Seahawk Drilling's feelers draw investor interest
CEO Randall Stilley declined to name the parties, but he characterized them as financial investors rather than competitors in the offshore drilling business.
View ArticleNew report on Gulf spill points to poor discipline
BP and its contractors aboard the Deepwater Horizon rig ignored clear warning signs about dangerous conditions in the Macondo well prior to a deadly blowout there in April, highlighting a "lack of...
View ArticleEnergy word of the day: cooperation
Oil companies are ready to resume work in the Gulf of Mexico and keep tapping vast natural gas resources onshore, but need policies that address concerns around each without stifling investment,...
View Article$1B Gulf deal with Exxon boosts Houston firm’s profile
Energy XXI will pay Exxon Mobil Corp. $1 billion for a swath of shallow-water fields in the Gulf of Mexico, in a deal that significantly boosts the output and profile of the independent oil and gas...
View ArticleSpill report on cement may not affect Halliburton's liability
Halliburton's contract with BP on the project offer it broad protections and the federal oil spill commission's findings leave room for doubt as to whether the company did anything wrong, analysts and...
View ArticleSpill fallout hurts Transocean profit
Transocean, the world's largest offshore drilling contractor, said its net income slid 48 percent in the third quarter because of weaker business and several one-time charges, including one related to...
View ArticleSpill fallout hurts Transocean profit
Transocean, the world's largest offshore drilling contractor, said its net income slid 48 percent in the third quarter because of weaker business and several one-time charges, including one related to...
View ArticleChevron joining shale spree
Chevron Corp.'s $4.3 billion deal Tuesday to acquire Atlas Energy finds yet another major oil company betting big that huge deposits of natural gas found in U.S. shale rock formations will be a key...
View ArticleOil price revival may bring pain to the pump
Crude oil prices are creeping higher again, with some experts predicting a return to $100 a barrel soon, in a trend that could be a boon to Houston's vast energy economy but a pain for consumers stuck...
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