Tag: gulf of mexico

BHP Billiton, Pemex sign agreement to share deepwater knowledge

Australian oil and mining giant BHP Billiton and Pemex, Mexico’s national oil company, have signed a deal to share knowledge of deepwater operations, BHP Billiton announced.  More »

Black Elk execs depart, start new firm

The man who founded and led Black Elk Energy, a Houston firm battered by a fatal 2012 explosion at one of its Gulf of Mexico production platforms, left the company a few weeks ago to try his hand at pumping oil on dry land.  More »

BP says judge’s fact findings should limit its spill liability

BP is arguing in court that certain findings in a federal judge’s recent ruling actually work in its favor.  More »

McDermott completes its work on Chevron’s Jack and St. Malo offshore projects

Engineering and construction firm McDermott International announced Monday that it’s completed its portion of work on Chevron’s Jack and St. Malo project in the Gulf of Mexico.  More »

Original oil claims boss sides with BP in Supreme Court fight

The man who was in charge of BP’s original oil spill fund has urged the U.S. Supreme Court to require claimants to prove their losses were tied to the 2010 disaster.  More »

Moody’s outlook on BP debt turns negative after ruling

Moody’s Investors Service changed its outlook on billions of dollars of BP’s corporate debt from stable to negative a few days after a federal court’s ruling in the Deepwater Horizon case.  More »

Shell announces first oil from Cardamom field in Gulf of Mexico

Shell Oil Co. announced Monday that it had begun production from a subsea project in the Gulf of Mexico that is expected to eventually produce 50,000 barrels of oil equivalent per day.  More »

Britain goes to bat for BP in Supreme Court brief

The British government is asking the U.S. Supreme Court to show mercy on BP as the London oil company faces steep costs for the 2010 Gulf of Mexico oil spill.  More »

Botched safety test, extra drilling key to “reckless” BP ruling

A federal judge’s ruling that BP was reckless in the lead up to the Gulf of Mexico oil spill hinged on the company’s decisions to drill deeper than was deemed safe and skip or misread well integrity tests, among other factors “motivated by profit.”  More »

Punitive damages question lingers in BP oil spill case

The question of whether BP can be charged for punitive damages for its role in the 2010 Gulf of Mexico oil spill could compel the Supreme Court to take up the matter, legal experts say.  More »

Halliburton reaches $1.1 billion Gulf spill settlement

Halliburton said Tuesday it reached a $1.1 billion settlement with a majority of plaintiffs who sued the Houston oil field service company in the wake of the 2010 Gulf of Mexico oil spill.  More »

Plaintiffs likely to appeal ruling in BP Atlantis case, lawyer says

An attorney for plaintiffs who sued BP for $256 billion said Thursday he expects to appeal a federal judge’s decision to throw out a lawsuit over alleged safety compliance issues at one of BP’s deep-water production platforms.  More »
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