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BP CEO: oil outlook ‘lower for longer, but not lower forever’

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The oil-market crash cost BP more last year than the Deepwater Horizon disaster cost it in 2010.
A group of idle rigs is seen behind James Noe, Senior Vice President, General Counsel and Chief Compliance Officer for Hercules Offshore while aboard the Hercules 251 a shallow water drilling rig owned by on Wednesday, Aug. 11, 2010, near Port Fourchon, La. (Smiley N. Pool /Chronicle)

Industry study predicts Gulf drilling plummet from safety rule

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Announced last April by Secretary of the Interior Sally Jewel, the rule would tighten standards on blowout preventers – the device that failed in the case of Deepwater – as well as put more controls on how companies drill and monitor wells deep under the surface of the ocean.
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Drone company claims first legal Gulf of Mexico inspection flights

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There are now more than 3,000 businesses or individuals in the U.S. that have been approved to fly drones for commercial reasons.
In this March 31, 2015 photo, the wake of a supply vessel heading towards a working platform crosses over an oil sheen drifting from the site of the former Taylor Energy oil rig in the Gulf of Mexico, off the coast of Louisiana. (AP Photo/Gerald Herbert)

Taylor Energy executive blames decade-old oil leak on “act of God”

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In September 2004, waves whipped up by Hurricane Ivan triggered an underwater mudslide, which toppled a Taylor Energy-owned platform and buried a cluster of its oil wells under mounds of sediment.
The Jim Day semisubmersible rig (Photo: Noble Corp.)

Noble Drilling stacks another Gulf rig, lays off scores of workers

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This is Noble’s second stacked rig in the Gulf in less than two months.
A column of smoke comes off the West Delta 32 complex in the Gulf of Mexico after an explosion on a Black Elk platform on Nov. 16, 2012. (U.S. Coast Guard)

Trial date set for Black Elk Energy over 2012 Gulf blast

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A court filing Thursday says the jury trial in New Orleans is scheduled to start on Jan. 17, 2017, and last approximately four weeks.
(Matthew Lloyd/Bloomberg)

BP to cut 4,000 jobs in 2016 amid oil rout

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BP plans to cut another 4,000 jobs from its global oil-production operations this year, including in the United States, to cope with the ongoing downturn in crude prices.
API President Jack Gerard  (Bloomberg)

Top oil lobbyist touts U.S. energy production, emissions reductions

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The head of the oil industry’s top lobbying group says the U.S. is an emerging global energy powerhouse, and can can grow even stronger if the federal government imposes fewer regulations.
Oil wells in the Franja del Orinoco region of Venezuela (Houston Chronicle)

These are the energy stories Houston cared about in 2015

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With crude prices stuck firmly below $40 a barrel, and energy companies predicting another austere year in 2016, here’s a look back at some of the most popular stories that appeared on FuelFix.com this year.
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)

Taylor Energy to hold meeting on decade-old oil leak in Gulf

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The Jan. 20 forum in Baton Rouge was a requirement of Taylor Energy Co.’s court settlement in September with environmental groups, which accused the company of withholding information about the leak and its efforts to end it.