Gulf of Mexico | Egypt Oil & Gas - Part 4
BP Withdraws Appeal on Gulf of Mexico Oil Spill Payments
BP has withdrawn its legal appeal against a range of payments made to compensate individuals and businesses affected by the 2010 Gulf of Mexico oil spill, reports PennEnergy. In a 2012 settlement, BP was ordered to pa...
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 reported. The new regulations have been set by the US Federal gover...
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 reported. The company has faced major obstacles over the past year as the Mexican government op... 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. The old rules, in place since 2007, prohib...
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. The dilemma underscores ...
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. U.S. District Judge Susie Morgan...
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 matter... BP Shares Down After Supreme Court Denies Oil Spill Appeal
BP (BP – Get Report) 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 w... 
