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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 arrival of Shell's new Arctic drilling vessel, Polar Pioneer (IMO number: 8754140), a semi-submersible offshore drilling rig, was greeted by large numbers of environmental protesters paddling kayaks in Elliott Bay.
In 1990 the oil drilling company proposed selling its entire fleet of offshore drilling rigs to focus solely on fishing. The company had not had a profitable quarter in more than five years. In 1990, Zapata Offshore sold 12 of its drilling rigs to Arethusa Offshore, which a few years later merged with Diamond Offshore. Still struggling with ...
In the high stakes of gas and oil, Shell has taken another step in its attempt to cement its offshore expertise, sending a rig to drill exploratory wells off the northern coast of Alaska. This ...
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]
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 ...
ExxonMobil (XOM) and Shell (SHEL) are also seeking to divest their stakes in the British southern North Sea gas hub, consisting of the Clipper Leman Alpha hubs and the Bacton terminal in eastern ...
The Louisiana Offshore Oil Port (LOOP) is a deepwater port in the Gulf of Mexico 29 kilometers (18 nautical miles) [1] off the coast of Louisiana near the town of Port Fourchon. LOOP provides tanker offloading and temporary storage services for crude oil transported on some of the largest tankers in the world.