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gulf of mexico

The hull of Chevron's Big Foot oil platform takes a three-month journey from Korea to Texas. (Chevron)

Investigation ongoing into failure of Chevron’s Big Foot project

Chevron’s beleaguered Big Foot platform has been towed back to South Texas while the company continues to investigate the failure of equipment used to latch the hulking steel platform to the seafloor.
An aerial view of the Cameron LNG terminal in Hackberry, La. Sempra Energy is the majority owner of Cameron LNG. (Photo: Cameron LNG)

85 gas projects dying on the vine as LNG’s promise falls short

Consulting firm IHS Inc. says only one in every 20 projects planned are actually necessary by 2025 as weakening Asia economies, cheap coal, the return of nuclear power in Japan and the ever-expanding glut of shale supply in North America temper demand for the power-plant fuel, putting tens of billions of dollars worth of export projects at risk.
A worker stands in front of a stockpile of copper-gold concentrate from Freeport McMoRan Inc.'s Grasberg copper and gold mine at the company's processing facility in the port of Amamapare, Papua province, Indonesia, on Tuesday, April 21, 2015. (Dadang Tri/Bloomberg)

Freeport-McMoRan may spin off oil and gas business

Freeport-McMoRan Inc., the world’s biggest publicly-traded copper producer, is reviewing “strategic alternatives” for its oil and gas business amid a slump in commodity prices.
Deepwater Horizon

BP, Justice Department file $20.8 billion oil spill accord with court

A New Orleans judge will have to approve the consent decree after a 60-day public comment period before BP and the federal government can officially resolve their long-running legal battles over the massive 2010 oil spill.
(AP Photo/HO, Shell)

Shell starts Nigeria offshore expansion of up to 50,000 barrels

Shell has a 55 percent stake in Bonga and operates what it says were the first deposits to be developed in Nigeria’s deep waters in 2005.
(AP Photo/Patrick Semansky)

Houston investors win Mexican offshore lease

The sale was the second in a series of tenders intended to revitalize the country’s flagging energy sector by luring private investment.
Jed Hamilton and Kevin Harun take part in the University of Houston 2015-2016 Energy Symposium.  (Craig H. Hartley/For the Chronicle)

Exxon Mobil official promotes Arctic exploration

“If the U.S. stands in the background, Russia will move forward, and things won’t be as good as they could be if the U.S. had a seat at the table in the Arctic,” said Jed Hamilton, senior Arctic consultant at Exxon Mobil Upstream Research Company.
The United Kalavryta, shown in the Gulf in late July, about 60 miles off Galveston's coast. (Courtesy: U.S. Coast Guard)

Iraq wins in fight with Kurds over disputed tanker

The case began last year when Iraq’s central government sued to seize a tanker loaded with crude from the country’s Kurdish region that had sailed to the Gulf of Mexico and anchored in international waters off the coast of Texas.
Shell launched its new floating offshore production and storage vessel in the Gulf of Mexico on Sept. 9. (Royal Dutch Shell)

Shell’s first Gulf of Mexico floating production vessel gets ready to head to Stones field

Shell said the FPSO, dubbed the Turritella, will be the deepest of its kind in the world, operating in 9,500 feet of water.
Lee Tillman, of Marathon Oil Company, delivers remarks in  the Unconventional Impact Pane during the Offshore Technology Conference at NRG Park on May 5, 2014, in Houston, Tx. (Mayra Beltran/Houston Chronicle)

Marathon Oil trims jobs, $150 million from exploration spending

Marathon Oil Corp. is shedding 40 jobs, mostly in the United States, and is scaling back plans to explore for oil and gas in conventional plays, the company confirmed Thursday.