Tag: gulf of mexico

Judge rejects BP appeal on cap for Gulf oil spill liabilities

Barbier said he hasn’t yet determined the actual amount of the civil penalty stemming from the Gulf of Mexico spill, which could run as high as $13.7 billion.  More »

Helix CEO: Producers canceling offshore contracts despite termination fees

The Houston offshore service firm probably won’t make deep cuts to its workforce of 1,600 to cope with the downturn in oil prices, its CEO said, but he acknowledged there “may be some opportunity.”  More »

NASA flight facility concerned with potential offshore drilling

The majority of the area that was proposed for lease off Virginia in 2010 lies within recent NASA mission hazard areas.  More »

Hercules Offshore lays off 30 percent of workforce

Offshore driller Hercules Offshore has laid off 30 percent of its workforce since October, company officials said on a conference call with analysts Thursday.  More »

Columbia Pipeline Partners up in early trading after larger IPO

Shares of CPPL were up by about 19 percent hours after trading began on Friday.  More »

BP urges judges to remove head of oil spill settlement fund

It’s the oil giant’s latest legal effort to limit its losses from the nation’s worst offshore oil spill.  More »

Anadarko to pull back 2015 spending

Anadarko executives said on a Tuesday call with analysts that capital expenditures would fall in 2015, though they offered few specifics.  More »

Landrieu calls Obama’s offshore drilling plan a ‘gross injustice to Gulf Coast states’

Former Sen. Mary Landrieu, D-La., took aim at the plan in her first statement since losing reelection last December.  More »

Anadarko sees $395 million loss on impairments, costs

Anadarko in all of 2014 grew its sales volume 11 percent by 86,000 barrels of oil equivalent year over year and sold $2.5 billion in assets.  More »

Three oil majors team up on Gulf megaproject

The collaboration reflects the steep technological and financial hurdles to commercially producing oil from 23-million-year-old Paleogene rock more than five miles below the surface of the sea.  More »

Spill trial: BP makes its case for lower pollution fines

BP’s fourth and final witness, Robert Cox, a practicing physician and toxicologist at the University of Mississippi Medical School, said he found the oil spill and the efforts to clean it up left no significant adverse human health impacts or threats to public health, based on his analysis of exhaustive state and federal data.  More »

Helicopter company opens Houston office to serve offshore workers

About 80 helicopters from Sikorsky’s S-76 model line are operating in the Gulf of Mexico, along with 50 in its S-92 line.  More »

Video: Anadarko turns massive Gulf spar into marine habitat

Anadarko Petroleum Corp. has turned a 7,200-ton cell spar hull into a dark cave-like habitat for fish, sea anemones and other deep-sea creatures 200 miles off the coast of Louisiana.  More »

Hercules Offshore to lay down five more Gulf rigs

Hercules has already cold-stacked four of the rigs this month and a fifth is scheduled to end its contract in March.  More »

U.S. witness: Spill response removed far less crude than BP expert estimates

A retired Coast Guard official testified Wednesday the massive oil spill response BP managed out of Houston in 2010 fell short of typical efforts to remove crude from the ocean.  More »
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