(Kristen Hays/Houston Chronicle)

Enterprise sells Gulf of Mexico pipeline business for $1.5 billion

The deal will send 1,100 miles of crude oil pipeline, 1,200 miles of natural gas pipeline and interest in six offshore hub platforms from Houston’s Enterprise to Genesis, which is also based in Houston.
A worker from Oceanografia SA walks down a set of stairs on a section of the Petroleos Mexicanos (Pemex) Pol-A Platform complex, located on the continental shelf in the Gulf of Mexico, 70 kilometers offshore from Ciudad del Carmen, Mexico, on Friday, March 28, 2014. "Production is stable and we foresee production reaching our target levels above 2.5 million barrels per day,? Pemex chief executive officer Emilio Lozoya said in an interview last week. Photographer: Susana Gonzalez/Bloomberg

Oil majors shun Mexico offshore auction as blocks go unsold

Exxon Mobil Corp., Chevron Corp. and Total SA all passed on the first 14 shallow-water oil blocks auctioned by Mexico today in the country’s first-ever sale of territory in the Gulf of Mexico. Only one of Mexico’s first five oil blocks auctioned received a qualifying bid.
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)

Liberal group says White House should use Gulf of Mexico auction to secure parks spending

Preserving the 50-year-old Land and Water Conservation Fund that pays for parks and public spaces requires a “bold fight” by the Obama administration, the Center for American Progress argues. The program, which is mostly funded by offshore oil and gas revenue, is set to expire in September.
Birds fly as pedestrians watch tug boats transport the Chevron Corp. Jack St. Malo semi-submersible drilling and production platform to the Gulf of Mexico from Kiewit Offshore Services in Ingleside, Texas, U.S., on Friday, Nov. 15, 2013. Chevron Corp. expects its $7.5 billion Jack/St. Malo platform to begin producing oil and gas in 2014, with a long-range target of 177,000 barrels per day. Photographer: Eddie Seal/Bloomberg

Oil rig repairer files bankruptcy, aims to end worker suits

The Retirement Systems of Alabama, a public pension system that already owned a minority of the company and was a lender, has agreed to buy the company and lend it money while in bankruptcy. Signal says it has agreed to settle the Indian workers’ claims for $20 million as part of the bankruptcy.
Protesters in kayaks paddle out to meet the Arctic offshore oil rig Polar Pioneer piggybacked atop the cargo deck vessel Blue Marlin as it arrives at Port Angeles, Wash., on  April 17.  (Keith Thorpe/The Peninsula Daily News via AP)

Pew survey: Most young Americans oppose offshore drilling, nuclear power

There are dramatic generation gaps in opinions on global warming, offshore drilling, nuclear power, childhood vaccines, gene modification to reduce a baby’s disease risk, untested medicine use, lab tests on animals, and evolution, according to the Pew Research Center.
A rendering of Shell's planned oil platform for its Appomattox and Vicksburg discoveries in the deep-water Gulf of Mexico. (Shell)

Shell moves forward on major Gulf of Mexico platform

Shell said it authorized the major project after finding 20 percent in cost reductions and determining that it will produce a profit as long as the global benchmark for oil prices stays above $55 a barrel.
A jackup rig works on an Energy XXI project in the Main Pass complex of the Gulf of Mexico, located in about 100 feet of water near the mouth of the Mississippi River. (Martin L Vargas / Energy XXI)

Energy XXI sells off oil-rich shallow water field for $21 million

The Houston firm sold its East Bay Field, about 89 miles southeast of New Orleans, to an undisclosed private buyer for $21 million, the company announced Wednesday.
Noble Energy hunts for oil offshore Israel in the Tamar field. The Houston-based oil company has stalled its Israel investments after a dispute with the country's anti-trust regulators. (Noble Energy)

Israel vote could clear Noble Energy to re-start work on two major fields

Noble Energy may soon be able to re-start work on two major gas fields in Israel after a committee of top ministers on Thursday approved a plan promoting the development of the country’s offshore natural gas fields. The Houston-based company halted its investment in Israel after the country’s antitrust regulator refused to finalize a deal […]
Categories: Middle East, Offshore
A man takes in pictures the A. P. Moller-Maersk Group Eugen Maersk ship, the world?s largest 397 m long container vessel, on February 20, 2008 in the French harbor of Le Havre, western France. AFP PHOTO ROBERT FRANCOIS (Photo credit should read ROBERT FRANCOIS/AFP/Getty Images)

La Porte dockworkers may keep jobs after terminal shutdown

APM Terminals is shuttering its La Porte operations, but handing over the container and cargo-handling operations over to the Port of Houston Authority at the Barbours Cut terminal facility.
A man takes in pictures the A. P. Moller-Maersk Group Eugen Maersk ship, the world?s largest 397 m long container vessel, on February 20, 2008 in the French harbor of Le Havre, western France. AFP PHOTO ROBERT FRANCOIS (Photo credit should read ROBERT FRANCOIS/AFP/Getty Images)

APM Terminals to close operations, cut more than 100 port jobs near Houston

In a letter to the Texas Workforce Commission, Scott Reiss, head of human resources for APM Terminals in the U.S., said the company is permanently shutting down its operations at East Barbours Cut Boulevard by July 24 and eliminating 109 jobs in the process.