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W&T Offshore to acquire Gulf of Mexico deepwater fields

2013-10-18 01:00:00| Offshore Technology

Oil and natural gas producer W&T Offshore has signed an agreement to acquire all of Callon Petroleum's exploration and production deepwater field properties in the Gulf of Mexico, for $100m.

Tags: mexico fields acquire gulf

UC RUSAL to participate in construction of Russian deepwater dry-cargo port

2013-09-30 01:00:00| Ship Technology

Aluminium producer UC RUSAL, along with the Ministry of Transportation of the Russian Federation and the Government of the Krasnodar Territory, will participate in the construction of the dry-cargo port at Taman in Russia.

Tags: construction port russian participate

BP returns to court over Deepwater Horizon spill as 11bn in fines loom

2013-09-29 19:16:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: BP's lawyers will fight attempts to fine the oil giant up to $18bn (11.1bn) over the 2010 Deepwater Horizon disaster, when a new trial opens in New Orleans on Monday. The latest legal battle revolves around the company's efforts to cap its runaway well, and the amount of oil that entered the Gulf of Mexico during the 87-day spill. The trial, expected to last a month, could add up to $18bn in financial penalties to BP's bill for the disaster five times the $3.5bn originally set aside for...

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Ecosystem Recovery from Deepwater Horizon Oil Spill Will Take Decades

2013-09-25 18:02:00| Climate Ark Climate Change & Global Warming Newsfeed

Nature World: It will likely take decades before the deep-sea ecosystem around the Deepwater Horizon oil spill site recovers from the impacts of the environmental disaster, according to new research published in the journal PLOS One. When the well head blew out on the Deepwater Horizon oil rig in April 2010, nearly 5 million barrels (210 million gallons) of oil spewed from the ocean floor, encroaching upon the soft-sediment ecosystem in place at the bottom of the Gulf of Mexico. The oil spill and plume covered...

Tags: oil recovery decades horizon