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gulf of mexico

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Fire on Gulf oil platform forces evacuation of 28 workers

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The Coast Guard reported a light sheen of oil could be seen from the air along a more than one-mile stretch of water. Also, about 4,000 barrels of crude oil is stored on the platform.
In this Sept. 16, 2004 file photo, waves crash against a sailboat lodged under a bridge in Fort Walton Beach, Fla., after Hurricane Ivan struck the gulf coast. Federal regulators believe a persistent oil spill in the Gulf of Mexico that began after a drilling platform was toppled during Hurricane Ivan in 2004 will continue for 100 years or more if left unchecked. (AP Photo/John Bazemore, File)

US says decade-old Gulf oil leak could last another century

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The federal government is warning that the leak could last another century or more if left unchecked.

Coastal states launch new bid for offshore drilling dollars

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Senators from Texas, Alaska and other coastal states have launched a fresh campaign to siphon off more of the revenue that flows to the federal government from offshore drilling.
Oil flows out of the top of the transition spool, which was placed into the gushing Macondo wellhead at the site of the Deepwater Horizon oil spill in the Gulf of Mexico in July 2010. AP Photo/BP PLC, File)

Plan OK’d to drill into BP’s ill-fated Macondo reservoir

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A privately owned Louisiana firm will be looking to extract oil and gas deep under the Gulf of Mexico’s seafloor, an undertaking that proved catastrophic for BP.
Ryan Lance, ConocoPhillips CEO, speaks during the opening panel discussion of the 2015 IHS Energy CERAWEEK. (Brett Coomer/Houston Chronicle)

OTC Commentary: ConocoPhillips CEO says U.S. needs crude oil exports as offshore oil production ramps up

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Ryan Lance writes that ending the federal ban on crude oil exports could become more critical as the U.S. transitions into an era of energy supply gluts.
The mobile offshore drilling unit Development Driller III at the Deepwater Horizon site on May 7, 2010. (U.S. Coast Guard file photo)

OTC Commentary: Baker Hughes taps the Lower Tertiary

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The size of the Lower Tertiary prize is huge, but so are its challenges: water depths of 5,000-10,000 feet; reservoirs as deep as an additional 26,000 feet beneath the seabed; downhole temperatures up to 300?F and reservoir pressures up to 25,000 psi; oil that does not flow naturally to the surface like it does in other reservoirs, and low average recovery factors.
(Photo by Andrew Burton/Getty Images)

Texas has the nation’s No. 1 oil field

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Texas has shown a significantly stronger presence in the EIA’s top 10 than it did in the agency’s last report in 2009.
A group of idle rigs is seen behind James Noe, Senior Vice President, General Counsel and Chief Compliance Officer for Hercules Offshore while aboard the Hercules 251 a shallow water drilling rig owned by on Wednesday, Aug. 11, 2010, near Port Fourchon, La. (Smiley N. Pool /Chronicle)

Hercules Offshore has cut 40 percent of workforce amid low oil

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The CEO of rig contractor Hercules Offshore says the firm’s global workforce has been cut by nearly 40 percent this year as it wrestles with sunken oil prices. It had 1,800 employees at the end of 2014.
(AP Photo/Gerald Herbert, File)

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

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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.
Maria de Lourdes Melgar Palacios, Mexico's undersecretary of hydrocarbons in the Ministry of Energy. (Emily Pickrell/Houston Chronicle)

CERAWeek: Mexico’s bidding rounds continue despite crude collapse

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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.