The coastal region of the Gulf of Mexico (GOM) — historically America’s energy breadbasket — is subject to $350 billion of cumulative economic losses due to environmental degradation, particularly that caused by climate change, according to a new report sponsored by Entergy Corp., which counts the region as part of its backyard for operations.
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Articles from Mexico
McMoRan: ‘Multi-Tcf’ Potential in Shallow GOM
McMoRan Exploration Co., which has built a sizable natural gas-weighted portfolio in the shallow waters of the Gulf of Mexico — and with it sizable drilling costs — saw its share price fall by double digits early last week after reporting a net loss in 3Q2010 of $25.3 million (minus 26 cents/share). Revenue in the latest quarter fell almost 13% from a year ago to $94.8 million.
Report: Energy Bears Brunt of Risk in Gulf Region
The coastal region of the Gulf of Mexico — historically America’s energy breadbasket — is subject to $350 billion of cumulative economic losses due to environmental degradation, particularly that caused by climate change, according to a new report sponsored by Entergy Corp., which counts the region as part of its backyard for operations.
McMoRan Sees ‘Multi-Tcf’ Potential in Shallow GOM
McMoRan Exploration Co., which has built a sizable natural gas-weighted portfolio in the shallow waters of the Gulf of Mexico — and with it sizable drilling costs — saw its share price fall by double digits on Monday after reporting a net loss in 3Q2010 of $25.3 million (minus 26 cents/share). Revenue in the latest quarter fell almost 13% from a year ago to $94.8 million.
Offshore Drilling Recovery May Take Longer Than Expected
The timing and magnitude of the U.S. Gulf of Mexico (GOM) drilling recovery will be more “asset-specific” than any cyclical offshore drilling upswing in decades, the energy team at Raymond James & Associates said last week.
Offshore Drilling Recovery May Take Longer Than Expected
The timing and magnitude of the U.S. Gulf of Mexico (GOM) drilling recovery will be more “asset-specific” than any cyclical offshore drilling upswing in decades, the energy team at Raymond James & Associates said Monday.
BP Pledges Gulf Assets as Spill Fund Collateral
BP plc on Friday pledged a bundle of its U.S. Gulf of Mexico assets as collateral for the $20 billion Deepwater Horizon Oil Spill Trust, which was set up to pay for disaster claims.
McMoRan Gambles on Shallow Water Gas
McMoRan Exploration Co. is nearly doubling the size of its portfolio in the shallow waters of the Gulf of Mexico (GOM) by taking on the stakes held by partner Plains Exploration & Production Co. (PXP) in a transaction estimated to be worth more than $800 million.
McMoRan to Double Holdings in Shallow Water Gulf of Mexico
McMoRan Exploration Co. is nearly doubling the size of its portfolio in the shallow waters of the Gulf of Mexico (GOM) in a transaction with Plains Exploration & Production Co. (PXP) estimated to be worth more than $800 million.
DOJ Asks Court for Special Track in BP Lawsuit
The Department of Justice (DOJ) has signaled that it may file a lawsuit against BP plc and other companies for civil violations involving the oil spill in the Gulf of Mexico.