The plethora of natural gas and oil being tapped in the U.S. onshore is giving big explorers a steady stream of cash to bet on that most unpredictable — and expensive — endeavor, deepwater drilling.
Deepwater
Articles from Deepwater
NGI The Weekly Gas Market Report
GOM Auction Draws Fewer, but Well Financed, Seasoned Operators
More than 40 producers offered 383 bids with high bids totaling $850.8 million to secure leaseholds in the Central and Western Gulf of Mexico (GOM), mostly for deepwater prospects, the Bureau of Ocean Energy Management said Wednesday. However, there were no bids in the Eastern GOM auction, the first in eight years.
Global Natural Gas, Oil Competition? Bring it On, Says ExxonMobil Chief
North America one day soon may be able to supply internal natural gas and oil demand, but that’s no reason to ignore the value of international trade, ExxonMobil Corp. CEO Rex Tillerson said Wednesday.
Deepwater Mars B Platform Designed to Extend Production to 2050 and Beyond
Royal Dutch Shell plc has ramped up production from the second Mars platform in the deepwater Gulf of Mexico (GOM), the company’s seventh and largest floating platform in the U.S. offshore.
BP’s Macondo Supervisors Denied Bid to Drop Involuntary Manslaughter Charges
Two BP plc employees seeking to have involuntary manslaughter charges related to the Macondo well blowout were denied their motions by a Louisiana court on Monday.
Expanded PE Funding to Target More Deepwater GOM Projects
Upstream investor Ridgewood Energy Corp., which last year threw the dice with a big investment in the deepwater Gulf of Mexico (GOM), has put together another $1.1 billion in commitments to pour even more into offshore exploration.
Manslaughter Charges Dismissed Against BP Supervisors; Still Face Involuntary Charges
Half of the manslaughter charges against two former BP plc supervisors related to the deaths of 11 men on the Deepwater Horizon rig when the Macondo well blew in April 2010 were dismissed Tuesday.
BP GOM Deepwater Rig Count Tops Record
BP plc now has nine rigs operating in the deepwater Gulf of Mexico (GOM) — a record high — to ramp up development in the Thunder Horse field and from the Mad Dog platform.
Phase Two of BP Trial Underway
The second phase of the multi-district litigation (MDL) against BP plc concerning the Macondo well blowout got underway Monday in New Orleans, with lawyers battling it over the amount of oil spilled into the Gulf of Mexico for 87 days beginning April 20, 2010.
Halliburton Employee Charged with Destroying Macondo Evidence
A former Halliburton Co. manager was charged by the U.S. Department of Justice (DOJ) on Thursday with destroying evidence linked to the Macondo well blowout in 2010.