Greenpeace activists held a banner that said 'The People vs. Shell' as they scaled the Polar Pioneer drill rig in the Pacific Ocean. (Photo: Greenpeace)

More Arctic drilling protests planned in Seattle

Hundreds of protesters in kayaks and other vessels turned out on Saturday for a protest dubbed the “Paddle in Seattle,” and on Monday, organizer say they expect hundreds to flood the Port of Seattle’s Terminal 5 and Harbor Island.
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)

US says decade-old Gulf oil leak could last another century

The federal government is warning that the leak could last another century or more if left unchecked.
Activists who oppose Royal Dutch Shell's plans to drill for oil in the Arctic Ocean prepare their kayaks for the "Paddle in Seattle" protest on Saturday, May 16, 2015, in Seattle. (Daniella Beccaria/ via AP)

Anti-Arctic drilling kayaktivists hold ‘Shell No’ protest

Kayakers gathered in formation and hoisted signs and banners that read: “Climate Justice,” ”Oil-Free Future,” ”Shell No, Seattle Draws The Line,” and “We can’t burn all the oil on the planet and still live on it.”
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)

Kayakers protest as Arctic drill rig moors off Seattle

The watery protest marked a pivotal moment for an environmental movement increasingly mobilized around climate change, but the scene also suggested how outmatched Shell’s opponents have been as they try to keep the petroleum giant from continuing its $6 billion effort to open new oil and gas reserves in one of the world’s most dangerous maritime environments.

Coastal states launch new bid for offshore drilling dollars

Senators from Texas, Alaska and other coastal states have launched a fresh campaign to siphon off more of the revenue that flows to the federal government from offshore drilling.
Oil flows out of the top of the transition spool, which was placed into the gushing Macondo wellhead at the site of the Deepwater Horizon oil spill in the Gulf of Mexico in July 2010. AP Photo/BP PLC, File)

Plan OK’d to drill into BP’s ill-fated Macondo reservoir

A privately owned Louisiana firm will be looking to extract oil and gas deep under the Gulf of Mexico’s seafloor, an undertaking that proved catastrophic for BP.
(Kristen Hays/Houston Chronicle)

Subsea 7 plans to eliminate 2,500 jobs globally

Subsea 7 is not yet elaborating on whether its North American headquarters at the Westgate complex in Houston’s Energy Corridor will be impacted much, but the company did say it has begun consulting with employees in the United Kingdom and Norway where a lot of its operations are run.
J. Ray McDermott S.A., a McDermott International subsidiary, completes  the Front Runner Spar hull project in the Gulf of Mexico. (McDermott)

Houston engineering company cuts 1,700 jobs amid first quarter loss

For the first quarter of 2015, McDermott posted a loss of $14.5 million, or 6 cents a share, including $10.4 million in restructuring charges, which compared to a larger $46.5 million loss, or 20 cents a share, for the same quarter in 2014.
With the Olympic Mountains in the background, the Polar Pioneer drilling rig arrives in Port Angeles, Wash., aboard a heavy-lift transport ship in April. Shell Oil Co. hopes to use the rig for exploratory drilling during the summer open-water season in the Chukchi Sea off Alaska's northwest coast, if it can get the permits. (Daniella Beccaria/ via AP, File)

Obama administration gives thumbs up to Shell’s Arctic drilling plans

Shell moved one step closer to resuming its $6 billion quest for crude in the Arctic on Monday, with the Obama administration’s approval of its broad plan for exploratory oil drilling in the Chukchi Sea north of Alaska.
Jack Moore,  CEO of Cameron International, announced that he will resign his position in Fall 2015. (Cameron)

Cameron International announces CEO succession plan

Cameron Chairman and CEO Jack Moore, who has led the company for more than seven years, plans to retire on Oct. 5 but still remain in the chairman position.