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Gulf of Mexico

Juan Carlos Zepeda

Mexico auctions oil blocks to increase production but failed to attract giant international companies

Mexico kicked out foreign companies 77 years ago, but just last Wednesday the tables seem to turn as its government auctioned 14 exploration blocks to attract international energy companies, which will hopefully redeem the country's dwindling production.

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Royal Dutch Shell

Shell to pay out $83 million to settle Nigeria oil spill claims

Royal Dutch Shell will pay out 55 million pounds ($83.4 million) in compensation for two oil spills in Nigeria in 2008 after agreeing a settlement with the affected community.

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BP Plc

BP to spend $1 billion on hundreds of job cuts, restructuring

BP will cut hundreds of jobs across its global oil and gas business by the end of next year in a $1 billion restructuring program announced on Wednesday following steep falls in oil prices.

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Chevron logo

EnLink buys Henry Hub and other Louisiana gas pipelines from Chevron

EnLink Midstream (ENLK.N) (ENLC.N) said on Monday it had signed a $235 million deal with Chevron Corp (CVX.N) to buy natural gas pipelines in Southern Louisiana, including those linked to the Henry Hub supply point that sets U.S. futures prices.

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SandRidge Energy Inc

Fieldwood shells out $750M to acquire Sandridge unit in Gulf Coast

Houston, US-based firm Fieldwood Energy LLC, a portfolio company of Riverstone Holdings LLC, bought the Gulf Coast unit of Oklahoma-based firm SandRidge Energy Inc in a deal valued at $750 million.

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Tidewater Inc

Tidewater invests USD30 million to launch subsea operations in Gulf of Mexico

New Orleans-based offshore service vessels provider Tidewater Inc is investing USD30 million to start its subsea operations business, Tidewater Subsea, located in the Gulf of Mexico.

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Devon Energy Corp

Devon buys out GeoSouthern Energy Corp. for USD6 billion

Petroleum company Devon Energy Corp. was nearing a deal to takeover Texas-based GeoSouthern Energy Corp. for USD6 billion. This would be Devon's second large transaction in less than a month.

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Cobalt International Energy Inc.

Cobalt fails to find oil in Gulf of Mexico well

Cobalt announced failure in Gulf of Mexico oil exploration site.

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Natural Gas

Natural gas firms expand for less costly consumer energy

According to past reports, natural gas companies planned on expanding their operations in the Gulf region.

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Gulf of Mexico

Gulf natural gas unit explodes

A natural gas well exploded in the Gulf of Mexico today.

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