gulf of mexico drilling

Blackstone Group LP (BX) has agreed to a multibillion-dollar partnership with one of the largest closely held offshore oil producers in the U.S., in a

(Bloomberg) The Obama administration has issued this year the most deep-water oil-drilling permits for the Gulf of Mexico since 2007 as high crude prices

MEXICO CITY–Mexican state oil monopoly Petroleos Mexicanos, or Pemex, has found a second big crude-oil deposit in the deep waters of the Gulf of Mexico,

(Bloomberg) — Petroleos Mexicanos, the world’s fourth-largest crude producer, found a new ultra-deepwater field with about 200 million barrels of

Secretary of the Interior Ken Salazar and Bureau of Ocean Energy Management (BOEM) Director Tommy P. Beaudreau announced Monday that 38 million unleased

(Bloomberg) — The power of hurricanes to drive up oil prices is diminishing as the proportion of U.S. crude coming from the Gulf of Mexico falls to a

(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

Editor’s Note: While Hurricane Isaac mostly spared Gulf of Mexico oil and gas production, concerns are mounting over the condition of Port Fourchon, LA

BSEE reports that all dynamically positioned drilling rigs in the U.S. Gulf of Mexico moved off location prior to the storm and have been accounted for.

UPDATE: The Bureau of Safety and Environmental Enforcement (BSEE) Hurricane Response Team has reported that approximately 93.28 percent of the current daily

Editor’s NOTE: With Hurricane Issac threatening a direct hit on New Orleans Wednesday, which happens to be the seventh anniversary of Hurricane

(Bloomberg) — BP Plc’s plans to sell almost $8 billion of deep-water oilfields in the Gulf of Mexico is paving the way for the biggest influx of

Update (1:30 pm CDT): Based on data from offshore operator reports submitted as of 11:30 a.m. CDT today, personnel have been evacuated from a total of 189

HOUSTON–U.S. Interior Secretary Ken Salazar said Wednesday that the first lease sale in the central U.S. Gulf of Mexico since the Deepwater Horizon oil

HOUSTON–BP PLC (BP) said Tuesday that it began the start-up process of Galapagos, one of its major oil and gas projects in the deepwater U.S. Gulf of

Maersk Drilling, the oil exploration services unit of Danish industrial conglomerate A.P. Moller-Maersk A/S (MAERSK-B.KO), said Monday it has been awarded a

On today’s Anniversary of the 2010 Deepwater Horizon disaster, NPR has an interesting story looking at a staffing problem facing the offshore oil and gas

Noble Corp.’s (NE) first-quarter profit more than doubled, topping Wall Street expectations as the offshore driller’s contract dayrates increased.

LOS CABOS — The United States and Mexico agreed Monday to work together on oil and gas development in the Gulf of Mexico, paving the way to end a

NEW ORLEANS — The Obama administration today announced that the Department of the Interior’s Bureau of Ocean Energy Management (BOEM) will hold the