Tag: gulf of mexico

Video: Ocean researchers show what BP spill site looks like five years later

Five years after the Deepwater Horizon oil rig sank into the Gulf of Mexico, scientists with an ocean research and exploration group released video of what the underwater site of one of the worst oil spills in history looks like today.  More »

CERAWeek: Mexico’s bidding rounds continue despite crude collapse

Thirty-four companies had signed on to the first auction organized by the state, said Lourdes Melgar, Mexico’s deputy secretary of energy for hydrocarbons at the Ministry of Energy.  More »

5 years after BP spill, drillers push into riskier depths

ON THE GULF OF MEXICO — Five years after the nation’s worst offshore oil spill, the industry is working on drilling even further into the risky depths beneath the Gulf of Mexico to tap massive deposits once thought unreachable. Opening this new frontier, miles below the bottom of the Gulf, requires engineering feats far beyond […]  More »

Sixth Chevron drillship arrives in the Gulf of Mexico

The drillship, called the Deepwater Asgard, will work in the Mississippi Canyon under a two-year contract with Transocean, a Swiss rig contractor  More »

AP: Offshore wells buried during Hurricane Ivan have been leaking oil into the Gulf since 2004

An Associated Press investigation has revealed evidence that the spill is far worse than what the company behind the leak has publicly reported.  More »

Statoil makes Gulf of Mexico discovery

Statoil and its partners have struck oil in the Gulf of Mexico, but more work is needed before the Norwegian oil company can determine the size of the discovery.  More »

Mexico’s energy regulators are hopeful the crude crash won’t spoil their first oil-rights auction

Mexican energy regulators on Tuesday expressed confidence that low oil prices won’t suppress activity as the country auctions exploration and production rights for the first time in more than 75 years.  More »

Mexico’s Pemex: 3 workers still missing after platform blaze

Petroleos Mexicanos, or Pemex, said it became aware of the missing workers when it recounted personnel after Wednesday’s fire on the Abkatun-A Permanente shallow-water platform in the Campeche Sound.  More »

Pemex says it will meet deliveries despite massive oil platform explosion

Four workers died including one from Mexican oil services provider Cotemar SA and 16 others were injured Wednesday after a fire on the Abkatun platform in the Gulf of Mexico.  More »

Mexico says oil spill avoided after deadly offshore blaze

At least four workers died and two suffered life-threatening injuries in an explosion that engulfed the platform in flames Wednesday, forcing 300 people to abandon the facility.  More »

Pemex platform fire kills four workers, injures 16

A fire at a shallow-water oil platform in the Gulf of Mexico has killed four workers, injured 16 and forced the evacuation of 300, Mexico’s state-owned oil company said Wednesday.  More »

Exxon Mobil starts production at its new deepwater project in the Gulf

Total production of the project is expected to reach about 300 million cubic feet of gas and 3,000 barrels of liquids per day from two wells.  More »

BP says paying a fraction of oil spill bill could put its U.S. unit in trouble

Fines for the 2010 Deepwater Horizon disaster could reach as high as $13.7 billion against BP.  More »

Oil industry to Obama: Stop excluding Atlantic drilling leases

Oil industry leaders on Monday pressed the Obama administration to reverse course and schedule two auctions of drilling rights in the Atlantic, not just the single sale now penciled in for 2021.  More »

Saratoga Resources extends forbearance agreements to restructure debt

The Houston firm is extending the terms of its forbearance agreement with holders of $54.6 million in senior debt and 75 percent of holders of $125.2 million in second lien notes until April 30.  More »
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