Macondo

Anadarko’s U.S. Onshore Delivers Record Output

Boosted by exceptional performance from horizontal drilling programs in the U.S. onshore, and in particular the Wattenberg Field in Colorado, Anadarko Petroleum Corp. broke records for liquids sales volumes in the third quarter. The Wattenberg’s production profile is “essentially straight up,” said an executive.

October 31, 2012

Industry Brief

A trial to determine various parties’ liability for BP plc’s Macondo well blowout in the deepwater Gulf of Mexico in April 2010, which destroyed Transocean Ltd.’s Deepwater Horizon rig and killed 11 men, has been delayed until Feb. 25 from Jan. 14 in New Orleans. U.S. District Judge Carl Barbier cited tourist events — the NFL Super Bowl and the Mardi Gras festival — that would keep New Orleans’ hotels booked. However, Barbier declined to delay a Nov. 8 hearing on a settlement BP reached with the Plaintiff’s Steering Committee, which is composed of private parties (see Daily GPI, March 6). The tentative settlement for $7.8 billion would resolve a “substantial majority of legitimate economic loss and medical claims,” BP said.

October 29, 2012

Bacteria Ate Tons of Macondo Oil, Gas for Months, Say Researchers

Researchers have discovered that in the five months following the devastating April 2010 Macondo well blowout, naturally occurring bacteria that exist in the Gulf of Mexico (GOM) consumed and removed at least 200,000 tons of oil and natural gas that spewed into the deepwater from the ruptured wellhead.

September 13, 2012

BP Accused of ‘Gross Misconduct’ in Macondo Well Blowout

The Department of Justice (DOJ) has filed an objection to BP plc’s $7.8 billion preliminary settlement to resolve court claims following the blowout of the Macondo well in April 2010, saying that it plans to prove “gross negligence or willful misconduct” on the company’s part.

September 6, 2012

BP’s $7.8B Macondo Spill Pact Wins Initial Court OK

BP plc on Wednesday won preliminary approval for an estimated $7.8 billion settlement to resolve more than 100,000 court claims stemming from the Macondo well blowout and oil spill in the Gulf of Mexico in April 2010. The blowout destroyed the Deepwater Horizon rig servicing the well and killed 11 men.

May 4, 2012

Senator Wants Industry to Pay for Federal Fracking Study

The $45 million cost of a proposed study of hydraulic fracturing (fracking) to be performed by the United States Geological Survey (USGS) should be paid by the oil and gas industry, according to Sen. Al Franken (D-MN).

February 29, 2012

Western GOM Lease Sale Scheduled for December

The Bureau of Ocean Energy Management (BOEM) will conduct the first oil and gas lease sale in the Gulf of Mexico (GOM) since the Macondo well blowout in April 2010.

November 14, 2011

Western GOM Lease Sale Slated for December

The Bureau of Ocean Energy Management (BOEM) will conduct the first oil and gas lease sale in the Gulf of Mexico (GOM) since Macondo well blowout in April 2010.

November 11, 2011

Deepwater Leases Extended to Compensate for Moratorium Delays

The Interior Department on Monday extended 1,381 deepwater oil and natural gas drilling leases to compensate for delays caused by the Macondo well blowout and subsequent offshore drilling moratorium.

November 1, 2011

Gulf of Mexico Plunges in Ranks of Attractive Investments

In the wake of the Macondo well blowout in the Gulf of Mexico (GOM), the region has become significantly less attractive for gas and oil investment , according to the Fraser Institute’s Global Petroleum Survey 2011 of energy executives.

July 5, 2011