article thumbnail

Devil’s in the details: Why BP’s debt may deter a buyer

Oil & Gas 360º

Finally, BP is still paying for the 2010 Macondo disaster, when a blowout at an offshore platform in the Gulf of Mexico caused one of the world’s worst oil spills. Unlike Shell, which includes $28.5 billion of such liabilities in its $41.5 billion net debt, BP excludes them.

Blowout 130
article thumbnail

A Guide to Enhanced Oil Recovery (EOR)

Drillers

The three stages of oil recovery The hydrocarbon resources associated with gushers of the Texas oil boom would now be called primary oil recovery. The gushing itself would now be called a blowout and drillers nowadays have blowout preventers to stop the oil from springing up in a fountain.

Oil 52
article thumbnail

Drilling Rig Systems

Rig Skills

Power System Rotary drilling rig power system is of prime importance as it will provide power to all other systems of rotary drilling rig, like hoisting system, rotary system, circulation system, BOP system and Monitoring system Watch following video to learn more about Drilling rig Power System.