Category: Gulf of Mexico

US deals rise as Big Oil sheds assets

First-quarter oil and gas deal-making in the U.S. reached its highest level in more than a decade, as Big Oil companies discarded assets to focus on their core operations.  More »

Justice Dept.: Shielding Transocean docs could threaten Gulf spill report

A U.S. attorney on Monday urged a federal appeals court to reject Transocean’s challenge to subpoenas for documents linked to the 2010 Gulf of Mexico oil spill, arguing they are pivotal for a regulatory report on the disaster due in June.  More »

Inside Noble Corp.’s new high-tech training center (photos)

As offshore drilling contractor Noble Corp. focuses increasingly on the most high-tech rigs, training has become even more critical to the way it does business.  More »

Navy develops fuel from seawater (video)

Navy researchers say they have turned seawater into fuel that could power military vehicles for less than $6 per gallon.  More »

Judge sets date for final chapter of BP oil spill trial

A federal court on Monday laid out a detailed schedule for the penalty phase of BP’s civil trial over the 2010 Gulf of Mexico oil spill, setting the first day of the key chapter in the trial for Jan. 20, 2015.  More »

Coast Guard: Gulf Coast cleanup efforts ‘far from over’

The Coast Guard is crying foul at BP’s statement this week that active cleanup efforts to remove oil along the Gulf Coast shorelines have ended.  More »

Feds announce plan to auction 21 million Gulf acres

The rights to drill in 21.4 million acres of the western Gulf of Mexico will be put on the auction block this August, the Obama administration said Tuesday.  More »

Danish firm finds platform for expansion in Houston

Danish consulting firm Ramboll Oil & Gas Co. is the latest company from overseas to look to Houston as a launching pad for a broader expansion into the U.S. and offshore.  More »

Gulf well shut in after blackout

An electrical blackout at an offshore floating production facility forced it to disconnect from at least one Talos well in the Gulf of Mexico on Friday.  More »

Oil companies bid big bucks for Gulf drilling rights

Oil and gas companies pledged hundreds of millions of dollars for drilling rights in the Gulf of Mexico on Wednesday, during a high-stakes auction that demonstrated their enthusiasm for offshore development and marked BP’s return to the bidding after a suspension related to the Gulf oil spill.  More »

BP makes first bids on Gulf drilling rights since post-spill suspension

BP is bidding on new drilling rights in the Gulf of Mexico for the first time in nearly two years, after a government contract suspension forced the oil giant to sit out on three government auctions of the territory.  More »

Energy XXI chief: Massive Gulf merger will drive oil field growth (photos)

Energy XXI’s $1.5 billion deal to buy another offshore oil and gas producer is a rare breed in the energy industry, as corporate acquisitions have given way to a slew of asset transactions in recent years. CEO John Schiller says it’s a chance to capitalize on synergies that oil producers don’t typically get when offshore leases simply trade hands.  More »