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Major oil companies open their wallets in Gulf of Mexico bidding

Major oil companies open their wallets in Gulf of Mexico bidding

Royal Dutch Shell plc, Chevron Corp and Exxon Mobil Corp signaled the oil industry`s return to the Gulf of Mexico`s deep waters with high bids in a government auction up 76 percent over a year ago.

Growing Louisiana deltas make for a rare phenomenon – NASA studies the coastline

Growing Louisiana deltas make for a rare phenomenon – NASA studies the coastline

 When the tide goes out, water drains from the marshes, carrying sediment and carbon.

US military bases at risk from sea level rise: Study

US military bases along the Atlantic Ocean and Gulf of Mexico will be increasingly vulnerable to floods and power-packed storms as the planet warms, researchers said on Wednesday.

Tata manufactured pipeline deepest in Gulf of Mexico

More than 140 kms of pipeline manufactured by Tata Steel has achieved an industry first by becoming the deepest to be laid in the Mexican section of the Gulf of Mexico.

Record flooding hits US Midwest, threatens South

Record flooding hits US Midwest, threatens South

Swollen rivers in the US Midwest and other regions brought flood warnings for over 12 million Americans on Wednesday as scores of buildings were submerged after days of intense rain in which 24 people have died.

Mexico holds oil auction for first time in 80 years

Nearly 80 years after kicking foreign energy companies out of the country, the government is offering 14 blocks in shallow waters of the Gulf of Mexico worth an estimated USD 17 billion in total.

UK government tells BP it would oppose takeover: Reports

The British government has warned oil giant BP that it would oppose a foreign takeover of the company weakened in recent years by the Gulf of Mexico oil spill, media reports said Monday.

BP appeals US judge's ruling on size of Gulf oil spill

BP Plc on Monday appealed a federal judge`s finding of the size of the 2010 Gulf of Mexico oil spill, which leaves the company potentially liable to pay $13.7 billion in fines.

US court reaffirms BP is liable in Gulf oil spill

A federal appeals court panel has reaffirmed its ruling that BP is liable for federal Clean Water Act damages stemming from the 2010 Gulf of Mexico oil spill, the latest loss for the oil giant as it fights court decisions that could ultimately bring USD 18 billion in penalties.

Halliburton pays $1.1 bn for Gulf of Mexico BP spill

Oil services company Halliburton said Tuesday it would pay a $1.1 billion settlement over its role in the 2010 Gulf of Mexico oil rig blowout that led to the United States` most disastrous oil spill.

BP seeks to recoup ''windfall'' Gulf spill payments

BP said the uncapped settlement could cost USD9.2 billion, higher than its original USD7.8 billion estimate, and that this amount could grow.

US ends contract ban on BP

The United States announced Thursday an end to its ban on BP obtaining government contracts following the 2010 Deepwater Horizon disaster, the worst oil spill in US history.

US appeals court affirms BP settlement in 2010 Gulf oil spill

BP had supported the settlement agreement leading up to the December 2012 ruling by U.S. District Court Judge Carl Barbier approving it. But the company has since argued the administration of the settlement is faulty because it allows claimants without actual damages to join in.

Court rejects BP bid to require proof of Gulf oil spill losses

BP Plc has failed to persuade a federal judge to require businesses seeking to recover money over the 2010 Gulf of Mexico oil spill to provide proof that their economic losses were caused by the disaster.

US regulators approve CNOOC's $15.1 bn bid to buy Nexen

The deal needed US approvals because Nexen, based in Calgary, Alberta, controlled assets in the Gulf of Mexico.