Chevron's massive deep water offshore platform is headed to the Gulf of Mexico where it is expected to begin production this year. (Chevron)

Exxon, Chevron clear to bid on Mexican shallow-water blocks

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Mexico forecasts that the opening of the energy industry will bring in $62.5 billion in private investment by 2018 and increase its annual oil output by 500,000 barrels a day in that time.
In this March 31, 2015 photo, a supply vessel crosses an oil sheen drifting from the site of the former Taylor Energy oil rig in the Gulf of Mexico, off the coast of Louisiana. The New Orleans-based company has downplayed the leak's environmental impact, likening it to scores of minor spills and natural seeps that the Gulf routinely absorbs. (AP Photo/Gerald Herbert)

Gulf oil leak records cannot be kept secret, US judge says

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An Associated Press investigation recently revealed evidence that the leak at the site of the toppled platform is worse than Taylor or government regulators had publicly reported.
In this Sept. 16, 2004 file photo, waves crash against a sailboat lodged under a bridge in Fort Walton Beach, Fla., after Hurricane Ivan struck the gulf coast. Federal regulators believe a persistent oil spill in the Gulf of Mexico that began after a drilling platform was toppled during Hurricane Ivan in 2004 will continue for 100 years or more if left unchecked. (AP Photo/John Bazemore, File)

US says decade-old Gulf oil leak could last another century

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The federal government is warning that the leak could last another century or more if left unchecked.
A liquefied natural gas (LNG) tanker operated by Energy Advance Co., a unit of Tokyo Gas Co., is moored at the company's Sodegaura plant in Sodegaura City, Chiba Prefecture, Japan, on Thursday, March 22, 2012. (Tomohiro Ohsumi/Bloomberg)

Texas LNG export project quickly advances with new CB&I contracts

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NextDecade contracted with CB&I — both companies are headquartered in The Woodlands — to conduct the front-end engineering and design and to determine the project’s engineering, procurement and construction terms. The terms of the deal are not being released.
The Deepwater Horizon drilling rig burns in the Gulf of Mexico on April 21, 2010, the day after the blowout of BP's Macondo well. (Associate Press photo)

Drilling set to resume near site of BP’s blowout in Gulf

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A Louisiana-based oil company, LLOG Exploration Offshore, plans to drill into the Macondo reservoir.
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2 workers dead, 10 hurt in Mexico oil rig accident

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The Troll Solution rig was maneuvering to perform offshore maintenance at the time of the accident in the Bay of Campeche, Pemex said.
(AP Photo/Gerald Herbert, File)

Mexican states lose ruling over BP’s 2010 spill

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The 5th U.S. Circuit Court of Appeal upheld a 2013 district court ruling.
Categories: Gulf of Mexico
Exxon Mobil Corp. CEO Rex Tillerson speaks to 2015 IHS Energy CERAWeek. (Billy Smith II/Houston Chronicle)

Exxon profits fall 46 percent amid cheap crude

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The Irving oil giant made $4.9 billion, or $1.17 a share, in January-March period, compared to $9.1 billion, or $2.10 a share, in the same period the year before. Quarterly revenues plunged from $106.3 billion to $67.6 billion.
Robert " Bob" Dudley, chief executive officer of BP Plc (Photographer: Simon)Dawson/Bloomberg

BP cuts hundreds of jobs as profits fall by nearly $1 billion

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BP said Tuesday it lost $375 million on cancellation fees for two deep-water rigs in the Gulf of Mexico.
(Matthew Lloyd/Bloomberg)

BP says oil spill bill over $2 billion would be “severe”

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Any fine above $2 billion against BP for the Deepwater Horizon disaster would be “extraordinary and severe,” double the highest-ever U.S. water-pollution fine and potentially crippling its American oil business, BP said in court documents.