Mexico will delay its next offshore oilfield auctions by a month, giving international bidders more time to evaluate recent major crude discoveries that highlight the potential value of the assets.
The discovery of a new 1billion barrel field in the Gulf of Mexico caused a ripple in the oil sector yesterday.
Anyone who has wondered what lurks towards the bottom of an oil rig’s jacket may now have an answer.
Tropical Storm Cindy has halted service at a major oil terminal in the Gulf of Mexico, prompted some evacuations at rigs and platforms and put states from Texas to Florida on notice for flooding rains.
Noble Corporation has been awarded new contracts for one of its drillships in the Gulf of Mexico and Suriname.
Energy XXI Gulf Coast has spud its first development well of the year at the West Delta 30 field in the Gulf of Mexico.
After the 2010 Gulf oil spill, the Obama administration broke the scandal-plagued federal agency that policed offshore drilling into separate bureaus.
Norway’s DOF Subsea has announced the extension of the contract for one of its multi-purpose offshore support vessels working in the Gulf of Mexico.
US supermajor Chevron has awarded a contract for its Tigris and Anchor developments in the Gulf of Mexico.
Hurricane Rita destroyed an oil and gas well about 75 miles off Louisiana in 2005, but when Prime Natural Resources sought to recover damages from its insurance company, it was rebuffed.
Oceaneering will use its new Ocean Evolution vessel to carry out flowline installation work in the US Gulf of Mexico for Shell.
Two major reports, one for the American Petroleum Instutite, the other by the International Marine Contractors Association, warn that planned re-inforcement of the US’s infamous Jones Act by the Customs and Border Protection Agency (CBP) will damage the US Gulf of Mexico offshore oil & gas industry, especially deepwater.
ExxonMobil and Sabic have picked a site in Texas for a new petrochemical complex on the US Gulf Coast.
The supermajors are signalling the oil industry's return to the Gulf of Mexico's deep waters.
Shell has decided to move ahead a Gulf of Mexico deepwater project with a break-even price below $40 per barrel.
Wood Group PSN has been ordered to pay out $9.5million for false reporting of safety inspections and clean water act violations that led to an explosion in the Gulf of Mexico.
Energy logistics firm Peterson will support the development of a 500-acre deep water staging port that will serve the Gulf of Mexico.
BHP Billiton today agreed to pay its $2.2billion share of the Mad Dog Phase 2 development in the Gulf of Mexico.
The US Coast Guard has published pictures of an operation to put out a blaze on a platform in the Gulf of Mexico yesterday.
Statoil is mulling whether to pull the plug on its exploration activities in the Gulf of Mexico, a media report said.
The US Coast Guard is responding to a reported blaze on a rig in the Gulf of Mexico, a news report said.
Shell’s midstream subsidiary said today that it had snapped up interests in three pipelines in the Gulf of Mexico.
BHP Billiton has won a contest to partner with Pemex in a joint oil venture to develop a deepwater field in untapped Gulf waters.
Tokyo-based Mitsui & Co has agreed to buy a 20% interest in two of Shell’s assets in the Gulf of Mexico. The Kaikias and Circius assets lie about 100 kilometres south-east of New Orleans and are thought to contain recoverable resources of 100million barrels of oil. The value of the deal was not disclosed.
BP has sanctioned phase two of its Mad Dog project in the Gulf of Mexico after more than halving costs.