Deepwater Gulf of Mexico projects are more resilient to short-term price swings, a new report finds.

Gulf of Mexico drills keep spinning despite oil price plunge

The flurry of drilling may be slowing on land because of falling oil prices, but production in the Gulf of Mexico shows no signs of slowing down, a new report finds.
(AP Photo/Gerald Herbert, File)

EIA: Gulf of Mexico production to continue increasing

By 2016, the Gulf will account for about 17 percent of total U.S. crude production.

Think all Millenials are entitled? Meet these two

You know the story: “kids these days, they are SOOOO lazy. All they want to do is tweet and overshare; if they’d actually do some real work they’d get somewhere and they could stop complaining about how the world is so cruel to them!”.
A group of idle rigs is seen behind James Noe, Senior Vice President, General Counsel and Chief Compliance Officer for Hercules Offshore while aboard the Hercules 251 a shallow water drilling rig owned by on Wednesday, Aug. 11, 2010, near Port Fourchon, La. (Smiley N. Pool /Chronicle)

Hercules Offshore lays off 30 percent of workforce

Offshore driller Hercules Offshore has laid off 30 percent of its workforce since October, company officials said on a conference call with analysts Thursday.
Fire boat response crews battle the blazing remnants of the BP operated off shore oil rig, Deepwater Horizon, in the Gulf of Mexico in 2010. (AFP/Getty Images)

BP urges judges to remove head of oil spill settlement fund

It’s the oil giant’s latest legal effort to limit its losses from the nation’s worst offshore oil spill.
(Jason Alden/Bloomberg)

BP cuts jobs in Houston as it trims Gulf of Mexico business

Late last year, BP said it would incur restructuring charges of $1 billion in the fourth quarter of 2014 through the end of 2015.
A Sikorsky model 76-D helicopter hovers over a runway during a demonstration of the new Sikorsky model 76-D helicopter designed for transporting offshore oil workers at West Houston Airport Friday, Jan. 23, 2015, in Houston. Sikorsky just opened a Houston office to focus on oil & gas support. 
( James Nielsen / Houston Chronicle )

Video: Sikorsky’s new helicopter takes flight

Sikorsky doesn’t expect the drop in crude oil prices to hurt its business, even though the oil industry is a big customer.
Steven Farris, chairman and chief executive officer of Apache Corp. (F. Carter Smith/Bloomberg)

Apache taps new CFO as exiting CEO gets hefty retirement package

Apache abruptly announced longtime CEO G. Steven Farris’ retirement this week.
An undated photo of Energy XXI's unmanned oil production platform in the shallow waters of the Gulf of Mexico, which took damage early Friday.

Feds to inspect fire damage at Energy XXI oil platform

Federal regulators said Friday they will send personnel, weather permitting, to examine the damage at an oil production platform owned by Energy XXI in the shallow waters of the Gulf of Mexico, about 5 miles south of Port Fourchon, Louisiana.
A diver explores former offshore oil equipment  that has been turned into an artificial reef in the Gulf of Mexico under the states "rigs to reefs" program. (Texas Parks and Wildlife Department)

Video: Anadarko turns massive Gulf spar into marine habitat

Anadarko Petroleum Corp. has turned a 7,200-ton cell spar hull into a dark cave-like habitat for fish, sea anemones and other deep-sea creatures 200 miles off the coast of Louisiana.