Mississippi Business Journal » petroleum

State leaders ask Washington for more offshore drilling

Associated Press — Mon, 06 May 2013 21:49:48 +0000

GULF OF MEXICO — Six coastal governors have called on Washington to open up more waters to offshore drilling and to make permitting a quicker, more efficient process. The governors of Texas, North Carolina, South Carolina, Alabama, Mississippi and Alaska spoke Monday at the Offshore Technology Conference in Houston. Officials from Louisiana and Virginia also [...]

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Governor unveils Coast projects funded by BP money

Associated Press — Thu, 02 May 2013 23:52:49 +0000

MISSISSIPPI GULF COAST — BP PLC is paying $69 million for interactive exhibits at a Hancock County science center, a concrete pathway on the beach at Pascagoula, up to six miles of shoreline and improvements at a park as part of Mississippi Gulf Coast restoration from the Deepwater Horizon oil spill, Gov. Phil Bryant said. [...]

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Energy company looking to sell interest in Gulf oil field

Associated Press — Tue, 30 Apr 2013 12:45:11 +0000

NATCHEZ — Callon Petroleum Co. says it’s trying to sell its interest in a Gulf of Mexico oil field. The company announced its board has authorized Jeffries LLC to try to sell its 15 percent interest in the Medusa deep-water field and 10 percent in Medusa Spar LLC, the company that owns the production platform [...]

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Judge rejects BP’s request to block oil spill payouts

Associated Press — Fri, 05 Apr 2013 11:47:18 +0000

NEW ORLEANS — A federal judge has rejected BP’s request to block what could be billions of dollars in settlement payouts to businesses who claim the company’s 2010 oil spill in the Gulf of Mexico cost them money. Before a hearing today, U.S. District Judge Carl Barbier already had upheld court-appointed claims administrator Patrick Juneau’s [...]

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Refinery makes $1M donation to Audubon Society programs

Associated Press — Thu, 21 Mar 2013 11:48:09 +0000

PASCAGOULA — The Chevron Pascagoula Refinery is donating $1 million to the Pascagoula River Audubon Center and another National Audubon Society program, the Mississippi Flyway. The Sun Herald reports the majority of the money will go to support operations and educational programs for a new $2 million center, soon to be built on 10 acres [...]

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Gulf oil and gas lease sale pulls in $1.2B in bids

Associated Press — Thu, 21 Mar 2013 11:39:27 +0000

GULF OF MEXICO — A nearly 39 million-acre oil and gas lease sale yesterday for the central Gulf of Mexico drew $1.2 billion in high bids by offshore energy producers. The Bureau of Ocean Energy Management said 52 companies submitted 407 bids on 320 tracts, three to 230 miles off the coasts of Louisiana, Alabama [...]

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Salazar to attend federal oil and gas lease sale

Associated Press — Wed, 20 Mar 2013 11:42:32 +0000

GULF OF MEXICO — U.S. Interior Secretary Ken Salazar will be on hand when federal regulators put more than 38 million acres in the central Gulf of Mexico up for bid to offshore energy producers. The sale in New Orleans will begin at 9 a.m. today in the Superdome and include about 7,299 federally-owned drilling [...]

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La. oil company appeals judge’s post-explosion ruling

Associated Press — Mon, 04 Mar 2013 12:55:05 +0000

FORREST COUNTY — A Louisiana-based oil company has appealed a judge’s ruling that upheld a new sign and fencing ordinance put in place by Forrest County after fatal 2009 oil tank explosion. The appeal by Delphi Oil Inc. of Baton Rouge, La., is among dozens the Mississippi Supreme Court will consider during its March-April term. [...]

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BP exec: Management, cost-cutting not explored in oil spill probe

Associated Press — Fri, 01 Mar 2013 12:39:37 +0000

NEW ORLEANS — An internal BP probe of the 2010 oil spill in the Gulf of Mexico didn’t explore whether decisions by upper-level management or cost cuts had a role in causing the disaster because investigators didn’t have access to its partners’ employees and records, a BP executive testified yesterday at a trial designed to [...]

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Expert: BP’s cost-cutting led to 2010 Gulf oil spill

Associated Press — Tue, 26 Feb 2013 16:17:58 +0000

NEW ORLEANS — An expert witness for people and businesses who sued BP over the Gulf oil spill says he found ample evidence that the company’s cost-cutting culture led to the disaster. University of California-Berkeley engineering professor Robert Bea testified today at a civil trial. He says BP PLC didn’t implement a safety management program [...]

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