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.
One of the flashpoints in the debate over offshore drilling for oil and natural gas centers on seismic surveying, an effective but controversial way to search for energy deposits.
Governor says support for drilling depends on share of fees, royalties
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.