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Offshore oil and gas in the United States provides a large portion of the nation’s oil and gas supply. Large oil and gas reservoirs are found under the sea offshore from Louisiana, Texas, California, and Alaska. Environmental concerns have prevented or restricted offshore drilling in some areas, and the issue has been hotly debated at the ...
The latest data from Baker Hughes Inc. (NYSE: BHI) shows that drilling rig counts in North America are down by 59 from a week ago and 256 from the comparable period a year ago. In the U.S., the ...
The Deepwater Horizon oil spill began on April 20, 2010 when an explosion struck the rig, it occurred in the Gulf of Mexico on the BP-operated Macondo Prospect.Killing eleven people, it is considered the largest marine oil spill in the history of the petroleum industry and sources estimated that between 134–206 million barrels of oil was released into the gulf.
In 2012 the oil production of the US increased by 800,000 barrels per day, the highest ever recorded increase in one year since oil drilling began in 1859. [9] In April 2013, US crude production was at a more than 20-year high, aided by the shale gas and tight oil boom; with production near 7.2 million barrels per day. [10]
Oct. 11—The rig count in the Permian Basin was unchanged this week, the latest count Friday by Baker Hughes shows, with 304 rigs active in the region. A year ago, 311 rigs were active in the region.
Jul. 12—The rig count in the Permian Basin was unchanged this week, the latest count Friday by Baker Hughes shows, with 305 rigs active in the region. A year ago, 337 rigs were active in the region.
Zarubezhneft secured a shallow waster drilling rig and moved it to Cuba in late 2012. Zarubezhneft also failed to find new oil deposits, and announced in May 2013 that they were halting further drilling and releasing the rig. Cuban officials said that they expected Zarubezhneft to return to drilling in 2014. [19]
The number of rigs drilling for oil and natural gas has long served as one of the most important metrics for gauging the health of the energy industry. But recently, the usefulness of rig count ...