Tag: gulf of mexico

14 companies bid for western Gulf leases

Federal officials on Wednesday will open sealed bids from 14 companies vying for new oil and gas leases in the western Gulf of Mexico.  More »

Attorneys: BP not entitled to get Gulf settlement payments back

Plaintiff attorneys say BP has no right to recover any alleged overpayments made through the multibillion-dollar Gulf oil spill settlement it reached two years ago to repair the coastal economy.  More »

Show them the money; Feds to boost offshore bond requirements

With oil companies boring wells and building offshore facilities in ever-deeper waters, federal regulators on Friday moved to update decades-old requirements to ensure they have enough money to dismantle the equipment once crude stops flowing.  More »

Gulf oil field names follow quirky, creative system

As drilling activity has increased in the Gulf of Mexico over the decades, geologists have had to push the envelope and develop even more distinct labels for their finds  More »

Boston protesters rally against Kinder Morgan gas pipeline

The protest, attended by hundreds of supporters, was the culmination of a month-long “rolling rally” that marched through towns likely impacted by Kinder Morgan’s proposed 250-mile long pipeline expansion in Berkshire, Worcester and Franklin counties.  More »

Feds: BP can’t dismiss lawsuits by blaming drilling moratorium

The Justice Department has joined a fight against BP’s efforts at dismissing lawsuits by deep-water drillers and oil-field service firms alleging damages from the 2010 Gulf of Mexico oil spill.  More »

Anadarko profits fall on one-time costs; production jumps

Anadarko Petroleum Corp.’s profits dropped 76 percent in the second quarter on $442 million in derivative losses, impairments and other one-time costs even as its oil production climbed higher, the company reported Tuesday.  More »

BP profits jump on Rosneft stake

BP’s profits jumped 65 percent in the first quarter on a surge in Rosneft earnings, even as its global oil production and refining businesses declined, the company reported Tuesday.  More »

Feds roll out details on Western Gulf lease sale

The Obama administration on Thursday released final details for its planned Aug. 20 sale of oil and gas drilling rights in the western Gulf of Mexico.  More »

Shell announces new Gulf of Mexico discovery

Shell Oil Co. today announced an offshore discovery in the Gulf of Mexico it believes contains 100 million barrels of oil equivalent.  More »

Technology lets producers move jobs from platforms to land

Shell and other offshore players to move a growing number of jobs historically performed at sea onto land.  More »

Gulf dead zone should be smaller than 2013, tied to ethanol production

The annual Gulf of Mexico dead zone — which scientists tie to Midwest agriculture including ethanol production — is expected to be slightly smaller than last year but still around 5,000 square miles.  More »
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