Category: Gulf of Mexico

Court upholds 2012 oil spill settlement

A federal appeals court has upheld a judge’s approval of a multibillion-dollar settlement between BP PLC and lawyers for Gulf Coast businesses and residents who claim the company’s 2010 Gulf of Mexico oil spill cost them money.  More »

Houston firm expands Gulf of Mexico holdings with $750M deal

Houston-based Fieldwood Energy plans to pay $750 million for 150 blocks in the shallow waters of the Gulf of Mexico.  More »

BP takes latest arguments over spill payments to appeals court

BP is again asking a New Orleans appeals court to intervene after a federal judge denied its latest attempt to block some payments in its multibillion-dollar oil spill settlement.  More »

A reader asks: “How can you make an oil & gas internship turn into an oil & gas job?”

Even in oil & gas, where the market is good for job seekers, internships are crucial for getting your foot in the door. While they present a great opportunity for interns to build their skill set, they provide an equally good chance for companies to perform an “extended interview” and evaluate things like work ethic, dependability, and “fit” with the company culture. Today, a budding oil & gas professional from Rice University wants to know how they can ace this interview and secure their place in the industry!  More »

Judge rules against BP’s efforts to stem payments

A federal judge on Tuesday denied BP’s months-long efforts to stem settlement payments to oil spill claimants it says were not harmed by the 2010 Gulf of Mexico disaster.  More »

Budget deal opens door to drilling in new Gulf waters

Legislation that opens the door to oil and gas drilling in international Gulf waters has cleared Congress, just in time for Mexico’s energy reforms and a Jan. 17 deadline for the U.S. to sign off on the work.  More »

BP, ConocoPhillips announce Gulf of Mexico oil discovery

BP and ConocoPhillips announced a sizable oil discovery at the jointly-owned Gila prospect in the Gulf of Mexico, the two companies announced Wednesday.  More »

Budget deal gives boost to US-Mexico Gulf treaty

Legislation to enact a long-stalled international treaty governing oil drilling along the U.S.-Mexico border in the Gulf is wedged into a new congressional budget deal, boosting the odds Congress will implement the pact before a Jan. 17 deadline.  More »

BP investors can’t sue as group over losses, judge says

BP ’s U.S. investors can’t pursue as a group claims that the company inflated its shares with misleading statements before and after the Gulf of Mexico oil spill, a judge ruled, citing a recent Supreme Court decision.  More »

BP pushes technical limits to tap extreme fields

BP is leading an industry-wide push to develop technology that can retrieve oil from formations that are so deep under the sea floor, and under such high pressure and temperature, that conventional equipment would melt or be crushed by the conditions.  More »

Energy lawyers list industry’s hot topics for 2014

The prospect of U.S. oil exports and an increase in coal-related bankruptcies are likely to be major topics of conversation in energy circles next year, according to a discussion with lawyers from a leading firm serving the industry.  More »

Noble Energy reports deep-water finds in Gulf, Mediterranean

Noble Energy announced a crude oil find in the Gulf of Mexico and a natural gas discovery offshore in Israel.  More »