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Oil majors show interest in Mexico’s offshore auction

Oil majors show interest in Mexico's offshore auction

Mexico’s forthcoming auction of offshore oil and gas fields is drawing significant interest, according to a report by Fuel Fix. So far, 21 companies have asked to review data on fields within Mexico’s territorial waters in the Gulf of Mexico. Major oil companies, such as ExxonMobil, BP, and Chevron, have expressed interest in the available fields. The country will auction ...

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Stricter offshore drilling rules issued, upsetting industry

Stricter offshore drilling rules issued, upsetting industry

NEW ORLEANS (AP) — The Obama administration issued new rules Thursday to make oil and natural gas offshore drilling equipment safer and to reduce risks in digging wells, but the oil industry and its supporters in Congress say they are costly and questioned their need. The rules published by the Interior Department came nearly six years after the catastrophic blowout ...

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Scalise to take peers on tour of Gulf’s offshore drilling

Scalise to take peers on tour of Gulf's offshore drilling

NEW ORLEANS (AP) — House Majority Whip Steve Scalise is taking a batch of congressmen on a tour of the Gulf of Mexico’s oil and gas offshore drilling industry. Scalise, a Republican from Louisiana, has led energy tours for his peers since he became a House member in 2008. On Friday, he’s showing off the industry to six other congressmen ...

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The Latest: Nigeria senate president linked to offshore case

The Latest: Nigeria senate president linked to offshore case

LONDON (AP) — The Latest on the publication by a coalition of media outlets of an investigation into offshore financial dealings by the rich and famous (all times local): 1:05 p.m. Nigeria’s Premium Times newspaper is reporting that the country’s senate president, the third highest-ranking politician in Africa’s biggest oil producer, owns at least two offshore accounts that he tried ...

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Dominion: Proposed costs coming down for 2 offshore turbines

Dominion: Proposed costs coming down for 2 offshore turbines

RICHMOND, Va. (AP) — Dominion Virginia Power says it’s working to bring down the cost of two proposed research wind turbines 25 miles offshore, an important step in developing a wind farm on 113,000 acres in Atlantic waters. The power company told a teleconference Thursday that a key challenge is keeping down the costs of huge ocean-going vessels needed to ...

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Anti-drilling protesters shout, disrupt oil, gas lease sale

Anti-drilling protesters shout, disrupt oil, gas lease sale

NEW ORLEANS (AP) — Protesters opposed to drilling in the Gulf of Mexico disrupted an oil and gas lease sale Wednesday, chanting and waving signs as government officials read bids from companies for the right to explore and develop fossil fuels offshore. Government officials said afterward that the sale — for tracts in the central and eastern regions of the ...

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In reversal, Obama administration to block Atlantic oil drilling

In reversal, Obama administration to block oil drilling in Atlantic

WASHINGTON (AP) — In a major reversal, the Obama administration said Tuesday it will bar oil drilling in the Atlantic Ocean, a move cheered by environmentalists and consistent with the president’s aggressive steps to deal with climate change. Interior Secretary Sally Jewell made the announcement on Twitter, declaring that the administration’s next five-year offshore drilling plan “protects the Atlantic for ...

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Nigerian Navy rescues second hijacked ship in a week

Nigeria, oil tanker, pirates, hijacked, navy

WARRI, Nigeria (AP) — The Nigerian Navy says it has rescued a hijacked offshore oil supply ship but pirates escaped with two crew members from Russia and Nigeria. It’s the second rescue in a week. On Saturday, the navy recovered an oil tanker in a high seas shootout that killed one of the pirates. Six hijackers were arrested but two ...

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Chevron exits Caltex Australia stake for $3.7 bln

PERTH – U.S. energy giant Chevron sold its entire stake in refiner Caltex Australia Ltd for A$4.7 billion ($3.7 billion) in Asia’s biggest block deal this year, as falling oil prices and high costs hurt margins. Offshore institutional investor demand for the 50 percent stake in Australia’s biggest refiner was strong, with bidding driving the final price to A$35 a ...

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Officials raises max fines for offshore oil spills

As of January 2015, major offshore oil spills could be subject to up to $134 million in fines under the Oil Pollution Act of 1990. According to Jennifer Larino for the Times-Picayune, the Bureau of Ocean Energy Management (BOEM) has changed the cap for the maximum number of fines a company is obligated to pay under the law in the ...

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