The international contractor of offshore deepwater drilling services Ocean Rig UDW has entered into a new drilling contract with Chariot Oil & Gas Limited for a one-well drilling program, for drilling ...

The deepwater drilling contractor Seadrill said that its contract backlog, as of May 23, 2019, totaled approximately $1.9 billion.The drilling services provider said it has added $130 million of ...

I’ve already asked whether President Obama’s deepwater drilling moratorium is a smart policy, given the fact that it won’t do much unless we attack oil demand at the source. But I still thought that a ...

Occidental Petroleum and Ecopetrol plan to drill Komodo-1, the world's deepest offshore oil well, off Colombia's waters, reaching a depth of 3,900 meters. Improvements in marine-seismic technology ...

The White House announced today that all new deepwater drilling will require environmental reviews. What’s that you say? You assume an activity as transparently fraught with danger and risk as ...

The Obama administration is fighting a judge’s decision in June that blocked the six-month ban on drilling in waters greater than 500 feet deep. An appellate panel in Louisiana will review the case ...

Any effort to re-open oil drilling off the California coast would be “dead on arrival,” Gov. Newsom said while attending a ...

The region is seeing a boom in fossil fuels just as the impacts of the climate crisis really bite. It’s raising thorny questions about who gets to benefit from planet-heating oil.

Noble Corp. (NYSE:NE) +2.8% in Monday's trading as CEO Robert Eifler said in a Bloomberg interview that dayrates for deepwater drillings rig could climb to $600K if demand from oil companies continues ...

The Interior Department said Monday that it will no longer allow deepwater oil-and-gas drilling projects to receive waivers from detailed environmental reviews. The agency is also imposing new limits ...

This article was originally on a blog post platform and may be missing photos, graphics or links. See About archive blog posts. President Obama will announce Thursday that he is extending a moratorium ...