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gulf of mexico

(AP file photo/Pat Sullivan)

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.
Chevron hired an investment banker to gauge buyer interest in its Hawaiian operations.
(AP Photo/Lynne Sladky)

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.
Bernard Looney, BP's executive vice president of development, spoke at the Offshore Technology Conference in Houston Monday.

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.
(Bureau of Safety and Environmental Enforcement)

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.
Photo: Timothy A. Clary/AFP/Getty Images

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.
(Image: Fotolia)

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.
Gulf Rig Fire

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.

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.
James Watson, director of the Bureau of Safety and Environmental Enforcement, speaks at the Offshore Technology Conference in Houston. (The Houston Chronicle)

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.
(AP Photo/Gerald Herbert, File)

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.