The 4,600HP, modular, extended tension-leg platform is the industry's largest and will operate in the Bigfoot oil and gas field, 225 miles south of New Orleans at a depth of 5,200 feet.
Fracking doesn't appear to be allowing methane to seriously contaminate drinking water in Pennsylvania, a new study finds - contrary to some earlier, much publicized research that suggested a stronger link.
Onshore production of natural gas in federal areas fell 21.6 percent. The reason is federal policy. In contrast, state and private lands production increased 57.4 percent.
The energy industry - oil & gas sector in particular - is bracing itself for a massive wave of retirements... companies are looking to the next generation of candidates with skills ranging from finance, geology, engineering, law, etc.
A growing consensus is emerging from the likes of BP Plc, the International Energy Agency, shale wildcatters and even the Saudis that a near-term recovery to $100-a-barrel crude isn't in the cards. Instead, expect a range of $50 to $60 for at least the next few years.
Seven governors from coastal states recently agreed to seek consolidated federal legislation establishing a multi-state plan for sharing revenue from federal offshore energy development.
Defying the Republican-run Congress, President Barack Obama rejected a bill Tuesday to approve construction of the Keystone XL oil pipeline, wielding his veto power for only the third time in his presidency.
Three energy advocacy groups are condemning a decision to omit Florida from a proposed federal plan to conduct offshore oil and natural gas exploration in areas known to contain energy resources.
Florida energy advocacy groups gathered in Jacksonville to discuss the absence of Florida from a proposed federal plan to conduct offshore oil and gas natural gas exploration starting in 2017.
Last year, the United States far outpaced every other country in the world in boosting oil production.
