Today’s 40 million-acre central Gulf of Mexico lease sale facilitated by the Department of Interior drew much attention due to BP’s return to action after being banned from the past 3 government auctions. The lease sale drew considerable attention from oil majors and independents, with most of the 380 bids submitted for deep-water territory. The… Keep reading →
The US Department of Interior released today an Environmental Impact Statement regarding US East Coast offshore seismic surveys, which constitute early-stage oil & gas exploration. The east coast has been off limits to oil companies for 30 years, but a favorable EIS could presage permitting activity. A Record of Decision would be the next step… Keep reading →
Shell spent billions of dollars and significant political capital to obtain the licenses and approvals required to explore for oil and gas off the coast of Alaska. A US appeals court recently ruled the original lease sale flawed, which threw new obstacles in the company’s path toward offshore Alaskan oil and gas development. The recent… Keep reading →
Offshore oil field workers could be living in some fancy new digs by 2015, as Norwegian ship builder Salt Ship Design puts the finishing touches on a new vessel that generates its own waves, counteracting those occurring naturally at sea, to keep the vessel stable. The technology would allow workers to stay on a ship… Keep reading →
