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. As the The Guardian wrote, the settlement, to be paid this year or next, end...
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 around 2,100 barrels of crude oil (88,200 gallons) into the US Gulf of Mexico, Global Research reported. The accident occurred near Shell’s G...
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, O...
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 Mexi...
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, RigZone reported. The blocks...
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, Reuters reported. One of the dead wor...
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 oil...
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, Trade Arabia reported. The offshore installation is to be performed in water ... 
