(Bloomberg) — BP Plc, whose Macondo blowout in the Gulf of Mexico caused the biggest offshore oil spill in U.S. history, is drilling the first producing wells at the region’s Atlantis field since a...

(Bloomberg) — ATP Oil & Gas Corp., the Gulf of Mexico oil producer that filed for bankruptcy last week, was given preliminary approval by a judge for $618 million in...

ATP Oil & Gas Corp. (ATPG) filed for Chapter 11 bankruptcy protection Friday, hit by the rising costs associated with its deep-water drilling projects in the Gulf of Mexico. The...

BHP Billiton Petroleum announced today that it is the first company in the deepwater Gulf of Mexico to bring a newly drilled well into production since the moratorium was enacted...

Jim Adams, president and CEO of the Offshore Marine Service Association (OMSA), said that BOEMER’s late day announcement that it has issued an additional permit for deepwater drilling is misleading....

Though US regulators have decided to allow a second deepwater Gulf of Mexico drilling project, don’t bet on a rush of permits to follow, FBR Capital Markets says. Instead, expect...

WASHINGTON (Dow Jones)–A U.S. official said Wednesday the Interior Department will meet a court-imposed deadline to act on five deepwater drilling permit applications before the end of this month. A...

WASHINGTON (Dow Jones)–U.S. officials have approved the first permit for deepwater drilling since the Deepwater Horizon oil spill, granting Noble Energy Inc. (NBL) a so-called “permit to bypass” for a...

WASHINGTON (Dow Jones)–Republicans in the House of Representatives announced Wednesday a series of public hearings about permits to drill for oil off U.S. shores, their latest effort to pressure the...

WASHINGTON – The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) today notified 13 companies whose deepwater drilling activities were suspended by last year’s deepwater drilling moratorium that they may...

Running 22-inch casing on Discoverer Clear Leader In an early afternoon call today with the media, Secretary of the Interior Ken Salazar and Bureau of Ocean Energy Management director Michael...

There are rumours flying around about the possible premature lifting of the drilling ban in the Gulf of Mexico. Of the 33 rigs operating in the Gulf of Mexico, the...

The U.S. Department of Interior today has issued yet another moratorium on deepwater drilling on the Outer Continental Shelf (OCS), saying that the suspension is nesessary to ensure adequate safety...

A federal judge in New Orleans, Louisiana, has blocked a six-month federal moratorium on deepwater drilling in the Gulf. Several dozen plaintiffs had sued President Barack Obama’s administration, arguing the...