The sale of a stake in Mexico’s giant Zama oil field promised to help Premier Oil pay down debts and strengthen its balance sheet, but an ownership conflict is complicating that process.
The Deepwater Horizon oil spill may have been even larger than previously thought, research suggests.
Subsea 7 today announced the award of a contract with Chevron in the Gulf of Mexico.
Chevron will move forward with the massive Anchor project in the deepwater Gulf of Mexico that carries an initial development cost of $5.7 billion.
The U.S. Gulf of Mexico is expected to set another oil production record in 2020 with most of the growth coming from deepwater projects, according to a new study.
A dispute between Halliburton and its insurer over its $1.1bn (£855m) Deepwater Horizon oil spill payments will be presided over by the UK’s highest court today.
The U.S. has forfeited some $18 billion tied to oil and gas production in the Gulf of Mexico since 2000 because of a decades-old law that gave energy companies a break on paying royalties when drilling in deep waters, federal investigators concluded Thursday.
Aberdeen-headquartered EnerMech has appointed a new Americas chief as it seeks to double headcount and turnover in the region.
BP is facing a charge of between $2bn and $3bn (£2.3bn) in the third quarter as its divestment programme will conclude sooner than expected.
Talos Energy has struck deals with BP and ExxonMobil covering new exploration opportunities in the US Gulf of Mexico.
Shell has selected TechnipFMC to provide subsea equipment for its PowerNap project in the US Gulf of Mexico.
Shell has made a final investment decision (FID) for the PowerNap deep-water project in the US Gulf of Mexico.
Shell has completed the sale of a 22.45% non-operated interest in the Caesar-Tonga asset in the US Gulf of Mexico to Equinor.
Oil and gas activity is beginning to return to the Gulf of Mexico this week after Hurricane Barry swept through the region and up into Louisiana.
The top Big Oil operators in the Gulf of Mexico said Tuesday they are evacuating workers from most of their deepwater platforms in response to this hurricane season's first looming disturbance in the area.
Two workers were killed and another seriously injured during a training exercise gone wrong at Royal Dutch Shell's Auger platform in the deepwater Gulf of Mexico.
Premier Oil said today that the resource estimate for the Zama field offshore Mexico had been raised "significantly" following the drilling of appraisal wells.
Deepwater and tight oil are two of the upstream sector’s great growth themes, but are often considered to be at opposite ends of the development spectrum.
Authorities in the US are investigating a fatality and a missing person case after workers fell from two separate platforms in the Gulf of Mexico last week.
An American football team has lost a legal fight against BP for damages following the 2010 Deepwater Horizon oil spill.
A north-east firm has secured two of its biggest ever contracts as it continues to flourish following the oil and gas downturn.
The US Gulf of Mexico is making a comeback this year.
It is a widely held view that the implementation of innovative new technologies will be critical to the future sustainability of mature offshore basins such as the North Sea and the US Gulf of Mexico as they compete for investment alongside other more cost competitive regions and energy sources.
BP has approved another expansion to one of the largest oil fields in the US Gulf of Mexico.
Deep-water Gulf of Mexico has always been about making the impossible possible, according to Rick Tallant, Shell’s vice-president of production for the region.