Gulf of Mexico | Egypt Oil & Gas - Part 4

Gulf of Mexico Drilling Rigs Sit Idle

The Gulf of Mexico and the Caribbean Sea have become a garage for deepwater drillships -- at a cost of about $70,000 a day each. It’s either that or send your precious rig to a scrapyard.

US Judge Refuses to Dismiss Decade-Old Oil Leak Case

A federal judge refused on Tuesday to dismiss a lawsuit that environmental groups filed against a New Orleans-based company responsible for a decade-old oil leak in the Gulf of Mexico.

BP Pays $18.7bn in Gulf Oil Spill Claims

BP Plc reached a record $18.7 billion agreement to settle all federal and state claims from the 2010 Deepwater Horizon oil spill after an abrupt strategy shift in May to re-open talks, three people close to the matte ...

BP Shares Down After Supreme Court Denies Oil Spill Appeal

BP shares are down 2.13% to $40.47 in afternoon trading on Monday after the Supreme Court declined to hear an appeal from oil giant concerning fines that the company will be liable for in the wake of the 2010 Gulf of ...

US Rejects Appeals on 2010 Oil Spill

Justices let stand a lower court ruling that said the owners of the blown-out Macondo well could not avoid federal fines for the spill by blaming another company's failed equipment.

New Oil Fields Discovered in Gulf of Mexico

Mexico's state-run oil and gas company Pemex has announced the discovery of new shallow water oil fields in four locations in the Gulf of Mexico.

Gulf of Mexico Oil Platform Catches Fire, No Injuries Reported

A small offshore oil platform caught fire in shallow water near the coast of Louisiana on Friday and a sheen was seen in the sea after workers were evacuated, officials said.

Decade Old Gulf of Mexico Oil Leak Could Continue for Another Century

A decade-old oil leak where an offshore platform toppled during a hurricane could continue spilling crude into the Gulf of Mexico for a century or more if left unchecked, according to government estimates obtained by ...

Renewed Drilling Plans Near BP Oil Spill Epicenter Spark Concern

Just 3 miles from the catastrophic BP spill in the Gulf of Mexico, a Louisiana company is seeking to unlock the same oil and natural gas that turned into a deadly disaster.

New Technology to Reach Depths of Gulf of Mexico

Baker Hughes may have just solved one of the major problems facing oil and gas development in the Gulf of Mexico.

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