The Senate on Saturday unanimously passed legislation to enact a long-stalled international treaty that would govern oil drilling along the U.S.-Mexico border in the Gulf of Mexico, but the popular measure faces an uncertain future in the House. More »
The Center for Offshore Safety, an industry group developed after the Deepwater Horizon oil spill in 2010 to foster best practices for the industry, has given its approval to three initial auditing organizations for reviewing offshore companies’ safety plans.
The federal government shutdown could harm oil and gas production across the United States, former Interior Secretary Ken Salazar warned Thursday. More »
The Brazilian billionaire Gradin family is spending $500 million on three offshore vessels to help Petroleo Brasileiro SA (PETR3), the biggest oil producer in deep waters, reverse declining output at its biggest production zone.
Norway may see a series of Arctic oil finds after a well produced crude from a previously unproductive layer of rock, explorer Lundin Petroleum AB said. More »
Chevron Corp. (CVX) began returning workers to shuttered Gulf of Mexico operations and Anadarko Petroleum Corp. said it expected to follow suit as Tropical Storm Karen weakened off Louisiana. More »
U.S. District Judge Carl Barbier is scheduled to hear three weeks of testimony from dueling experts to help him calculate how much oil spilled into the Gulf — a key factor in determining how much more money BP and its contractors owe for their roles in the deadly disaster. More »
Chevron Corp. began returning workers to shuttered Gulf of Mexico operations and Anadarko Petroleum Corp. said it expected to follow suit as Tropical Storm Karen weakened off Louisiana.
What happens when a tropical storm and a government shutdown collide? As Tropical Storm Karen heads toward the Gulf of Mexico and some oil companies evacuate platforms in the area, federal agencies are navigating a government shutdown to respond. More »
Falkland Oil & Gas Ltd. (FOGL)’s 61 million-pound ($99 million) bid for Desire (DES) Petroleum Plc will accelerate exploration off the Atlantic archipelago, said Falkland Oil Chief Executive Officer Tim Bushell.
Anadarko Petroleum Corp. is removing non-essential workers from operated facilities in the central and eastern Gulf of Mexico, including the Independence Hub, Neptune, Constitution and Marco Polo platforms. More »
Cyprus’ energy minister says that a gas field off the country’s southern coast contains between 3.6 and 6 trillion cubic feet (0.1-0.17 trillion cubic meters) of natural gas, noticeably less than an earlier estimate. More »