Tag: gulf of mexico

Dead offshore worker described as family man and supervisor

Louisiana officials have identified the man who died in a Nov. 20 explosion at an oil platform in the Gulf of Mexico.  More »

Fatal explosion came during maintenance work

The fatal explosion came nearly six months after federal drilling regulators warned that the facility had failed to maintain all equipment in a safe condition so as to ensure the protection of the lease and associated facilities.  More »

Feds probe fatal offshore blast

Federal investigators are on the scene of a oil platform in the Gulf of Mexico that exploded on Thursday, killing one person and injuring three others.  More »

Hess, Chevron see first oil flow at Tubular Bells

Hess Corp.’s quest to harvest crude from its Tubular Bells field in deep Gulf of Mexico waters has culminated in oil now flowing at a massive production facility 45 miles from shore.  More »

BP asks judge to cap spill penalties at $12 billion

BP wants a federal judge to cap its potential oil-spill pollution fines at a maximum of $12.3 billion, a move that would cut away nearly a third of the penalties U.S. prosecutors are seeking for the Deepwater Horizon disaster.  More »

Iraq wants tanker dispute to stay in U.S.

Iraq wants an international dispute over a tanker of crude floating for three months off Galveston’s coast to remain in U.S. courts because Kurdistan refuses to resolve the matter on Iraqi soil, according to recent court filings.  More »

Judge denies BP request to oust oil spill claims boss

A federal judge on Monday refused to oust the claims administrator in charge of dispensing BP’s oil spill settlement money to Gulf Coast claimants, despite BP’s criticisms in recent months.  More »

Transocean expects $2.76 billion in writedowns

Swiss drilling contractor Transocean has written off $2.76 billion in book value for its offshore rigs as it faces falling day rates and weaker demand for deep-water drilling.  More »

Court reaffirms BP is liable in Gulf oil spill

BP is facing $18 billion in penalties stemming from the 2010 oil spill.  More »

Plains to buy half of BridgeTex in $1.1 billion deal

The pipeline is a major artery for the basin with a capacity of 300,000 barrels per day of crude.  More »

Commentary: Is the Deepwater Horizon movie a good idea?

The movie based on the BP Deepwater Horizon oil disaster starring Mark Wahlberg is set for release Sept. 30, 2016.  More »

Hercules Offshore to lay off 324 workers

Houston-based drilling rig contractor Hercules Offshore has told Texas regulators it will lay off 324 employees as it shuts down four rigs in the Gulf of Mexico.  More »

Statoil suffers first loss on oil-sands project, crude drop

Statoil ASA, Norway’s biggest energy company, reported its first quarterly loss since listing in 2001 after writing down the value of an oil-sands project in Canada and struggling with plunging crude prices.  More »

Calls for $100-a-barrel oil show many betting on rebound

Higher prices will be back soon enough because the current slowdown in demand growth will prove fleeting, many in the market are saying.  More »

Hess announces plans to proceed with $6 billion Gulf project

The announcement comes at a time when many observers have questioned what sliding oil prices will mean for the future of the oil industry.  More »
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