Deepwater Horizon

Midnight deadline approaches for oil spill settlement claims

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Claims administrator Patrick Juneau says there has been an uptick in the number of filings as the deadline approached. He said claims centers in Florida, Mississippi, Alabama, Louisiana and Texas will be open until midnight to handle claims.
In this May 21, 2015 file photo, workers prepare an oil containment boom at Refugio State Beach, north of Goleta, Calif..(AP Photo/Jae C. Hong, File)

Pipeline firm said California oil spill ‘extremely unlikely’

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Nearly 1,200 pages of records, filed with state regulators by Plains All American Pipeline, detail a range of defenses the company established to guard against crude oil spills and, at the same time, prepare for the worst should a spill occur.
Amedeo Marcotulli is the new Xodus Subsea general manager in Houston. (Xodus)

Xodus Subsea adds new Houston leadership, but slows growth plans

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Xodus Subsea launched in October as a global energy engineering firm with plans to quickly establish a North American headquarters in Houston and grow.

But then the collapse in oil prices sped up. Fast forward a few months and London-based Xodus Subsea has a new Houston leadership team in place, although the growth plans have slowed along with the overall energy market.

In a Nov. 28, 2012 file photo, David  Rainey, center, a former BP vice president during the Deepwater Horizon oil rig explosion, leaves Federal Court in New Orleans. Rainey was acquitted of one charge of lying to federal investigators on June 5, 2015. (AP Photo/Matthew Hinton, File)

Ex-BP executive Rainey found not guilty of making false statement

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A federal jury has found a former BP executive not guilty of making false statements to investigators in connection with the 2010 Gulf of Mexico oil spill.
(Photo by Eddie Seal for Bloomberg News)

Energy companies grew “lazy” and “flabby” while oil prices were high, executive says

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Energy companies grew a little too fat and happy during time of $100 a barrel oil prices, but they have quickly turned a corner to become much more efficient, energy executives said at a Calvetti Ferguson law firm forum.
A Sikorsky model 76-D helicopter hovers over a runway during a demonstration of the new Sikorsky model 76-D helicopter designed for transporting offshore oil workers at West Houston Airport Friday, Jan. 23, 2015, in Houston. Sikorsky just opened a Houston office to focus on oil & gas support. 
( James Nielsen / Houston Chronicle )

Sikorsky to cut 1,400 jobs, citing falling oil production

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Spokesman Paul Jackson said the cuts are not related to a review by United Technologies of whether to sell, spin off or divest Sikorsky. A decision is expected to be announced in about a month.
Chevron's massive deep water offshore platform heads to the Gulf of Mexico. The project was slated to start production this year, but that's been delayed after several subsea installation tendons sustained damage. (Chevron)

Chevron’s massive Big Foot project delayed again

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Production won’t start later this year as planned because the company has to move the platform to sheltered waters while it assesses the problem.
William Transier (Endeavor)

Endeavour International puts all its assets up for sale

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Houston-based Endeavour said Monday it launched a marketing process to sell its United Kingdom-based North Sea assets. The announcement came after Endeavour previously said in April that it put its U.S. assets up for sale. All of Endeavour’s operations are in the North Sea and U.S. shale.
A heavy duty jack-up rig drills over the Forties Echo platform (Apache Corp.)

Apache reorganizes leadership, closes offices

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Houston-based Apache CEO and President John Christmann, who abruptly took over the CEO role in January, is merging North American operations into two “super regions” in Houston and the Permian region in Midland. A third international and offshore super region will consist of Apache’s Egypt, North Sea and Gulf of Mexico regions.
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)

Saudi Aramco cuts day rates in half for Hercules Offshore rigs

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Saudi Aramco won’t cancel a five-year contract for a Hercules Offshore drilling rig after all, the Houston contractor said Monday, four months after the world’s biggest oil producer signaled it would terminate the drilling deal.