A Houston oil and gas company must pay to settle government charges alleging it illegally dumped oil and chemicals into the Gulf of Mexico.
Offshore oil driller Ocean Rig Partners has filed for a $305 million initial public offering as it anticipates four next-generation deep-water drillships to be assembled over the next three years. More »
A new poll shows that support for Arctic drilling is high in states where there are close Senate races. More »
The project could eventually lead to peak production of 135,000 barrels of oil per day for a joint venture including ConocoPhillips and Shell. More »
he federal agency in charge of regulating offshore drilling doesn’t have standardized procedures for reviewing permits and has not finished establishing an electronic program designed to streamline the process, according to government audit. More »
North Carolina, South Carolina and Virginia could rake in billions if the Interior Department opens up auctions on leases along the Atlantic Coast, according to the study. More »
More details came to light Tuesday on Shell’s plans for exploratory oil drilling in the Chukchi Sea north of Alaska, as federal regulators released a copy of the company’s broad Arctic drilling blueprint.
Guest commentary: There is still time for the industry to take back control of the online narrative before activists chip away at the 68 percent of Americans who currently support offshore oil and gas drilling.
The Obama administration is closer than ever to imposing the first minimum standards for oil and gas activity in U.S. Arctic waters, as Shell pursues permits that could allow it to resume drilling in the region next year. More »
With oil companies boring wells and building offshore facilities in ever-deeper waters, federal regulators on Friday moved to update decades-old requirements to ensure they have enough money to dismantle the equipment once crude stops flowing. More »
Oil development in Atlantic waters from Africa to Canada should encourage the Obama administration to sell drilling leases in waters hugging the East Coast, a leading industry trade group said Wednesday. More »
The failure of a bolt used to affix emergency equipment to a subsea well in the Gulf of Mexico should spur the oil industry to write new standards for fasteners and the oversight of contractors working offshore, investigators say. More »