Offshore Oil

"Offshore" refers to the discovery and development of oil and gas resources which lie underwater. Usually the term refers to ocean-based oil extraction , though the term can also apply to drilling in lakes and inland seas. The remote locations and harsh conditions of offshore oil production present different challenges than do land-based operations. Platforms and facilities must be carefully designed, assembled, and maintained to ensure safe, productive, and environmentally responsible operations.

Crew supplies , transportation, and waste disposal all rely on support vessels, and must be carefully coordinated to make the most of limited time, space, and resources. The isolation and cramped conditions of offshore facilities can cause personnel difficulties. Rig work is considered higher risk and the staff usually receive higher salary than industry workers in other fields. Technological advances in communications, such as video conferencing, have made it possible to keep more personnel onshore.

Offshore drilling presents environmental challenges, especially in extreme conditions or when operations are located close to land. Platforms are designed to function in many different situations: from shallow-water steel jackets and jackup barges; to floating semi-submersibles and deepwater drillships. There are currently more than 600 mobile offshore drilling rigs in the competitive rig fleet, including jackups, semisubs, drillships, and barges.

Tags: Offshore Oil

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U.S. Refiner Phillips 66 Enters Offshore Oil Export Race

U.S. oil refiner Phillips 66 is proposing a deepwater crude export terminal off the U.S.

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© Tayfun Pehlivan /

Turkey to Launch Second Cyprus Drill Ship

Turkey will launch a second drilling vessel on Thursday that will begin natural gas…

Further Delay in Barryroe Project Loan

Ireland's offshore Oil and gas company Providence Resources has again pushed back…

Image: Mermaid Maritime Public Company

Mermaid Gets Funds for Two Vessels

Thailand-based offshore drilling services company  Mermaid Maritime Public Company…

Image: Novatek

Novatek Pact with Chinese Duo on Arctic LNG 2

Russia's second largest natural gas producer, Novatek has signed share purchase agreements…

Image: AdobeStock / © Jose Gill

Record Number of VLCC Liftings at LOOP

Medium-sour crudes from the U.S. Gulf of Mexico are being snapped up by overseas buyers…

Image: Heerema

Aegir Installs Cutterladder in Spartacus

Aegir, a deep water construction vessel owned by Heerema Marine Contractors, has…

Image: Teekay Offshore

Teekay Offshore Arranges $550mln Refinance

London-based international law firm Watson Farley & Williams (WFW) advised Teekay…

Pic: Teekay

Teekay Gets $450mln for Shuttle Tanker Fleet

The midstream services provider to the offshore oil production industry Teekay Offshore…

(Photo: Heerema Marine Contractors)

Heerema Unveils World's Largest Offshore Crane Vessel

Dutch firm Heerema Marine Contractors and Singapore's Sembcorp Marine, on Thursday…

Pic: Teekay Offshore Partners

Brookfield Eyes TeeKay Offshore Partners

Canada-based Brookfield Business Partners has made an offer to purchase the publicly…

Oceanco acquires the Heerema Zwijndrecht construction facilities. PRNewsfoto/Oceanco

Oceanco Acquires Heerema Facility

Dutch superyacht builder Oceanco has acquired the premises of Heerema Zwijndrecht…

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