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Crude price, which averaged at USD 55 a barrel between fiscals 2016 and 2021, increased to USD 86 a barrel on average since fiscal 2022. Higher crude prices have, in turn, incentivised increased capex in offshore exploration and production activities, driving up demand for offshore rigs. ....
Crude price, which averaged at USD 55 a barrel between fiscals 2016 and 2021, increased to USD 86 a barrel on average since fiscal 2022. Higher crude prices have, in turn, incentivised increased capex in offshore exploration and production activities, driving up demand for offshore rigs. ....
Disaster. same blowout preventer technology that has been singled out as having failed during the bp oil disaster and that we now know would fail again even if used as directed. no new nothing as a result of the bp oil disaster. and this permit was approved last month. with an oil spill response plan dated seven months before the largest oil spill in u.s. history. with the administration s assurance about all the rigorous new safety standards these companies are going to be following. we contacted the government. we contacted the department of the interior after we obtained this document because we thought somebody must have sent us the wrong thing. we thought we must have been sent by accident an old version of this oil response plan. they informed us that in fact we do have the most up-to-date version on hand. they also told us that in general rig operators are eligible to get new permits while they re in the process of revising any old oil spill response plans. so what exactly is th ....
west wing declaring him guilty until he proves his innocence. gibbs says they will continue to raise donor concerns through the election. shannon: wendell goler live at the whouchlts at the white house, but wendell goler says you have to check the fine print for the full story. a new day for gas exploration, interior secretary ken salazar announced new regulation that said in his words a high bar for the rig operators to meet before they resume deep water drilling in gulf of mexico. most companies are going to meet the requirements. companies that won t meet the requirement in the gulf. rig operators should demonstrate in advance they should handle a blow-out like april 20 and ensuing worst case scenario like the b.p. oil spill. new inspection requirement and independent third party review ....
Saying they raised the bar pretty high. reporter: they have but they expect deep water drilling in the gulf of mexico to resume before year s end. rig operators must demonstrate in advance they can handle a blowout like the one that kurd april that occurred in april. there will be new inspection requirements and independent third party reviews of the designs for blow out preventsers and new standards for well design and casing and cement which must be certified by a professional engineer. companies and some rigs that will come into compliance and will move forward for the permitting process and we will soon have a deep water drilling resuming in the outer shelf in the gulf. there are others that may take longer for them to come into compliance with the regulations. ....