Category: Gulf of Mexico

Shell Midstream surges in early trading

Shell’s midstream initial public offering took flight early Wednesday, gaining more than 40 percent shortly after trading started.  More »

Hess announces plans to proceed with $6 billion Gulf project

The announcement comes at a time when many observers have questioned what sliding oil prices will mean for the future of the oil industry.  More »

Key testimony in BP oil spill ruling wasn’t excluded, DOJ says

That evidence played prominently in the judge’s finding that BP, owner of the Macondo well, was grossly negligent, a ruling that raises the stakes for the oil major  More »

Chevron, BP make oil discovery in Gulf of Mexico

Chevron and BP report an oil discovery in one of the deepest regions the industry has taken on in the Gulf of Mexico.  More »

University of Texas wins $58 million to study methane source in Gulf

The Department of Energy grant will allow UT to harvest the potential source of energy for the first time.  More »

Chevron drillship arrives deep in the Gulf of Mexico

The Pacific Sharav, built to Chevron’s specifications, will work in the Keathley Canyon under a five-year contract with Pacific Drilling, a Houston-based ultra-deepwater drilling contractor.  More »

OneSubsea gets $270 million for Pemex’s first deepwater subsea field

OneSubsea announced Monday that it won a $270 million contract to develop a subsea production system for Pemex that will serve the first deepwater subsea field developed by Pemex, Mexico’s national oil company.  More »

BP: $256 billion lawsuit against it should stay dead

BP says a recently unearthed government report has no bearing on whether a judge should retry a $256 billion lawsuit over safety compliance issues at one of its deep-water production platforms in the Gulf of Mexico.  More »

Gulf spill consortium gets new head

The organization was created in the wake of 2010′s Deepwater Horizon disaster, and counts BP, ExxonMobil, Chevron and other companies in its membership.  More »

New Louisiana law can’t stop ‘Big Oil’ lawsuit

A state judge in Baton Rouge ruled Monday that Louisiana’s Legislature missed its mark when it passed a bill seeking to halt a south Louisiana flood board’s lawsuit against dozens of oil, gas and pipeline companies over coastal damage.  More »

Exxon joins Jindal to face Dr. Mud in wetlands legal fight

Members of a New Orleans levee board are suing 90 oil and natural gas producers for billions over claims that they’re destroying coastal marshes.  More »

BHP Billiton, Pemex sign agreement to share deepwater knowledge

Australian oil and mining giant BHP Billiton and Pemex, Mexico’s national oil company, have signed a deal to share knowledge of deepwater operations, BHP Billiton announced.  More »
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