The Maersk Developer drills an exploratory well into Statoil's Martin prospect, about 3,000 feet below the surface in the Gulf of Mexico. Two years ago, Statoil paid $157 million for the right to drill into a single 9-square-mile block at the site and the Norwegian company is now spending about $1.1 million a day to rent the Developer, supply the drilling rig and pay for other contractors. (Jennifer A. Dlouhy / Houston Chronicle)

Statoil makes Gulf of Mexico discovery

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Statoil and its partners have struck oil in the Gulf of Mexico, but more work is needed before the Norwegian oil company can determine the size of the discovery.
(Kristian Helgesen/Bloomberg)

Shell’s BG deal adds to North Sea job concern after oil collapse

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Shell, employing about 2,400 across the North Sea, targets $2.5 billion of pretax “synergies” a year across the globe from the deal, including staff cuts.
A Noble Energy rig off the south coast of Cyprus in the Mediterranean Sea. (AP Photo/Cyprus Press and Information Office, File)

Noble Energy cuts 220 jobs

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Noble Energy has slashed 220 jobs, the company announced Tuesday, joining a growing list of oil firms trimming their rolls as they struggle to rein in spending amid falling oil prices.
Workers prepare drilling pipe on the Petroleos Mexicanos (Pemex) La Muralla IV deep sea crude oil platform in the waters off Veracruz, Mexico, on Friday, Aug. 30, 2013. (Susana Gonzalez/Bloomberg)

Mexico’s energy regulators are hopeful the crude crash won’t spoil their first oil-rights auction

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Mexican energy regulators on Tuesday expressed confidence that low oil prices won’t suppress activity as the country auctions exploration and production rights for the first time in more than 75 years.
Kijjiketchme Southern-Fox, from Salisbury, Md., protests proposed offshore oil and gas development in Atlantic waters outside a March 9 public meeting in Annapolis, Md. Southern-Fox said he is concerned about the potential ecological damage of oil development -- "a spill is inevitable anywhere they drill; it's just a matter of time" -- but also wants to see the United States transition swiftly away from fossil fuels. "Even if they were to open up a drill in the ocean and even if it never spilled, we'd still be dealing with the carbon output," he said.

Tensions ignite on East Coast as White House weighs Atlantic drilling

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The prospect of a new generation of Atlantic drilling is stirring a heated debate up and down the East Coast.
View of the Abkatun A-Permanente platform on fire on the Gulf of Mexico's Campeche Sound on April 1, 2015. An explosion and a fire erupted on an offshore oil platform operated by Mexico's Pemex on Wednesday, killing at least four workers, injuring 16 and forcing 300 to be evacuated.    (AFP PHOTO/ STRSTR/AFP/Getty Images)

Pemex says it will meet deliveries despite massive oil platform explosion

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Four workers died including one from Mexican oil services provider Cotemar SA and 16 others were injured Wednesday after a fire on the Abkatun platform in the Gulf of Mexico.
Screen grab from a video released by Diario Campeche Hoy of the Abkatun A-Permanente platform  on the Gulf of Mexico's Campeche Sound on fire on April 1, 2015.  An explosion and a fire erupted on an offshore oil platform operated by Mexico's Pemex on Wednesday, killing at least four workers, injuring 16 and forcing 300 to be evacuated. (AFP photo/Diario Campeche Hoy)

Mexico says oil spill avoided after deadly offshore blaze

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At least four workers died and two suffered life-threatening injuries in an explosion that engulfed the platform in flames Wednesday, forcing 300 people to abandon the facility.
Transocean's ultra-deepwater drillship the Discoverer Inspiration works on an exploration well in Chevron's Moccasin Prospect in the Gulf of Mexico (Photo: Melissa Phillip/Houston Chronicle)

Transocean to scrap two more offshore rigs

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The Swiss driller said it’ll take a non-cash charge up to $110 million in the first quarter.
Screen grab from a video released by Diario Campeche Hoy of the Abkatun A-Permanente platform  on the Gulf of Mexico's Campeche Sound on fire on April 1, 2015.  An explosion and a fire erupted on an offshore oil platform operated by Mexico's Pemex on Wednesday, killing at least four workers, injuring 16 and forcing 300 to be evacuated. (AFP photo/Diario Campeche Hoy)

Pemex platform fire kills four workers, injures 16

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A fire at a shallow-water oil platform in the Gulf of Mexico has killed four workers, injured 16 and forced the evacuation of 300, Mexico’s state-owned oil company said Wednesday.
(Offshore Technology Conference)

OTC panel to talk big ideas on fifth day of programming

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Organizers described the lineup as more like South by Southwest or X-Games than an industry conference.