BP is Back: Oil Giant Lands First Drilling Permit For US Gulf Post Spill

By Ryan Tracy And Angel Gonzalez, The Wall Street Journal WASHINGTON—BP PLC on Wednesday got permission to drill its first well in the Gulf of Mexico since the company's massive oil spill there last year. The decision was expected after the U.S. Interior Department approved the company's broader plan for four exploratory wells in the Gulf late last week. It … [Read more...]

Chevron CEO: Backlog of offshore drilling permits is slowing US economy, offers solution…

WASHINGTON (Dow Jones)--The chairman and chief executive of Chevron Corp. (CVX) said Wednesday that the U.S. offshore drilling regulator needs more funding to handle permit reviews. John Watson, speaking in Washington as lawmakers enter a season ripe with budget debates, rejected the idea that regulators were "trying to slow walk" offshore oil and gas permitting under the … [Read more...]

The Bureau gives Shell a green light to drill in Gulf of Mexico

Mars Tensioned-Leg Platform (TLP), Image by Garve Scott-Lodge  HOUSTON (Dow Jones)--Royal Dutch Shell (RDSA) said Thursday it has received approval from federal regulators to drill a new well at its Gulf of Mexico Europa field. The permit will allow Shell, one of the largest producers in the Gulf, to return all of its five contracted drilling rigs to work, a company … [Read more...]

Buckskin prospect gets U.S. deepwater drilling permit

Maersk Oil is participating in a new deepwater well in the U.S. Gulf of Mexico after operator Chevron received a drilling permit from the Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE). The permit marks the restart of the drilling campaigns Maersk Oil has been a part of in the U.S. Gulf of Mexico after deepwater activities were suspended last … [Read more...]

US approves Shell plan to drill in deep-water Gulf of Mexico

WASHINGTON—The U.S. on Wednesday approved a Royal Dutch Shell PLC plan to drill for oil in five locations deep under the Gulf of Mexico. The Shell plan is the second deep-water exploration plan approved in the Gulf since the government lifted a moratorium on deep-water drilling last October following the BP PLCoil spill. At least six other plans for deep-water … [Read more...]