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 to lay down five more Gulf rigs

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Hercules has already cold-stacked four of the rigs this month and a fifth is scheduled to end its contract in March.
Anadarko Petroleum Corp. said it pumped its first barrels of oil Friday from its Lucius project in the Gulf of Mexico, pictured here.

Anadarko pumps first oil at Lucius field in the Gulf

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Anadarko Petroleum Corp. has harvested the first barrels of petroleum at its Lucius project in the Gulf of Mexico, one of the biggest startups expected in the U.S. offshore region this year.
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Cal Dive skips interest payment

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The Houston-based marine contractor, which provides manned diving, pipelay and other services for the oil and gas industry, said it is looking to sell non-core assets in a bid to get debt off its books.
A platform works on ConocoPhillips' Jasmine Field project in the North Sea. (ConocoPhillilps)

BP, ConocoPhillips to cut 530 jobs in the North Sea

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In separate announcements Thursday, they said they’re both targeting jobs that support the offshore oil fields between the United Kingdom and Norway that have seen operational challenges and maturing petroleum basins in recent years
(Photographer: Daniel Acker/Bloomberg)

Enbridge to build Gulf of Mexico pipeline

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Enbridge Inc. has announced it will build an offshore crude oil pipeline extending to Hess Corporation’s Stampede Gulf of Mexico project.
Caption


In this Jan. 8, 2015 photo, an environmentalist concerned about global warming wears a statement t-shirt at a public hearing in Eatontown, N.J. on a proposed offshore terminal for imports of liquefied natural gas. Liberty Natural Gas wants to build the facility off the coasts of New York and New Jersey. Business and labor groups support the plan, but environmentalists oppose it, saying it is really a plan to facilitate exports of natural gas obtained by hydraulic fracturing, a technique they oppose. (AP Photo/Wayne Parry)

Idea for gas terminal off East Coast rankles fracking foes

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Liberty Natural Gas wants to build a deep-water port in federal waters 19 miles off Jones Beach, New York, and 29 miles off Long Branch, New Jersey. Its stated purpose is to bring additional natural gas into the New York area during times of peak demand, thereby lowering home-heating prices.
Transocean's Discoverer Inspiration drills a test well for Chevron in the Gulf of Mexico St. Malo field. (Transocean)

Transocean’s $9.1 billion debt may be cut to junk status

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Junk status would increase costs if the company orders more rigs in the future.
(David Paul Morris/Bloomberg)

Chevron announces Gulf of Mexico discovery

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Chevron Corp. said it’s made a significant discover in the Gulf Of Mexico about 140 miles off the coast of Louisiana.
(ConocoPhillips)

ConocoPhillips sees first oil from Norwegian startup field

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The company is pumping new barrels of oil in Norwegian waters as oil prices have fallen by more than half since June.
(Simon Dawson/Bloomberg)

BP turns on oil flow at North Sea field

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The Kinnoull field at its peak should be able to flow 50,000 barrels of crude a day, the British oil giant said Tuesday.