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The first federal lease sale offshore Florida was in 1959. In the 1980s the state of Florida objected to further federal lease sales in offshore Florida, and the last one was held in 1985. Because of state objections, the federal government agreed to pay $200 million to nine oil companies to buy back leases south of 26 degrees north latitude. [28]
The possible offshore lease sale became an issue in the 2009 race for governor of Virginia. [43] The winner, Bob McDonnell, urged during his tenure that the sale take place. [44] In May 2010, President Obama announced his decision to cancel the offshore Virginia lease sale, in response to the Deepwater Horizon oil spill in the Gulf of Mexico. [45]
The OCS P-0130 well drilled offshore Oregon by Union Oil in 1966 was described as having "potential for commercial gas production", [17] but none of the wells were completed as producers, and the federal leases expired in 1969. [18] [19] Farther north, in Canadian waters, Shell Canada drilled 14 wells offshore from Vancouver Island from 1967 ...
Offshore drilling rig, c. 1968. The first semi-submersible resulted from an unexpected observation in 1961. [12] Blue Water Drilling Company owned and operated the four-column submersible Blue Water Rig No.1 in the Gulf of Mexico for Shell Oil Company. As the pontoons were not sufficiently buoyant to support the weight of the rig and its ...
Hercules Offshore is soon to be roughly $45 million richer thanks to an asset sell-off. The company has inked a deal to sell 11 of its inland barge rigs plus related assets. In the press release ...
Nabors Industries Limited is an American global oil and gas drilling contractor that has operated since 1972. Based in Houston, Texas, Nabors operates the world’s largest land drilling rig fleet, with around 500 rigs operating in over 25 countries – in almost every significant O&G basin on the planet.
Operated by Shell, with JV partners Chevron (37.5%) and BP (27.5%), the spar acts as a hub for and enables development of three fields Great White, Tobago, and Silvertip. The oil and gas fields beneath the platform lie in a geological formation holding resources estimated at 3–15 billion barrels of oil equivalent according to a report by the BSEE, formerly known as the MMS.
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