OffshoreDrilling

North Sea Oil Incident: Lessons from Deepwater Horizon to Prevent Catastrophe

20 days ago

A recent incident in the North Sea has raised alarms about the potential for a major environmental disaster reminiscent of the Deepwater Horizon oil spill in 2010. The offshore oil industry, already under scrutiny for its environmental impact, faces renewed challenges as it navigates the complexities of these incidents. The recent crash, prompting discussions among experts, has sparked concerns regarding safety protocols, regulatory measures, and the responsibility of oil companies in preventing another ecological catastrophe.

Trump’s Bold Move: U.S. Waters Set for Oil Drilling as Biden Policies Reversed

2 months ago

In a significant policy shift, former President Donald Trump has directed the opening of U.S. waters to oil drilling, effectively reversing key environmental regulations put in place during President Joe Biden’s administration. This decision, announced through an executive order, has stirred widespread debate over its implications for energy policy, environmental protection, and economic growth.

Biden Enforces New Restrictions on Offshore Oil Drilling in the Atlantic and Pacific Oceans

3 months ago

In a significant environmental policy shift, President Joe Biden has officially announced a ban on offshore oil drilling in the U.S. Atlantic and Pacific coasts. This decision, aimed at combating climate change and preserving biodiversity, is part of a broader strategy to transition towards cleaner energy sources and reduce the United States' dependency on fossil fuels.

Biden Moves to Restrict Offshore Oil Drilling Ahead of Trump's Return to Office

3 months ago

In a decisive move signaling a commitment to environmental protection and energy policy reform, President Joe Biden has announced plans to block additional offshore oil drilling in select regions of the United States. This decision, revealed on January 2, 2025, comes at a critical time, just days before former President Donald Trump is set to assume office for a second term, potentially reshaping the nation's energy landscape.

Transocean Explores Potential Merger with Seadrill Amid Improving Offshore Market Conditions

5 months ago

In a significant development within the offshore drilling industry, Transocean Ltd. has initiated discussions regarding a potential merger with rival Seadrill Limited. This strategic move comes at a time when the offshore drilling sector is showing signs of recovery from a prolonged downturn, suggesting a growing optimism in the market.

TotalEnergies and APA Corporation Approve $10.5 Billion Oil Production Project in Suriname

6 months ago

TotalEnergies SE and APA Corporation have just reached a major development milestone by sanctioning a $10.5 billion project to produce oil in Suriname. At the same time, the project constitutes one of the biggest investments ever sunk into the emergent oil industry of Suriname, opening completely new horizons both in economic prospects and energy production for the South American country.