blowout preventers News

GE Oil Deal Offers New Model to Prevent BP-Like Crude Oil Spills

General Electric Co. is expanding its focus on offshore drilling rig safety with a new business that will take over handling of massive underwater equipment designed to prevent well blowouts and oil spills. Diamond Offshore Drilling Inc. has agreed to …

BP Pushes Limits to Tap Extreme Fields of Oil

BP’s strategy after the Deepwater Horizon tragedy: Go deeper. BP is leading an industry-wide push to develop technology that can retrieve oil from formations that are so deep under the sea floor, and under such high pressure and temperature, that …