Deepwater Horizon

BP, Justice Department file $20.8 billion oil spill accord with court

A New Orleans judge will have to approve the consent decree after a 60-day public comment period before BP and the federal government can officially resolve their long-running legal battles over the massive 2010 oil spill.
In this April 2010 file photo, oil can be seen in the Gulf of Mexico, more than 50 miles southeast of Venice on Louisiana's tip, as a large plume of smoke rises from fires on BP's Deepwater Horizon offshore oil rig. (AP Photo/Gerald Herbert, File)

BP settlement agreement announced in July to be filed Monday

A statement from the U.S. Justice Department has says the agreement involving the federal government, five gulf states and BP Exploration and Production will be filed Monday
(AP Photo/Patrick Semansky)

Houston investors win Mexican offshore lease

The sale was the second in a series of tenders intended to revitalize the country’s flagging energy sector by luring private investment.
This Aug, 31, 2005 file photo shows a man pushing his bicycle through flood waters near the Superdome in  New Orleans after Hurricane Katrina left much of the city under water. (AP Photo/Eric Gay, File)

Law center: Gulf Coast rig repair firm apologizes for mistreated workers in Katrina aftermath

Signal hired roughly 500 Indian welders and shipfitters after the devastating 2005 hurricane in a rush of repair work on storm-damaged oil equipment and rigs.
A Noble Energy rig off the south coast of Cyprus in the Mediterranean Sea. (AP Photo/Cyprus Press and Information Office, File)

Freeport-McMoRan finds more oil in the deep Gulf of Mexico

The Houston oil company, a unit of copper miner Freeport-McMoRan, said Monday it expects to start bringing up oil and gas from three development wells it drilled at its Horn Mountain Deep field by the first half of 2017.
Shell launched its new floating offshore production and storage vessel in the Gulf of Mexico on Sept. 9. (Royal Dutch Shell)

Shell’s first Gulf of Mexico floating production vessel gets ready to head to Stones field

Shell said the FPSO, dubbed the Turritella, will be the deepest of its kind in the world, operating in 9,500 feet of water.
Lee Tillman, of Marathon Oil Company, delivers remarks in  the Unconventional Impact Pane during the Offshore Technology Conference at NRG Park on May 5, 2014, in Houston, Tx. (Mayra Beltran/Houston Chronicle)

Marathon Oil trims jobs, $150 million from exploration spending

Marathon Oil Corp. is shedding 40 jobs, mostly in the United States, and is scaling back plans to explore for oil and gas in conventional plays, the company confirmed Thursday.
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. Down to just one full-time employee, Taylor Energy Company exists for only one reason: to fight a Gulf of Mexico oil leak that has gone largely unnoticed, despite creating miles-long slicks for more than a decade. (AP Photo/Gerald Herbert)

Settlement over decade-old Gulf oil leak filed in court

The Waterkeeper Alliance says Taylor Energy will release more information about its efforts to stop oil from leaking at the site where an offshore platform toppled during Hurricane Ivan in 2004.
(Ty Wright/Bloomberg)

Labor Day weekend brings $1.4 billion in gas pump savings nationwide

This weekend will feature the lowest gasoline prices in more than a decade with gas prices 99 cents cheaper than this time last year after a dip of 18 cents just in August, which was the greatest decrease since 2008, GasBuddy added. Average national gas prices were $2.44 a gallon Wednesday morning compared to $3.43 last year.
(AP Photo/Patrick Semansky)

2 crew members injured after pipeline ruptures in Gulf

The cause of the rupture is under investigation.