Highest-paid workers driving Shell off Australian shores
Escalating costs to build liquefied natural gas plants on land in Australia, where energy workers earn the highest salaries in the world, are driving developers out to sea in search of billions of dollars in savings. More »
Gulf shallow water rig shortage boosts profits for Hercules
A growing shortage of shallow-water rigs in the Gulf of Mexico is providing an unexpected profit boost for Hercules Offshore Inc. and Ensco Plc as customers move farther offshore in the hunt for oil. More »
House bill would codify Gulf of Mexico drilling deal
Lawmakers took a modest step Thursday toward enacting a one-year-old agreement between the United States and Mexico that promises to unleash oil drilling along the nations’ maritime boundary in the Gulf. More »
Cobalt’s oil finds seen luring Shell to Exxon
Cobalt International Energy Inc. (CIE), the oil explorer that doubled in value since going public in 2009, is turning into a takeover target for energy companies attracted to its oil finds from Africa to the Gulf of Mexico. More »
Gulf oil spill judge poses questions on gross negligence issue
The federal judge who must decide whether BP and its partners committed gross negligence in connection with the 2010 Gulf of Mexico oil spill is offering some clues as to how he will formulate his decision. More »
Oceaneering profits hit all-time high
Oceaneering International Inc., the world’s largest provider of underwater robots to the oilfield, climbed to an all-time high after beating profit expectations, raising earnings guidance for the year and boosting its dividend. More »
Gulf heats up with high rig counts and cutting-edge technology
Activity in the Gulf of Mexico is continuing to heat up, with both operators and oil field services companies seeking ways to stake out their share of the market. More »
Photos: Chevron’s Big Foot hull arrives in Texas
t’s called Big Foot for a reason. The gargantuan hull of Chevron’s Big Foot deep water offshore platform recently arrived in Texas, after a three-month trek from Korea. More »
Steffy: After 9 years, a fond farewell
In the old days of newspapers, when copy was still edited on paper, the symbol -30- was used to mark the end of the story. More »
BP may delay Gulf of Mexico Mad Dog 2 field’s development
BP Plc (BP/), Europe’s second-largest oil company, said it’s reviewing plans to develop the Mad Dog 2 oil field in the Gulf of Mexico, citing market conditions and industry inflation. More »
Steffy: Offshore safety still isn’t making the grade
Offshore drilling safety still isn’t making the grade. More »
Shell interested in buying Petrobras blocks in Gulf of Mexico
Royal Dutch Shell Plc (RDSA), Europe’s biggest oil company, is interested in acquiring assets in the Gulf of Mexico, including Petroleo Brasileiro SA (PETR4) blocks. More »
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