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GULF OF MEXICO DRILLING
President Joe Biden to ban new oil drilling over vast areas of US Atlantic, Pacific watersPresident Joe Biden will ban new offshore oil and gas development across 625 million acres of U.S. coastal territory. The ban will cover st...
Biden calls for up to three oil and gas lease sales in the Gulf of Mexico, disappointing all sidesThe Biden administration has proposed up to three oil and gas lease sales in the Gulf of Mexico, while excluding Alaska, as it tries to bal...
Hurricane shut-ins curb 82% oil, 59% natural gas output in US Gulf of MexicoUS Gulf of Mexico offshore wells account for 17% of total US crude oil production and 5% of total US natural gas production.
- Spill no reason to halt deep sea drilling: BP chairman
Svanberg stressed that the spill was "an accident that should never have happened," but insisted that continued exploration and production ...
- US sues BP and others over Gulf oil spill
The US alleged violations of federal safety and operational regulations which caused or contributed to the oil spill that began on Apr 20 a...
- Shell sells stakes in 6 Gulf of Mexico oil fields
Royal Dutch Shell says it is selling its interest in six oil fields in the Gulf of Mexico for $450 million.
- BP oil spill costs hit $9.5 billion
British oil giant BP has said the Gulf of Mexico oil spill disaster has cost it about 9.5 billion dollars (7.3 billions euros) so far.
- Gulf oil well on verge of being plugged for good
After five long months, the broken well that spewed thousands of gallons of oil into the Gulf of Mexico is on the verge of being plugged on...
- BP well kill delayed until second week of September
BP aims to permanently seal the ruptured Gulf of Mexico oil well in the second week of September, US official said, as pressure concerns fu...
- BP to set aside $100 million for unemployed rig workers
The moratorium, due to be lifted in Nov, has idled dozens of rigs in Gulf and cos are moving vessels to work in other parts of the world. T...
- Gulf of Mexico oil spill may claim 17,000 jobs this year
The devastating oil spill in the Gulf of Mexico is likely to cause a whopping 17,000 job losses in the nearby coastal states, impacting emp...
BP says $2 billion spent on oil spillBP has spent about $2 billion in its response to the massive oil spill in the Gulf of Mexico.
BP starts burning oil from leaking ruptured wellBP began burning oil siphoned from a ruptured well in the Gulf of Mexico.
- Gulf oil spill costs reach $1.6 bln
British energy group BP said Monday that its costs of sorting out the Gulf of Mexico oil spill had risen to about 1.6 billion dollars (1.3 ...
- US will end cozy ties with oil drillers: Obama
Barack Obama says he will end a cozy relationship between federal regulators and drilling companies.
- More oil production taken of line ahead of Gustav
Energy companies have shut down more offshore production platforms as Gustav regained full hurricane force and neared the Gulf of Mexico.
- 47 companies bid on US Gulf offshore oil leases
Dozens of energy companies bid to explore almost 2 million acres (810,000 hectares) of the western Gulf of Mexico for oil and natural gas, ...