U.S. industry's demand for leasing details has Mexico 'working against the clock'
HOUSTON -- Oil and gas business leaders in this city are expressing excitement with recent changes to Mexico's energy sector and seem eager to get moving on projects. Behind the scenes, however, industry scrutiny may be putting unexpected pressure on the government.
Industry to Interior: 'Overbonding must end'
Oil and gas companies yesterday offered the Interior Department a blueprint to protect taxpayers from the costs of decommissioning offshore platforms without requiring companies to pay excessive bonds.
GULF OF MEXICO:
Foundation provides $100M in spill funds for 25 projects
The National Fish and Wildlife Foundation today announced the next $100 million in awards for environmental projects in the Gulf of Mexico region.
BP asks judge to limit penalty to $12B
BP PLC on Friday asked a federal judge to limit the maximum penalty it could face for the Deepwater Horizon oil spill to about $12 billion.
Judge stands by 'grossly negligent' ruling against BP
A federal judge in New Orleans is standing by his ruling that BP PLC was "grossly negligent" in the 2010 Deepwater Horizon oil spill that killed 11 rig workers and gushed millions of barrels of oil into the Gulf of Mexico.
Deepwater Gulf production will hit peak in 2016, analysts say
Deepwater offshore oil and gas production in the United States will reach a new peak level in two years, analysts at a major consultancy predict in a new report.