(AHIKAM SERI/AFP/Getty Images)

Noble sells some of stake in project offshore Cyprus for $165 million

The company is continuing to work with the Cypriot government to finalize development plans for Aphrodite.
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A column of smoke comes off the West Delta 32 complex in the Gulf of Mexico after an explosion on a Black Elk platform on Nov. 16, 2012. (U.S. Coast Guard)

Manslaughter charges filed in deadly 2012 platform blast

The blast killed three Filipino workers — Avelino Tajonera, Ellroy Corporal and Jerome Malagapo — and injured several others.
Map of Shell prospects in the Gulf of Mexico. (Shell)

Shell finds 100 million oil barrels in deep-water Gulf discovery

Royal Dutch Shell has drilled its longest-ever well and found 100 million barrels of oil equivalent buried at one of its recent deep-water discoveries in the Gulf of Mexico, the company said Wednesday.
A rig worker looks out across the North Sea aboard the Troll A natural gas platform, operated by Statoil ASA, in the North Sea, Norway, on Wednesday, Oct. 21, 2015. Norway is on track for record gas production this year after Statoil ASA put an end to technical issues that limited Troll's capacity. Photographer: Krister Soerboe/Bloomberg

Statoil to exit Arctic leases north of Alaska

Statoil’s announcement comes two months after Royal Dutch Shell announced it would abandon its $7 billion Arctic drilling efforts in a neighboring part of the Chukchi Sea north of Alaska, after drilling a dry hole.
(Matthew Lloyd/Bloomberg)

BP’s drilling plan offshore Australia turned back by regulator

BP is seeking to drill in the Great Australian Bight, a remote region the company has described as “pretty much the last big unexplored basin in the whole world.”
FRAMO Offshore Technology Conference at the NRG Center Monday, May 4, 2015, in Houston, Texas. ( Gary Coronado / Houston Chronicle )

Shell vessel heads to deep Gulf waters amid region’s uncertainty

The Anglo-Dutch oil major’s latest project is slated to produce a peak 50,000 barrels a day in a region estimated to hold up to 2 billion barrels a day in production.
Birds fly as pedestrians watch tug boats transport the Chevron Corp. Jack St. Malo semi-submersible drilling and production platform to the Gulf of Mexico from Kiewit Offshore Services in Ingleside, Texas, U.S., on Friday, Nov. 15, 2013. Chevron Corp. expects its $7.5 billion Jack/St. Malo platform to begin producing oil and gas in 2014, with a long-range target of 177,000 barrels per day. Photographer: Eddie Seal/Bloomberg

Commentary: Offshore well control rule will hurt, not help, offshore energy development

The oil and natural gas industry has spent the last five years following the Deepwater Horizon incident working with government and regulatory officials to improve the safety of operations offshore.
(AP Photo/Patrick Semansky)

Atwood Oceanics extends Gulf of Mexico rig contract, eyes additional work in Brazil

Atwood’s new contract for the rig is 60 percent smaller than a previous three-year contract with Noble.
Transocean's Deepwater Asgard arrived in the Gulf of Mexico in April 2015 to work under a two-year contract with Chevron. (Chevron)

Transocean will reduce fleet to meet tough market

The world’s largest offshore operator is also cutting back its workforce and consolidating most of its support functions in Houston.
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 could emerge from bankruptcy protection soon

The company has slashed costs to cope with the diminishing demand for offshore services, primarily saving money by operating a smaller fleet.