Category: Gulf of Mexico

Coast Guard: Gulf Coast cleanup efforts ‘far from over’

The Coast Guard is crying foul at BP’s statement this week that active cleanup efforts to remove oil along the Gulf Coast shorelines have ended.  More »

Feds announce plan to auction 21 million Gulf acres

The rights to drill in 21.4 million acres of the western Gulf of Mexico will be put on the auction block this August, the Obama administration said Tuesday.  More »

Danish firm finds platform for expansion in Houston

Danish consulting firm Ramboll Oil & Gas Co. is the latest company from overseas to look to Houston as a launching pad for a broader expansion into the U.S. and offshore.  More »

Gulf well shut in after blackout

An electrical blackout at an offshore floating production facility forced it to disconnect from at least one Talos well in the Gulf of Mexico on Friday.  More »

Oil companies bid big bucks for Gulf drilling rights

Oil and gas companies pledged hundreds of millions of dollars for drilling rights in the Gulf of Mexico on Wednesday, during a high-stakes auction that demonstrated their enthusiasm for offshore development and marked BP’s return to the bidding after a suspension related to the Gulf oil spill.  More »

BP makes first bids on Gulf drilling rights since post-spill suspension

BP is bidding on new drilling rights in the Gulf of Mexico for the first time in nearly two years, after a government contract suspension forced the oil giant to sit out on three government auctions of the territory.  More »

Energy XXI chief: Massive Gulf merger will drive oil field growth (photos)

Energy XXI’s $1.5 billion deal to buy another offshore oil and gas producer is a rare breed in the energy industry, as corporate acquisitions have given way to a slew of asset transactions in recent years. CEO John Schiller says it’s a chance to capitalize on synergies that oil producers don’t typically get when offshore leases simply trade hands.  More »

Houston companies to form major Gulf oil producer in $1.5B deal

Energy XXI said Wednesday it is planning to pay $1.5 billion to buy EPL Oil & Gas, a rare corporate acquisition that would make it the largest public oil producer in the shallow waters of the Gulf of Mexico.  More »

BP to separate US onshore business as it cuts assets

BP is planning to split its U.S. onshore oil and gas business into a separate company by next year, a bid to become more competitive with smaller rivals that dominate the region’s shale reservoirs, executives said Tuesday.  More »

Study: Offshore wind turbines can weaken hurricanes (video)

Offshore wind turbines could help prevent destruction caused by hurricanes by draining the storms of their deadly winds, according to a new scientific study that highlights a previously unknown benefit of the technology.  More »

BP starts pumping crude at major deep-water Gulf project

BP said Monday it began pumping crude from a new well at one of its four major deep-water hubs in the Gulf of Mexico last week, the second major startup in U.S. offshore region this year.  More »

Feds ask judge to streamline BP trial penalty proceedings, order oil spill harmful

U.S. authorities asked a federal judge Thursday to streamline the “penalty phase” of the BP oil spill trial by ordering that the 2010 disaster caused serious harm to the environment, residents and businesses around the Gulf of Mexico.  More »
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