The Noble Clyde Boudreaux, an ultra-deepwater semisubmersible, is one of several such rigs to depart the Gulf as oil companies wait for regulators to approve new drilling permits after the BP spill.
For all the talk of things returning to normal in the Gulf of Mexico, this isn’t what anyone – except perhaps the folks at BP – had in mind, Loren Steffy writes. The company owns 46.5 percent of the well that earned the first deep-water drilling permit since the Macondo disaster, giving it a green light to resume drilling in the waters it fouled. More »
Company leaders responsible for operations in the Gulf of Mexico during last year’s oil spill, including former CEO Tony Hayward and former E&P head Andy Inglis, won’t see extra cash, BP decided. New CEO Bob Dudley also chose to forgo his 2010 bonus. More »
A federal magistrate judge wants Brian Morel’s attorney and lead attorneys for plaintiffs suing BP to file arguments on whether the materials should be disclosed.
Interior Secretary Ken Salazar said today that offshore regulators need $358 million to be able to process permits at pre-Macondo speed. That sets up a fight with oil industry leaders who want permits quickly, but who also oppose new fees to pay for the regulatory changes. More »
The Obama administration will comply with a federal judge’s ruling that it decide by mid-March whether to approve five deep-water drilling permits. But the Interior Department still plans to appeal the order, which it says chips away at its authority. More »
in the last two weeks more than 8,100 people and businesses have been offered final payments from BP’s oil spill compensation fund, but Gulf Coast Claims Facility data show that only about 2.5 percent have accepted. Claimants have 90 days to accept or reject a final offer from the $20 billion fund. More »
U.S. District Judge Martin Feldman ruled earlier last month that the Interior Department must act within 30 days on five pending permit applications. Now Feldman says his ruling also applies to two applications submitted by ATP Oil & Gas Corp. More »
As Loren Steffy notes, the approval Monday of the first deep-water project since the Macondo disaster is a milestone, not a finish line. It’s taken almost 11 months to approve a project that had already been approved before. How long it will take to approve a new endeavor, or “green field” project, in the Gulf remains an open question. More »
Rig owner Transocean says many plaintiffs’ claims should be dismissed because they allegedly failed to follow the terms of the Oil Pollution Act of 1990 and filed suit before properly presenting their claims to BP. More »
Offshore drilling advocates in Congress and the industry aren’t exactly uncorking the champagne in response to the government’s decision to let deep-water drilling resume on a project halted by last year’s moratorium. More »
The vice chairman of a task force set up by President Obama to restore the Gulf Coast criticized the oil giant for what he described as an increasing reluctance to repair damage done by last year’s massive oil spill. More »