The Trump administration is poised to open the door to selling new offshore drilling rights from the Atlantic Ocean to the Arctic Sea, igniting a fight with coastal residents worried about oil spills befouling beaches and jeopardizing tourism dollars.Jennifer A. Dlouhy...
Many offshore wind farms have wind turbines fixed on the seafloor in shallow waters. Floating wind turbines for use in deep waters are also being developed, along with other offshore technologies, such as bigger and more efficient turbines, sturdier foundations, and advanced transmission systems, w...
but offshore lifting vessels are not capable of lifting and installing these bigger modules; you have to do it by means of a float-over, which always involves a jack-up operation.
of vessels and rigs globally have been restructuring to stay afloat as orders slumped following weaker crude oil prices in 2014. Thousands of jobs have been culled and shipyards have been shuttered as oil majors such as Shell and ExxonMobil reduced spending on drilling and othe...
The ultra-deepwater semi-sub offshore drilling rig is a sixth-generation RBS-8M design. It is column-stabilised and made to drill subsea wells for oil exploration and production. Credits: Deepwater Deepwater Nautilus can function at water depths of around 8000 feet or 2400 m. It has a dri...
The announced resources would make it the fourth-biggest gas field in the Middle East behind Qatar’s North Field and Iran’s South Pars, which are part of the same Persian Gulf deposit that make up the world’s largest offshore gas field. Abu Dhabi’s Bab field is the third largest, ...
Where:Bay of Campeche off Ciudad del Carmen, Mexico Amount Spilled:140 million gallons8 Duration:One year Like the BP Deepwater Horizon fiasco, the Ixtoc I oil spill didn't involve a tanker but rather an offshore oil well. Pemex, a state-owned Mexican petroleum company, was drilling an oi...
The Hibernia platform, situated about 196 miles east of Newfoundland, Canada, is the world's largest offshore platform and the first iceberg-resistant gravity-based structure. It operates in the North Atlantic and has a total weight of 496,040 tons. ...
the impact it has on the environment. It won a $3.22 million grant to develop an electric-powered drilling process to reduce emissions.19In April 2022, it had a market capitalization of $17.03 billion U.S. dollars ($21.75 billion Canadian).20Its dividend yield was 1.23% as of April ...
China National Offshore Oil Corporation, known as CNOOC, focuses on oil and gasexploration and productionin China's offshore waters. It has since developed into an international company with operations in 20 countries.16CNOOC earned $164.76 billion in revenue, ranking in the 42nd spot on Fortune...