Exxon Mobil reports first oil in Nigerian project

The project is a deep-water subsea development located 60 miles offshore Nigeria in 3,300 feet of water and four miles north of the initial Erha field, which has been producing oil since 2006.
Pipe spins on the drilling floor of the Maersk Developer, as fluids circulate inside Statoil's Martin exploratory well. The drill shack or "doghouse" to the right provides a clear view of the rig floor -- and access to equipment needed to control drilling operations on the rig. (Jennifer A. Dlouhy / Houston Chronicle)

Maersk Oil shedding U.S. jobs as Angola drilling plans stall

The Danish firm said it has postponed making a final investment decision on its Chissonga project in Angola amid pressure from low oil prices and high drilling costs.
President Barack Obama waves from the top of the steps of Air Force One at Andrews Air Force Base in Maryland on Monday, Aug. 31, 2015, before departing to Alaska. Obama is traveling on a three-day trip to Alaska aimed at showing solidarity with a state often overlooked by Washington, while using its glorious but changing landscape as an urgent call to action on climate change. (AP Photo/Susan Walsh)

Obama on defense as he heads to Alaska

Environmentalists say there is a clash between Shell’s exploratory oil drilling in the Chukchi Sea and Obama’s visit to survey shrinking glaciers and speak with coastal residents worried about rising seas.
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)

Cameron sells offshore jack-up rig business for $100 million

Cameron International Corp. has agreed to sell off its offshore jackup rig business for $100 million to a Singapore rig contractor, the companies announced Monday.
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)

Maersk gets approval for $4.5 billion U.K. North Sea gas field

The field, located in the central part of the British area of the North Sea, is expected to produce enough natural gas to meet 5 percent of the U.K.’s total demand in 2020 or 2021.
In this Aug. 29, 2015 photo provided by Egypt's state news agency MEAN, Eni CEO Claudio Descalzi, third left, and his delegation meet with Egyptian President Abdel-Fattah el-Sissi, center, and an Egyptian delegation, in Cairo, Egypt. (MEAN via AP)

Italy’s Eni finds ‘supergiant’ natural gas field off Egypt

The Italian energy company Eni SpA announced Sunday it has discovered a “supergiant” natural gas field off Egypt, describing it as the “largest-ever” found in the Mediterranean Sea.

This July 30, 2014 photo shows Margerie Glacier, one of many glaciers that make up Alaska's Glacier Bay National Park. With melting glaciers and rising seas as his backdrop, President Barack Obama will visit Alaska next week to press for urgent global action to combat climate change, even as he carefully calibrates his message in a state heavily dependent on oil. (AP Photo/Kathy Matheson)

In Alaska, Obama to walk fine line on climate change, energy

The unambiguous goal of the president’s trip is to use dramatic and alarming changes to Alaska’s climate to instill fresh urgency into his global warming agenda.
(Bureau of Safety and Environmental Enforcement)

Facing fierce winds and high seas, Shell halts Arctic drilling

Shell temporarily halted exploratory oil drilling in the Arctic Ocean as the weather worsened on Thursday.
In this Sept. 16, 2004 file photo, waves crash against a sailboat lodged under a bridge in Fort Walton Beach, Fla., after Hurricane Ivan struck the gulf coast. Federal regulators believe a persistent oil spill in the Gulf of Mexico that began after a drilling platform was toppled during Hurricane Ivan in 2004 will continue for 100 years or more if left unchecked. (AP Photo/John Bazemore, File)

Shale boom has made U.S. oil production less vulnerable to hurricanes

Hurricanes no longer pose as much of a threat to domestic production as they once did since the shale boom reduced the United States’ reliance on oil and gas extracted offshore, according to a new federal analysis.
This is an undated handout photo issued by Total E&P UK Ltd of Total's Elgin PUQ (Process/Utilities/Quarters)  platform. A two-mile exclusion zone has been set up around the offshore platform in the North Sea which has been evacuated after a gas leak, Tuesday, March 27, 2012. The leak on Total's Elgin PUQ platform, about 150 miles (241km) off the coast of Aberdeen, led to the evacuation of all 238 workers on Sunday. (AP Photo  / TOTAL E&P UK Ltd)

Total to sell $905 million in North Sea midstream assets

The sale will send the Frigg UK Pipeline, the St. Fergus Gas Terminal and the Shetland Island Regional Gas Export System to North Sea Midstream Partners, an private equity-backed pipeline company.