Gulf of Mexico | Egypt Oil & Gas - Part 4
New Federal Regulations Stifle Gulf of Mexico Drilling
Louisiana lawmakers testified recently that new federal drilling safety regulations will severally raise costs and reduce competitiveness, NOLA Media
Mexico’s Pemex Unlikely to Meet Production Targets
Petróleos Mexicanos, commonly known as Pemex, is unlikely to meet production goals for this year, The Wall Street Journal Bill Introduced to Open Up Additional Gulf of Mexico Area to Drilling
The US Senate voted on a bill to allow additional oil drilling off the Florida coast, lifting a former moratorium on drilling within 50 miles of the coast, reported ABC News.
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.
