(Image: Fotolia)

BP asks Texas Supreme Court for ruling that would cut spill costs

on
The legal question of the day, submitted by the 5th Circuit Court of Appeals to the justices in Texas, could change the way companies finance risky business operations well beyond the oil industry.
In this Thursday, Sept. 11, 2014 photo, workers lay cables on a new oil rig under construction for China National Offshore Oil Corp. (CNOOC) in a shipyard in Qingdao in east China's Shandong province. The Chinese exploration rig at the center of a tense maritime standoff with Vietnam earlier this year has made its first deep sea gas discovery in the politically volatile South China Sea, state media announced Tuesday, Sept. 16. The discovery by CNOOC was made about a month after its rig withdrew in July from Vietnam's exclusive economic zone to far less-contested waters closer to China. (AP Photo) CHINA OUT

China rig finds gas after Vietnam sea standoff

on
The discovery by China National Offshore Oil Corp. was made about a month after its rig withdrew in July from Vietnam’s exclusive economic zone to far less-contested waters closer to China.
ExxonLogo

Exxon kicks off operations at $2.6 billion Malaysian EOR Project

on
Exxon Mobil Corp. and its Malaysian partner Petronas have kicked off the first operations at a massive enhanced oil recovery project about 200 kilometers offshore of Peninsular Malaysia.

Chevron draining natural gas after worker death

on
Authorities said that a Chevron Corp. subsidiary was still releasing natural gas Sunday from a pipeline off the Louisiana coast where a Saturday incident killed a maintenance worker.

1 dead in gas accident on offshore La. platform

on
A contractor was killed and two others were injured Saturday during maintenance on a Chevron natural gas pipeline off the Louisiana coast, authorities said.
BP CEO Bob Dudley (AP file photo/Alastair Grant)

BP, Shell chiefs speak out against Scottish independence

on
The CEO of BP warned that Scotland’s push to splinter off from the United Kingdom could upset the fiscal stability underpinning oil operations in the North Sea.
Tamar offshore rig, off the coast of Israel
 (Albatross via Getty Images)

Israel looks to Texas for energy investment, expertise

on
Texas, with its history of oil booms and busts, offers expertise for a country new to the energy game.
Tamar offshore rig, off the coast of Israel
 (Albatross via Getty Images)

Noble Energy to supply Israeli gas to Jordan’s power company

on
Noble and Jordan’s national power company signed a non-binding letter of intent that would provide Jordan with 1.6 trillion cubic feet of natural gas over 15 years from the Leviathan field in the Eastern Mediterranean sea. That’s equal to 300 million cubic feet per day.

Noble announces Gulf of Mexico discoveries

on
Noble Energy has found oil and gas at two wells drilled deep in the Gulf of Mexico, the company reported Thursday.
Shell used the drillship Noble Discoverer for its 2012 drilling in the Chukchi Sea north of Alaska.  (Jennifer A. Dlouhy / The Houston Chronicle)

Shell formally launches 2015 Arctic drilling bid

on
Shell’s campaign to resume Arctic drilling in 2015 took a major step forward Thursday, as the company gave federal regulators a broad drilling blueprint that lays out plans for boring new exploratory oil wells in the Chukchi Sea. It is the strongest evidence yet that the company will keep pursuing a big discovery in the U.S. Arctic, after a mishap-plagued 2012 exploration campaign ended with the grounding of a drilling rig and a $200 million writeoff.