Sunday 19 August 2018
 
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Gulf of Mexico

McDermott secures Shell's Gulf of Mexico project

McDermott International, a leading engineering, procurement, construction and installation company, has won a contract from Shell Exploration and Production Company, a subsidiary of Royal Dutch Shell (Shell), for subsea umbilical and flowline in

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Fire breaks out on tanker in Gulf of Mexico

A fire broke out on an oil tanker of Mexican state oil company Pemex in the Gulf of Mexico on Saturday, forcing all the crew to be evacuated in the latest accident to plague the struggling firm. The blaze on the tanker "Burgo

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Payout from BP oil spill settlement tops $5 billion

The administrator overseeing a BP Plc fund to compensate people and businesses claiming they were harmed by the 2010 Gulf of Mexico oil spill said on Wednesday more than $5 billion has been paid out. A total of $5.037 billion has

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Payout from BP oil spill settlement tops $5 billion

The administrator overseeing a BP Plc fund to compensate people and businesses claiming they were harmed by the 2010 Gulf of Mexico oil spill said on Wednesday more than $5 billion has been paid out. A total of $5.037 billion has

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BP flags Gulf of Mexico find, $1bn Brazil writedown

Oil company BP has announced a major oil discovery at its Gila prospect in the deepwater US Gulf of Mexico on Wednesday along with a $1.08 billion writedown on a failed exploration well offshore Brazil. "The Gila discovery is

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BP may delay $10bn Gulf of Mexico project

BP is reviewing its biggest new oil project in the Gulf of Mexico, due to rising development costs across the industry, and could delay the $10 billion scheme. British oil major BP said on Friday that rising costs made the current

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BP reaches $7.8bn deal over oil spill

BP has reached an estimated $7.8 billion deal with plaintiffs suing over the massive 2010 Gulf of Mexico oil spill, the company said on Friday, but the oil giant still faces claims by the US government, Gulf states and drilling partners. U

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Brent above $113 on low US stocks forecast

Brent crude rose above $113 a barrel for the second consecutive day on Wednesday on expectations of lower US crude stockpiles after a storm disrupted production in the Gulf of Mexico. A Reuters poll ahead of the weekly inventory report fro

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BP sues Transocean for $40bn over oil spill

On the first anniversary of the Gulf of Mexico oil spill, BP sued Transocean, seeking at least $40 billion in damages and other costs from the owner of the Deepwater Horizon rig. London-based BP also sued Cameron International Corp  f

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BP to seal Gulf of Mexico well today

BP said on Friday that its ruptured Gulf of Mexico well that caused the world's worst marine oil spill will be permanently sealed on Saturday. The oil company's relief well intersected the blown-out Macondo well on Thursday, and on Friday

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