The U.S. Senate Tuesday rejected an attempt to expand offshore oil and gas drilling to allow the states to generate revenue.
The Republican-backed proposal would have allowed states to drill off their coasts and share revenues with the federal government, the (Newport News, Va.) Daily Press reported.
The amendment would have amended a federal ban prohibiting offshore [...]

Major oil companies “have their backs against the wall” when it comes to getting offshore drilling contracts, according to Dahlman Rose & Co. managing director Omar Nokta.
Nokta says Brazil’s national oil company, Petrobras, has aggressively locked up a significant amount of rig capacity. As a result, dayrates have been pushed to record levels.
“We expect the [...]

Canadian Superior Energy Inc. Speaking from the dockside of the harbour in Brownsville, Texas, Canadian Superior’s Chairman, Greg Noval, said today at 7:00 AM Central Daylight Time, “We have launched the Kan Tan IV semi-submersible drilling rig on its way to Trinidad. The rig is being towed to Trinidad by Secunda International Limited of [...]

Canadian Superior Energy Inc. Speaking from the dockside of the harbour in Brownsville, Texas, Canadian Superior’s Chairman, Greg Noval, said today at 7:00 AM Central Daylight Time, “We have launched the Kan Tan IV semi-submersible drilling rig on its way to Trinidad. The rig is being towed to Trinidad by Secunda International Limited (’Secunda’) of [...]

CROSCO Integrated Drilling & Well Services Co., Ltd. is pleased to announce the recent commencement of drilling services for Gulfsands Petroleum PLC in Syria. Drilling services are being provided with CROSCO’s 2000 HP drilling rig EMSCO 602 (Emsco C-2 II). Currently CROSCO is drilling the Khurbet East exploration well KHE 1. The total drilling depth [...]

In December, when Congress moved the line on offshore drilling closer to Florida’s shores, it was touted as a major victory for Florida’s tourism-based economy because the measure preserved a significant no-drilling zone along Florida’s coastline.
But the area opened to oil and gas drilling was just a fraction of the publicly-owned waters the industry hoped [...]

National Iranian Drilling Company (NIDC) has concluded preliminary agreements with China over the purchase of eight drilling rigs from the country.
In its bid to make up for the shortages of the onshore drilling rigs, NIDC has conducted negotiations with China over the purchase of eight rigs, a report on Friday quoted the member of the [...]

Diamond Offshore Drilling, Inc. announced that it will issue a press release and host a conference call and web cast related to its first-quarter 2007 operating results on Thursday, April 26, 2007. The conference call and web cast will include a discussion by management regarding the Company’s results of operation, as well as an operating [...]

Florida Gov. Charlie Crist is urging leaders of a U.S. Senate committee to reject new legislation that could bring offshore oil and natural gas drilling up to 45 miles from Florida’s beaches.
The bill would cast aside a delicate compromise that Congress passed last year to open new Gulf of Mexico waters off Florida to drilling [...]

W&O Supply Inc. has contracted with an offshore drilling company and a petroleum ocean tanker company to be their primary provider of marine valves and related products.
The deals involve Transocean Offshore Inc.’s offshore drilling rigs and Teekay Shipping Corp.’s fleet.
Transocean builds oil and natural gas wells in deep water and harsh environments, with 28 rigs [...]