Drilling

Mexico's First Independent E&P Secures $525M in Private Investments

Mexico's first independent exploration and production (E&P) company is securing its initial $525 million in funding with the help of private equity (PE) investors, including two big U.S. firms. Read More

Huge Benefits Projected for East Coast States With Atlantic OCS Drilling

Offshore oil and natural gas drilling in two offshore areas along the Atlantic seaboard could add $10.8 billion to $60 billion in value, and $2.1 billion to $11.6 billion in additional tax revenue for states along the East Coast, according to a report released Wednesday and funded by several right-leaning organizations. Read More

DOE Expands Initiatives to Support U.S. Manufacturing, Energy Productivity

In its continuing effort to support President Obama’s goal of doubling energy productivity by 2030, the Department of Energy said... Read More

Treasury Sanctions Threaten ExxonMobil, Rosneft Projects

Sanctions imposed on Friday by the Obama administration threaten to choke billions in joint development agreements between Russia's OAO Rosneft to drill for Arctic and unconventional oil and gas with ExxonMobil Corp. Read More

Canada's NEB Gives Would-Be Offshore Drillers a Break

Arctic gas and oil hunters have been spared having to conduct environmental assessments twice on their plans to return to Canadian waters of the Beaufort Sea. Read More

Shell Ramps Up Second '14 GOM Deepwater Discovery

Shell Oil Co. has begun producing from the Cardamom deepwater discovery in the Gulf of Mexico (GOM), its second subsea startup this year. Read More

Facing Potential Heavy Penalties, BP Will Appeal Judge’s Finding of Gross Negligence

BP plc said Thursday it would appeal a U.S. district court ruling that found it grossly negligent for the April 2010 Macondo well blowout... Read More

Halliburton Clinches $1.1B Settlement With Macondo Plaintiffs

Halliburton Co. has reached a tentative $1.1 billion settlement with a majority of plaintiffs involved in the 2010 Macondo well blowout in the Gulf of Mexico. Read More

Land Management Overlooked in Oil, Gas Production Rush, Report Says

Oil and natural gas exploration and production (E&P) companies are not maximizing the value of their growing land organization as they rush into the shale production boom, a study by PricewaterhouseCoopers LLP (PwC) has concluded. Read More

Shell Revises Chukchi Sea Plan, Could Return Next Summer

Royal Dutch Shell plc on Thursday filed revisions to its previously approved Chukchi Sea Exploration Plan with the Bureau of Ocean Energy Management (BOEM). The company could return to Arctic exploration next year. Read More