BP pumps oil from new Gulf of Mexico well

BP announced today it has begun pumping oil from a new well in the Gulf of Mexico. The British oil firm which touts itself as the USA’s largest energy investor announced the start-up of a third phase at its Na Kika project. Oil production began on Friday (19 February) with a second well expected to […]

Shell starts oil production in Gulf of Mexico

Shell announced it has begun production from its Mars B development through Olympus – its seventh, and largest, deep-water platform in the Gulf of Mexico. It claims it is the first deepwater project in the Gulf to expand an existing oil and gas field with ‚Äúsignificant new infrastructure‚ÄĚ. The Olympus platform sits in roughly 945 […]

BP wins $4 billion in Deepwater claims

BP has settled with US partner Anadarko Petroleum Company for $4 billion (£2.5bn) over last year’s Deepwater Horizon disaster in the Gulf of Mexico. Both companies have agreed to drop all legal claims against each other and the money will be put toward the $20 billion trust for compensation claims. BP will drop its claims […]

UK can cope with Deepwater Horizon-type disaster says Hendry

Energy Minister Charles Hendry today reassured the House of Commons that the UK would be able to deal with a Deepwater Horizon -type disaster in UK waters. Mr Hendry, standing in for Energy Secretary Chris Huhne at departmental questions in Parliament, was asked if such a catastrophe as hit the Gulf of Mexico could happen […]

Greenpeace says it can stall drillship for a month

Two Greenpeace campaigners who are currently preventing an oil platform from leaving Scotland by hanging on to its anchor chain claim that they can maintain their protest for a month. The campaigners, who launched their action yesterday morning, have attached a purpose-built reinforced ‘survival pod’ to the anchor chain and say they now have the […]