Category: Gulf of Mexico

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 »

Ex-BP engineer who deleted texts heads to trial

Nearly a year after energy giant BP cut a deal to a resolve a criminal investigation of its role in the nation’s worst offshore oil spill, a jury is set to hear the Justice Department’s case against a former company employee accused of trying to stymie the federal investigation.  More »

BP builds its largest-ever Gulf of Mexico fleet (photos)

Three years after the Deepwater Horizon disaster, BP has built up its largest fleet ever in the Gulf of Mexico, adding two new drilling rigs to its U.S. offshore operations, the company said Tuesday.  More »

BP releases Gulf of Mexico environmental data

BP on Monday released water chemistry and oil data it uses in its efforts to clean up the Gulf of Mexico, and plans to publish information on everything from aquatic life and birds to shorelines and  More »

Transocean profits on increased drilling contracts

Rig operator Transocean earned $546 million during the third quarter.  More »

BP launches website to “set the record straight” on the Gulf

British oil giant BP has set up a website to “set the record straight” about the economic and environmental recovery in 2010 the Gulf of Mexico oil spill.  More »