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Offshore Drilling News

News on Offshore Drilling continually updated from thousands of sources around the net.

6 hrs ago |

Obama's Offshore Energy Policy Could Rescue Oil And Gas Explorers

The Obama administration may think so, having shifted gears in recent weeks and removed potential barriers to more drilling off the coast of the Atlantic Ocean.


Related Topix: Alternative Energy, Renewable Energy (Green Energy), Energy, Chevron Corporation, Oil & Gas

Sun Jul 27, 2014

News Observer

The offshore oil clock is ticking

A dozen years from now, oil companies might be drilling off the East Coast, including off the coast of North Carolina.


Related Topix: Energy

Sat Jul 26, 2014

News Observer

NC should resist push for offshore drilling

Even as the Obama administration presses for action to halt climate change, it has approved a new search for fossil fuels off the Eastern Seaboard.


Related Topix: Seaboard, NC, Geology, Science, Pat McCrory, US Governors

Fri Jul 25, 2014

Washington Examiner

Interior Secretary Sally Jewell hits Capitol Hill to drum up support for conservation program

Interior Secretary Sally Jewell is making the rounds on Capitol Hill in hopes of swaying lawmakers to fully fund and permanently reauthorize a 50-year-old conservation program that expires next year.


Related Topix: US News, US Politics, Mary Landrieu, US Senate, Democrat, Susan Collins, Republican, Richard Burr

The Washington Post

Diamond's BlackRhino Takes Low Rate Amid Deep-Water Oil Rig Glut

A glut of deep-water drilling rigs is dragging down share prices and threatening revenue for operators that are being forced to accept lower day rates.


Related Topix: Diamond Offshore Drilling, Energy, Oil & Gas, Business News

Thu Jul 24, 2014

The Motley Fool

Offshore Drillers Could Have Further to Fall

Trying to understand the offshore drilling market is tough to say the least. However, Wall Street has been quiet on the matter for some time now.


Related Topix: Apparel, Raymond Ltd

Coastal Observer

Offshore drilling: Development officials visit Louisiana oil port

Director Bill Crowther and chairman Tim Tilley of the Georgetown County Alliance for Economic Development toured the port in Louisiana that handles the logistics of most oil and gas exploration in the Gulf of Mexico this month to see how the Port of Georgetown stacks up.


Related Topix: Georgetown County, SC, Georgetown, SC, US Politics, US News, Representative Tom Rice, Republican, US House of Representatives, US Senate, Lindsey Graham

The Moultrie News

Carolinas opinion mixed on offshore drilling

The Obama administration on Friday opened the Eastern Seaboard to offshore energy exploration, causing concern in the Carolinas about the effect on sea creatures and tourism but also raising the prospect of new jobs and revenue.


Related Topix: North Carolina, Pat McCrory, US Governors

The News-Star

LMOGA, higher ed to sign pact

The oil and gas industry is looking for people with highly technical skills to staff deep-water offshore drilling operations in the Gulf of Mexico.


Related Topix: Oil & Gas, Nicholls State University, State University, AR


Not Just the Atlantic: Obama Leasing Millions of Gulf Acres for Offshore Drilling

"As part of President Obama's all-of-the-above energy strategy to continue to expand safe and responsible domestic energy production, announced that the bureau will offer more than 21 million acres offshore Texas for oil and gas exploration and development in a lease sale that will include all available unleased areas in the Western ... (more)


Related Topix: U.S. Environmental Protection Agency

The Motley Fool

Diamond Offshore Drilling, Inc. Navigates Through a Tough Quarter to Beat Estimates

The offshore driller reported revenue of $692 million and net income of $90 million, or $0.65 per share.


Related Topix: Energy, Oil & Gas, Diamond Offshore Drilling

Seeking Alpha

Seadrill: Is This 10%-Yielder A Good Investment?

Seadrill's earnings are expected to grow rapidly in the next five years, and this should allow it to sustain the dividend.


Wed Jul 23, 2014

Christian Science Monitor

Democrats at odds over Big Oil's bid for East Coast drilling

Sen. Mary Landrieu of Louisiana is an advocate for expanded offshore oil and gas drilling in the US.


Related Topix: US Politics, Mary Landrieu, US News, US Senate, Democrat, Robert Menendez, US House of Representatives, Sheldon Whitehouse

Should the government open more offshore areas to oil and gas drilling?

This June 2011 file photo shows a drilling rig known as the Maersk Developer in the Gulf of Mexico about 250 miles off the coast of Louisiana in about 7,000 feet of water.


Tue Jul 22, 2014

The Mountaineer Publishing Company

Huge issue ahead for North Carolina,

Decades from now, when school children in North Carolina look back on 2014, they might hear about the massive coal ash spill into the Dan River and subsequent legislation requiring cleanup of Duke Energy coal ash ponds.


Related Topix: North Carolina, Pat McCrory, US Governors, US Politics, US News, Barack Obama, Seaboard, NC, Tar Heel, NC

The Hill

Landrieu pushes new revenue model for offshore drilling

Sen. Mary Landrieu used a Tuesday hearing to advocate for legislation that would remove the cap that Gulf Coast states have on the revenue they can receive from offshore drilling royalties and fees.


Related Topix: US Senate, US Politics, Mary Landrieu, Democrat, US News


Transocean spinoff launches IPO

Oil services company Transocean said Tuesday a spinoff started its initial public offering, trading on the New York Stock Exchange under ticker symbol RIGP.



"Deafening" Sonic Cannons to be Used in New Oil Exploration Off U.S. East Coast

New offshore oil and gas exploration activities are set to start along the U.S. east coast after a three-decade hiatus, but a recent Bureau of Ocean Energy Management decision means that companies will be allowed to use sonic cannons as they map the ocean floor.


Mon Jul 21, 2014

Grist Magazine

It's time for Obama to stop selling off our land and water to fossil fuel companies

In its ongoing effort to make life difficult for environment reporters, the Obama administration once again announced major environmental news on a Friday.


Related Topix: Environment, Science, US News, US Politics, US Senate, Sheldon Whitehouse, Democrat

Seeking Alpha

Outlook For Seadrill And Offshore Drillers Slammed By Raymond James

This afternoon, Barron's reported that Raymond James, in an article titled, " Offshore Drillers: No, It's Still Not Time To Buy ", indicated the offshore drilling industry is "in the early innings of a cyclical downturn in utilization and day-rates".


Related Topix: Apparel, Raymond Ltd, Transocean, Oil & Gas