Drilling

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

E&P Industry Said Generating 9.3 Million U.S. Jobs, 7% of Workforce

The U.S. natural gas and oil industry generates more than 9.3 million permanent jobs, or nearly 7% of the entire workforce, and provides close to $1.2 trillion... Read More

Methane Seeps Discovered in Atlantic Waters From North Carolina to Massachusetts

Methane is leaking from at least 570 locations from a most unexpected place, where the continental shelf meets the deeper Atlantic Ocean, scientists are reporting. Read More

Lawler Brothers Separately to Lead Two Huge U.S. Natural Gas-Heavy Independents

In less than one month, two brothers from one family will be in charge of two of the biggest onshore natural gas producers in the United States. Doug Lawler as... Read More

BP Big Winner in Western GOM Lease Sale

Close to $110 million was submitted in high bids for 81 tracts offshore Texas in Western Gulf of Mexico (GOM) Lease Sale 238 on Wednesday, with most of the attention directed to the transboundary area of the U.S.-Mexico border and for Alaminos Canyon in the Lower Tertiary Trend. Read More

Mexico Energy Reform Opportunities Begin to Take Shape

In ongoing energy reform, Mexico state-owned oil company Petroleos Mexicanos (Pemex) will hold on to the majority of its currently producing oil fields, but in the months ahead, bids will be taken from parties that want to participate in the development of reserves in four packages outlined by Pemex. Read More

Trade Groups to BOEM: Open More of Offshore to Drilling

Eleven oil and gas trade associations have signed a letter urging the Interior Department's Bureau of Ocean Energy Management (BOEM) to make new areas of the Atlantic and Pacific oceans, as well as the eastern Gulf of Mexico (GOM), available for leasing. Read More