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 ...
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.
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 ...
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.
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 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 ...
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 ...
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