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Tag Archives: Offshore Drilling

Second Shell Oil drilling rig on its way to Alaska

EVERETT, Wash. — Royal Dutch Shell’s second Arctic drilling ship, the Noble Discoverer, is on the move from Washington state to Alaska. KIRO-TV reports the massive oil drill rig was escorted from the harbor in Everett by two tug boats and two Coast Guard vessels. The Noble Discoverer started its move around 4 a.m. and is moving about 7 miles ...

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Chinese company acquires Northern Offshore

It’s been a big week for Bermuda-based company Northern Offshore Ltd. On the same day the company settled a contract dispute with Erin Energy Corp. of Houston, the Houston Business Journal reported the company’s acquisition by the Chinese company Shandong Offshore International Company Ltd. The acquisition, for which Shandong paid the equivalent of 96 U.S. cents per share, totaling up ...

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Sierra Club Va.: Offshore drilling pits rigs against rockets, military, wind energy

Sierra Club Virginia joined with two former military leaders Thursday to urge the Obama administration to remove Virginia from its draft plan for offshore oil and gas development, citing potential risks to military readiness, the aerospace industry and future offshore wind energy. Such opposition isn’t new, but objections intensified back in January when the Bureau of Ocean Energy Management (BOEM) ...

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Shell’s Arctic plan counters U.S. walrus protections-green groups

WASHINGTON – Green groups urged the U.S. Department of Interior on Tuesday to revoke the agency’s conditional approval of Royal Dutch Shell’s 2015 Arctic oil exploration plan, saying it runs counter to established protections for walruses. A 2013 rule implemented by the Fish and Wildlife Service, a bureau of the Interior Department, prevents energy companies from exploring for oil simultaneously ...

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After downward slide, Hercules to file for bankruptcy

Hercules Offshore has long been struggling to stay afloat, and now the company has announced that it will be filing for bankruptcy in the coming weeks. As the Houston-based company moves through the process of reorganization, it stressed that its operations will continue normally and maintained that there are no plans for layoffs at present. By filing for Chapter 11 ...

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