(Simon Dawson/Bloomberg)

BP turns on oil flow at North Sea field

on
The Kinnoull field at its peak should be able to flow 50,000 barrels of crude a day, the British oil giant said Tuesday.
(Dado Galdieri/Bloomberg)

Regulations would expand coastal California sanctuaries

on
The designation would bar oil and gas production off Northern California’s Marin and Sonoma counties.
(Eddie Seal/Bloomberg)

Oil drillers are under pressure to scrap rigs to cope with downturn

on
More than 200 new rigs are scheduled to be delivered in the next six years, a 25 percent jump from the number currently under contract.
(Simon Dawson/Bloomberg)

Marathon evacuates personnel from two North Sea platforms

on
About 75 workers were transferred to shore from the Brae Alpha and Brae Bravo platforms.
(AP Photo/Scanpix, Statoil)

Statoil makes small North Sea oil discovery

on
The new well is about 15 miles southwest of the Osberg South field, and is the eighth exploration well in this production license.
(Melissa Phillip/Houston Chronicle)

Transocean to scrap seven more rigs, take $140M charge

on
Transocean is planning to scrap seven of its older, lower-quality deep-water and mid-water vessels, putting them up for sale at a time when oil prices and demand for offshore rigs have sunken lower.
Abigail Hopper

Ocean energy bureau gets new director

on
Abigail Hopper, a Maryland energy regulator and veteran of fights over offshore wind farms, will be the top federal official in charge of oil and gas drilling along the nation’s coastlines.
Abdel Rodriguez holds a Cuban flag as he stands outside the Little Havana restaurant Versailles, as people absorb the news that Alan Gross was released from a Cuban prison and that U.S. President Barack Obama wants to change the United States Cuba policy on December 17, 2014 in Miami, United States.  Alan Gross, the American contractor had spent five years in Cuban jail.  (Photo by Joe Raedle/Getty Images)

Obama shift on Cuba won’t mean big oil boom in Gulf of Mexico

on
President Barack Obama’s decision to normalize relations between the United States and Cuba may lead to more commercial opportunities for Americans within the island nation. But don’t expect U.S. oil producers to move swiftly to take advantage of them.
President Barack Obama gestures during a speech on climate change at Georgetown University on Tuesday, June 25, 2013, in Washington. (AP Photo/Evan Vucci)

Obama withdraws Alaska’s Bristol Bay from drilling

on
Obama says in a video announcement that the natural resource is too precious to be put out to the highest bidder.
(Matthew Lloyd/Bloomberg)

BP sees $1 billion in restructuring charges as oil falls

on
The British oil giant is gearing up to weather at least two years of lower oil prices and the contraction in the oil industry that goes with it.