Handful of long-term projects will start production before year's end
Renewed development of the Gulf of Mexico's energy riches continues apace, though another deadly accident Thursday serves as a reminder of the inherent dangers of drilling in the sea.
1 dead, 3 injured in Gulf platform explosion
HOUSTON -- An explosion on an oil platform in the Gulf of Mexico led to the death of one worker and three relatively minor injuries, federal regulators reported late last night.
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.