Category: Gulf of Mexico

BHP Billiton, Pemex sign agreement to share deepwater knowledge

Australian oil and mining giant BHP Billiton and Pemex, Mexico’s national oil company, have signed a deal to share knowledge of deepwater operations, BHP Billiton announced.  More »

Black Elk execs depart, start new firm

The man who founded and led Black Elk Energy, a Houston firm battered by a fatal 2012 explosion at one of its Gulf of Mexico production platforms, left the company a few weeks ago to try his hand at pumping oil on dry land.  More »

Mexican cartels steal billions from oil industry

Figures released by PeMex last week show the gangs are becoming more prolific and sophisticated; this year, illegal taps are up more than one-third from the same time in 2013.  More »

BP won’t get restitution for spill settlement payments, U.S. Judge Barbier says

The judge said Wednesday that hundreds of millions in settlement payments over the spill will not go back to BP, despite the court’s recalculation of how much some businesses should receive.  More »

Agency can look at rig owner’s role in oil spill

A federal appeals court in New Orleans has upheld a federal safety board’s right to investigate the role of Transocean Deepwater Drilling Corp. in the 2010 Gulf of Mexico oil disaster.  More »

BP asks Texas Supreme Court for ruling that would cut spill costs

The legal question of the day, submitted by the 5th Circuit Court of Appeals to the justices in Texas, could change the way companies finance risky business operations well beyond the oil industry.  More »

McDermott completes its work on Chevron’s Jack and St. Malo offshore projects

Engineering and construction firm McDermott International announced Monday that it’s completed its portion of work on Chevron’s Jack and St. Malo project in the Gulf of Mexico.  More »

Botched safety test, extra drilling key to “reckless” BP ruling

A federal judge’s ruling that BP was reckless in the lead up to the Gulf of Mexico oil spill hinged on the company’s decisions to drill deeper than was deemed safe and skip or misread well integrity tests, among other factors “motivated by profit.”  More »

Punitive damages question lingers in BP oil spill case

The question of whether BP can be charged for punitive damages for its role in the 2010 Gulf of Mexico oil spill could compel the Supreme Court to take up the matter, legal experts say.  More »

Judge rules BP was grossly negligent in oil spill

A federal judge on Thursday ruled that BP’s oil spill in the Gulf of Mexico four years ago was the result of gross negligence or willful misconduct by the London oil company.  More »

Commentary: Mexico enters shale play

While the energy world has been focused on Canadian shale over the past few years, Mexico has been quietly emerging as a major player in the crude oil and natural gas industry. With the recent passage of massive energy reforms in Mexico, billions of barrels of oil and trillions of cubic feet of natural gas […]  More »

Plaintiffs likely to appeal ruling in BP Atlantis case, lawyer says

An attorney for plaintiffs who sued BP for $256 billion said Thursday he expects to appeal a federal judge’s decision to throw out a lawsuit over alleged safety compliance issues at one of BP’s deep-water production platforms.  More »
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