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CNOOC Installs Record-Breaking Offshore Oil Platform

OilPrice

The platform was installed at the Kenli field, at a depth of some 20 meters, which has proven reserves of some 100 million tons of crude oil. CNOOC has installed the largest and heaviest offshore platform at a field in the Bohai Sea, the company said today, boasting the facility was 22.8 meters high and weighed over 20,000 tons.

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Why predictions of “peak oil” are always wrong: The mirage of “peak oil” in America

Oil & Gas 360º

America has 48 Bbbl of proven oil reserves, 4 and since 2016, Texas has accounted for 40% of that. times the proven reserves of Saudi Arabia. quadrillion cubic feet of recoverable natural gas reserves or enough supply for 130 years. Innovation mixed with the right public policy propelled U.S.

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Department of Interior Proposes New Financial Assurance and Decommissioning Regulations

The Energy Law

The Bureau of Ocean Energy Management (“BOEM”) and the Bureau of Safety and Environmental Enforcement (“BSEE”) recently issued a proposed rule on Risk Management, Financial Assurance and Loss Prevention (“Proposed Rule”), which was published in the Federal Register on October 16, 2020 and is now open for public comment. Historically, under NTL No.

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Department of Interior Proposes New Financial Assurance and Decommissioning Regulations

The Energy Law

The Bureau of Ocean Energy Management (“BOEM”) and the Bureau of Safety and Environmental Enforcement (“BSEE”) recently issued a proposed rule on Risk Management, Financial Assurance and Loss Prevention (“Proposed Rule”), which was published in the Federal Register on October 16, 2020 and is now open for public comment. Historically, under NTL No.