Tag: gulf of mexico

ConocoPhillips announces $15.8 billion capital budget

ConocoPhillips will funnel $15.8 billion into its capital spending program next year, largely targeting growth in North America and shale regions, the company announced Friday.  More »

Chevron grows capital budget for 2013

Chevron announced a $36.7 billion capital budget for 2013, focused on expanding its oil and natural gas exploration and production activity, while allocating fewer dollars to its downstream arm.  More »

BP plans to increase its Gulf of Mexico presence by 40 percent by 2014

After a year of paring down its asset portfolio and maneuvering its way through litigation threats, BP has a plan for growing its business by focusing on deepwater oil and gas exploration, where it plans to increase its rig fleet by 40 percent by 2014, company executives told investors at a Monday meeting.  More »

Drilling industry fears ‘ripple effect’ from BP suspension

The Obama administration decision to block BP from new government contracts and offshore energy leases could ripple across the Gulf of Mexico, hurting drilling contractors throughout the region, industry groups charged Friday.  More »

Commitment to Gulf affirmed

No one expects Wednesday’s sale of drilling rights in the western Gulf of Mexico to break any records. But for the offshore drilling industry, that may be a good thing. Analysts noted that a less-than-stellar auction could be evidence that industry is confident that future sales will take place on a predictable schedule.  More »

Noble Energy announces discovery in deepwater Gulf

News of Noble Energy’s deepwater Gulf of Mexico oil find came amid disappointing reservoir results from its exploration well in the Falkland Islands.  More »

Houston’s Black Elk Energy had history of violations before fatal fire

Before last week’s fatal fire at one of Black Elk Energy’s oil production platforms, the five-year-old firm had racked up more than 300 documented mistakes and violations offshore, according to federal regulators who cracked down on the Houston-based company Wednesday.  More »

Federal investigators subpoena Black Elk records

Federal investigators today issued a broad subpoena to Black Elk Energy in connection with the lethal fire Friday on one of the company’s oil platforms in the Gulf of Mexico.  More »

Energy safety bureau inspectors interviewing witnesses on Black Elk platform

Offshore oil and gas regulators are investigating what went wrong on board one of Black Elk Energy’s production platforms in the Gulf of Mexico when it exploded on Friday, seriously injuring four workers, killing another and leaving one more missing.  More »

Drilling permits up as Gulf trends toward bigger, deeper facilities

A new analysis by Quest Offshore concludes government approvals of drilling permits is back to pre-Macondo levels, but the activity is tied to a surge in wells at existing facilities, not wildcats.  More »

Seawater gives new life to oil wells in Gulf

Deep-water drillers are pushing the boundaries of modern technology to help revive the Gulf of Mexico as one of the world’s most prolific oil producers.  More »

Oil industry asset deals surge in third quarter

Asset deal value in the energy sector more than doubled in the third quarter, as companies jostled for oil and liquids-rich acres, according to a PwC report.  More »

Feds offer details on western Gulf lease sale

The Obama administration today rolled out more details on its Nov. 28 auction of drilling rights in the western Gulf of Mexico, when oil and gas companies will have a chance to snap up more than 20 million acres.  More »

$69 million paid out in BP oil spill claims

Payouts to businesses and individuals who say the suffered economic losses related to the 2010 Gulf of Mexico oil spill have been made in about 3 percent of the claims, according to court documents filed Friday.  More »

Apache brings Gulf back online, hits record production

More than a month after Hurricane Isaac left the Gulf of Mexico Apache Corp. said Wednesday it had finally brought all of its production facilities there back online.  More »
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