Category: Gulf of Mexico

Recent accidents highlight shallow water dangers, departing regulator says

Recent accidents at offshore oil and gas facilities highlight the risks of producing energy on the shallow continental shelf as well as the Gulf of Mexico’s deepest frontiers, said a departing U.S. regulator James Watson.  More »

Feds net $102.4 million in Gulf lease sale

Dozens of companies submitted $144.6 million in bids to drill in the Gulf of Mexico during a government auction Wednesday, guided by fresh seismic research offering new hints about oil and gas that could lurk underground. BP skipped out on the sale because it is suspended from new government contracts.  More »

Western Gulf lease sale draws tepid interest

The federal government will open bids from a dozen companies seeking new drilling leases in the western Gulf of Mexico on Wednesday. But none of them will be from BP, which is suspended from new government contracts in connection with the 2010 Deepwater Horizon disaster.  More »

Embassy of the Philippines vows to protect claims of workers hurt in Gulf blast

Officials from the Philippines vowed to protect the rights and claims of workers from the country who were injured and killed in last year’s fatal Gulf platform blast.  More »

Black Elk-funded investigation blames contractors for fatal platform explosion

The fatal explosion of a Gulf of Mexico production platform last November was sparked by contractors conducting maintenance work at the site, according to an investigation commissioned by the Houston-based company that owned the facility.  More »

Feds push stricter rules for offshore production systems

The Obama administration on Wednesday proposed a rule to tighten standards for oil and gas production systems used offshore, in a bid to keep pace with the industry’s march into deeper waters and more challenging terrain.  More »

Anadarko pushes boundaries with newest deep-water platform (video)

Anadarko’s Lucius truss spar project would have seemed unreasonable a decade ago. It’s the culmination of a multibillion-dollar effort to pump up to 80,000 barrels of oil per day from a set of Gulf wells under about 7,100 feet of water.  More »

Foreign payments fight could jeopardize US-Mexico drilling pact

The oil industry is jeopardizing efforts to open drilling in international Gulf of Mexico waters by aggressively opposing a federal mandate to disclose foreign payments, according to a former State Department official.  More »

Black Elk Energy: Fatal fire hit finances, production

Houston-based Black Elk Energy said Thursday it was still dealing with economic fallout from last year’s fatal explosion at one of its Gulf of Mexico production platforms, even as federal investigators continue to probe the company’s overall safety.  More »

Bond market underwhelmed by Mexico reform plan

President Enrique Pena Nieto’s plan to loosen Mexico’s 75-year-old oil monopoly is underwhelming the bond market after he unveiled fewer incentives for private drilling companies than his political rivals advocated.  More »

Deadline set for responses to BP fraud allegations

A federal judge has set an Aug. 26 deadline for court-supervised claims administrator Patrick Juneau to respond to BP’s allegations that it has uncovered new allegations of fraud and conflicts of interest inside a settlement program that has awarded billions of dollars to Gulf Coast businesses and residents.  More »

Commentary: A tough month of July provides plenty of opportunities for reflection

It’s definitely been a rough couple of weeks for everyone in the oil & gas industry. On almost exactly the same day, a blowout lead to the total destruction of a jackup rig in the Gulf of Mexico, and Halliburton admitted to destroying after the Macondo incident cementing-related data. Add to that the death of George Mitchell, and you have one pretty sad month of July, one that I definitely would like to put behind me.  More »