Category: Gulf of Mexico

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 »

Video: Anadarko turns massive Gulf spar into marine habitat

Anadarko Petroleum Corp. has turned a 7,200-ton cell spar hull into a dark cave-like habitat for fish, sea anemones and other deep-sea creatures 200 miles off the coast of Louisiana.  More »

U.S. witness: Spill response removed far less crude than BP expert estimates

A retired Coast Guard official testified Wednesday the massive oil spill response BP managed out of Houston in 2010 fell short of typical efforts to remove crude from the ocean.  More »

BP trial: Oil spill caused massive ecological damage, marine scientist says

U.S. prosecutors are arguing that BP should have to pay all of the $13.7 billion in Clean Water Act fines for the disaster, which killed 11 workers and spilled millions of barrels of oil into the Gulf.  More »

Anadarko oil spill fines cut by $1.1 billion after ruling

The Woodlands-based oil company had owned 25 percent of the doomed Macondo well and is on the hook for up to $1,100 in fines for every barrel that reached the Gulf of Mexico in 2010.  More »

Obama administration sued over Gulf of Mexico fracking info

The lawsuit says the Bureau of Ocean Energy Management has refused to comply with the group’s federal public records request.  More »

Chevron announces Gulf of Mexico discovery

Chevron Corp. said it’s made a significant discover in the Gulf Of Mexico about 140 miles off the coast of Louisiana.  More »
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