Transocean said Monday it would fight an injunction from a Brazilian court that could halt the company’s offshore operations there, which has accounted for 11 percent of its revenues in recent periods. More »
U.S. oil production is forecast to grow by 74 percent over the next 10 years, fed by a boom in harvesting crude from dense rock formations across the country, according to a new analysis released today. More »
The University of Houston Law Center said it will help look for ways that oil companies from the United States and Pemex in Mexico can work together to drill for oil and gas in the Gulf of Mexico. More »
Republican Gulf Coast governors and leaders on Capitol Hill have battled the Obama administration’s plans to hold 12 auctions of Gulf of Mexico drilling rights over the next five years, with some insisting that there should be many more. More »
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