energy, aiming to pave the way for carbon-neutral drilling.
The worldwide offshore rig count for April 2020 was 247, down by 19 from 266 in March 2020 and by 28 from the 275 in April 2019, according to data by Baker Hughes company.
Amid COVID-19 crisis and the negative impacts that has brought, Diamond Offshore Drilling Inc. filed for bankruptcy following the unprecedented crash in crude prices that’s affecting demand for oil exploration at sea, as Bloomberg reported.
Amid COVID-19 crisis and the negative impacts that has brought, Diamond Offshore Drilling Inc. filed for bankruptcy following the unprecedented crash in crude prices that’s affecting demand for oil exploration at sea, as Bloomberg reported.
Amid COVID-19 crisis and the negative impacts that has brought, Diamond Offshore Drilling Inc. filed for bankruptcy following the unprecedented crash in crude prices that’s affecting demand for oil exploration at sea, as Bloomberg reported.
Norwegian oil and gas company Equinor has informed the Australian authorities of its decision to discontinue its exploration drilling plan (Stromlo-1) in the Ceduna sub-basin, offshore South Australia, after identifying the project’s potential as not commercially competitive.
Following its two sustainability commitments in 2017, New York-based bank JPMorgan Chase announced additional steps to address climate change and further promote sustainable development. Among others, the bank committed to stop financing coal-fired power plants or oil and gas exploration projects in the Arctic.
Reuters reports that Norway may restrict oil firms’ access to offshore resources in the Arctic by moving the so-called ice edge, a line that sets a legal limit on the extent to which companies can go north in search of oil.
According to the weekly rig count for the U.S. and Canadian drilling activity issued by Baker Hughes on Friday, January 24, the amount of offshore rigs in the U.S increased by one unit in comparison to the previous week.
