Category: Gulf of Mexico

Commentary: Offshore rules cause some uncertainty, but goal is safety

George O. Wilkinson, a Houston partner with Vinson & Elkins, explains why uncertainty is emerging as federal regulators move toward performance-based rules for oil and gas operators in the Gulf of Mexico  More »

Apache selling deep-water Gulf projects for $1.4 billion

An Apache Corp. subsidiary will sell its non-operated interest in the massive Lucius and Heidelberg deep-water Gulf of Mexico developments as part of a $1.4 billion deal with Freeport-McMoRan Copper & Gold subsidiary, according to a Thursday morning announcement from Apache.  More »

Failure marked Shell’s Gulf quest before massive discovery

A decade before Royal Dutch Shell fired up production at the largest offshore facility in the world, it drilled an expensive dry hole.  More »

Post-Macondo regulations slow even Shell’s Mars B drilling

Royal Dutch Shell executives said Tuesday new regulators that require weekly testing of the equipment that failed BP in the massive 2010 Gulf of Mexico oil spill have added as much as a month to drilling time at its massive new offshore project.  More »

Pemex seeking partners for Eagle Ford and deep-water work

The booming Eagle Ford doesn’t stop at the Texas border, but for most producers, it essentially does — at least until now. That will soon change.  More »

Gulf researchers spot deep-sea creatures living near spill site

Samatha Joye and her team of researchers came back from a nearly month-long excursion to the Gulf of Mexico with a surprising discovery: Aquatic life appears to be flourishing again at the bottom of the ocean near the site of the massive 2010 oil spill.  More »

Next offshore frontier demands breakthrough in subsea technology

Key pieces of the subsea equipment used to gather deep-water oil and gas today wouldn’t last long under the pressures and temperatures of ultra-deep reservoirs that oil companies believe are the next frontier.  More »

BP tech chief: Enhanced oil recovery key to world reserves

BP’s head of research and technology says the world will get more of its future oil by squeezing additional barrels from old reservoirs than by discovering new ones.  More »

BP exec shares details on new, autonomous US shale unit

It’s hard for BP to compete in U.S. shale because it’s a market unlike any other that Big Oil knows well. It’s trying to make gains on private equity and smaller independent producers that can move at rapid speeds, BP Americas CEO John Minge said Monday.  More »

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 »