Category: Gulf of Mexico

Video: Ocean researchers show what BP spill site looks like five years later

Five years after the Deepwater Horizon oil rig sank into the Gulf of Mexico, scientists with an ocean research and exploration group released video of what the underwater site of one of the worst oil spills in history looks like today.  More »

CERAWeek: BP CEO says don’t expect wave of energy mergers yet

BP CEO Bob Dudley says he doubts there will be a surge of corporate consolidation in the energy industry – effectively a repeat of the mega deals in late-1990s bust that created mammoth oil firms – unless oil prices stay low for long.  More »

Pemex still searching for missing workers

Mexico’s state-run oil company continues to search for three missing workers from a platform fireball that killed four others, while beginning to restore production at the damaged Gulf of Mexico facility, officials said Sunday  More »

Mexico says oil spill avoided after deadly offshore blaze

At least four workers died and two suffered life-threatening injuries in an explosion that engulfed the platform in flames Wednesday, forcing 300 people to abandon the facility.  More »

Exxon Mobil starts production at its new deepwater project in the Gulf

Total production of the project is expected to reach about 300 million cubic feet of gas and 3,000 barrels of liquids per day from two wells.  More »

BP says paying a fraction of oil spill bill could put its U.S. unit in trouble

Fines for the 2010 Deepwater Horizon disaster could reach as high as $13.7 billion against BP.  More »

Gulf of Mexico drills keep spinning despite oil price plunge

The flurry of drilling may be slowing on land because of falling oil prices, but production in the Gulf of Mexico shows no signs of slowing down, a new report finds.  More »

EIA: Gulf of Mexico production to continue increasing

By 2016, the Gulf will account for about 17 percent of total U.S. crude production.  More »

Think all Millenials are entitled? Meet these two

You know the story: “kids these days, they are SOOOO lazy. All they want to do is tweet and overshare; if they’d actually do some real work they’d get somewhere and they could stop complaining about how the world is so cruel to them!”.  More »

Hercules Offshore lays off 30 percent of workforce

Offshore driller Hercules Offshore has laid off 30 percent of its workforce since October, company officials said on a conference call with analysts Thursday.  More »

BP urges judges to remove head of oil spill settlement fund

It’s the oil giant’s latest legal effort to limit its losses from the nation’s worst offshore oil spill.  More »

BP cuts jobs in Houston as it trims Gulf of Mexico business

Late last year, BP said it would incur restructuring charges of $1 billion in the fourth quarter of 2014 through the end of 2015.  More »

Video: Sikorsky’s new helicopter takes flight

Sikorsky doesn’t expect the drop in crude oil prices to hurt its business, even though the oil industry is a big customer.  More »

Apache taps new CFO as exiting CEO gets hefty retirement package

Apache abruptly announced longtime CEO G. Steven Farris’ retirement this week.  More »

Feds to inspect fire damage at Energy XXI oil platform

Federal regulators said Friday they will send personnel, weather permitting, to examine the damage at an oil production platform owned by Energy XXI in the shallow waters of the Gulf of Mexico, about 5 miles south of Port Fourchon, Louisiana.  More »
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