Gulf of Mexico | Egypt Oil & Gas - Part 3

BP to Pay Investors $175m Over Deepwater Horizon Oil Spill

BP has agreed to pay $175m to settle claims that it deceived shareholders by underplaying the severity of the 2010 Gulf of Mexico oil spill. Their claim was based on the allegation that BP publicly “lowballed” the am ...

Shell Spills Nearly 2,100 Barrels of Oil into Gulf of Mexico

An oil spill from Royal Dutch Shell’s offshore Brutus platform has released 2,100 barrels of crude oil (88,200 gallons) into the US Gulf of Mexico.

Australian Entek Energy Exits Gulf of Mexico

Australian Entek Energy has entered into an agreement with Houston-based Peregrine Oil & Gas to sell the company’s entire Gulf of Mexico portfolio for almost $3m as market conditions continue to take their toll.

BP to Pay $20b in Environmental Damage Over 2010 Oil Spill

In the largest environmental settlement in the US history, oil and gas giant BP will pay over $20b to the American government over damages caused by an rig explosion and oil spill on April 20, 2010 in the Gulf of Mex ...

US to Offer 45m Acres in Exploration Bids in Gulf of Mexico

The US Bureau of Ocean Energy Management (BOEM) announced it would offer approximately 45m acres in the Gulf of Mexico for oil and gas exploration and development in two March lease sales.

Fire on Mexico’s Pemex Platform Kills Three Workers

A fire that broke out on a Pemex offshore Abkatun A Permanente processing platform in Mexico's oil-rich Bay of Campeche killed three workers and injured at least seven more, but the latest in a string of incidents is ...

Fieldwood Energy Signs Deal for Offshore Exploration in Mexico

Fieldwood Energy has signed a production sharing contract with Petrobal for two year offshore appraisal projects at Bay of Campeche in the Gulf of Mexico, which has estimated reserves of 68m barrels of light crude oi ...

Technip Wins Subsea Contract in Gulf of Mexico

Technip has won a lump sum contract by Deep Gulf Energy II to develop the Odd Job field in the ultra deepwater field in the Gulf of Mexico.

BP Faces Class Action Lawsuit in Mexico over Horizon Oil Spill

Sinaloa Class Actions (ACSinaloa), a Mexican non-governmental organization of lawyers specializing in environmental disasters, has filed a class action lawsuit against BP in Mexico over the 2010 Deepwater Horizon oil ...

Shell Adds Ultra Deep Water Facility to Gulf of Mexico

Royal Dutch Shell’s newest oil-production vessel, named the Turritella, set sail from Singapore this week for the world’s deepest underwater oil field, located in the Gulf of Mexico

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