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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.
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 ...
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]
After six years of back-and-forth with the U.S. government, Royal Dutch Shell PLC (NYSE: RDS-A) (NYSE: RDS-B) yesterday began drilling a well offshore of Alaska in the Chukchi Sea, and the company ...
Oil companies offered $382 million for drilling rights in the Gulf of Mexico on Wednesday after courts rejected the Biden administration's plans to scale back the sale to protect an endangered ...
The Shell Martinez Refinery in Martinez, California, the first Shell refinery in the United States, supplied Shell and Texaco stations in the West and Midwest [12] until its sale to PBF Energy in 2020. [13] Shell fuel previously included the RU2000 and SU2000 lines (later there was a SU2000E) but they have been superseded by the V-Power line. [14]
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]
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.