oil drilling

BP Oil Spill
11:37 am
Wed November 28, 2012

EPA Temporarily Halts New Federal Contracts For BP

The Deepwater Horizon oil rig burned on April 21, 2010.
U.S. Coast Guard Getty Images

Citing a "lack of business integrity," the Environmental Protection Agency announced it was temporarily suspending the oil giant BP from entering into new contracts with the federal government.

In a press release, the EPA said BP demonstrated the lack of integrity during the Deepwater Horizon "blowout, explosion, oil spill and response." This kind of suspension, the EPA explained, is "standard practice when a responsibility question is raised by action in a criminal case."

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Latest News
11:57 am
Mon November 19, 2012

Search Continues Around Burned Offshore Platform

A Texas oil company is still searching for a missing worker near a burned platform off the Louisiana coast. The company is using dive teams and a search-and-rescue dog.

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Latest News
11:59 am
Sun November 18, 2012

Body Found Near Burned Offshore Rig

The body of one of two missing oil rig workers has been found near the offshore platform that caught fire in the Gulf of Mexico. The oil company says divers will continue looking for the other missing worker.

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Latest News
8:29 pm
Sat November 17, 2012

Coast Guard Suspends Search For 2 Missing Rig Workers

The Coast Guard has called off a search for two men missing from an oil platform that caught fire Friday morning off the Louisiana coast. Officials say it appears no oil is leaking from the rig.

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Latest News
11:40 am
Sat November 17, 2012

2 Missing After Oil Rig Fire

The Coast Guard is searching for two workers missing after fire tore through an offshore oil platform off the Louisiana coast. Four others are recovering from serious burns.

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1:03 pm
Fri November 16, 2012

Coast Guard Says Gulf Oil Platform Fire Extinguished

An image of the burning rig sent in by a viewer to KLFY-TV in Lafayette.
KLFY viewer photo

The fire that broke out on a Gulf of Mexico oil platform this morning after an explosion has been extinguished, according to the U.S. Coast Guard.

The fire was put out at approximately 11:30 a.m.

Eleven people have been airlifted from the scene — four to West Jefferson Medical Center with serious injuries, including second- and third-degree burns.

Two people jumped into the water at the time of the explosion and are still missing. 

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Oil Industry
1:45 pm
Fri September 14, 2012

Production starts at ultra-deep Gulf oil field

Petrobras USA says production has begun at its Chinook oil field in the ultra-deep waters of the Gulf of Mexico.

The company says production started last week in the field using a specialized ship that processes and stores oil and natural gas in place of a production platform. The field is being worked by BW Pioneer, a type of ship known in the oil industry as a floating, production, storage and offloading vessel, or FPSO.

Hurricane Isaac
5:05 pm
Mon September 3, 2012

Oil Production Coming Back Online

Oil production is resuming in the Gulf of Mexico and at refineries in the coastal regions hit by Hurricane Isaac. However, power outages are slowing the process.

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6:31 pm
Tue August 28, 2012

How Hurricane Isaac Could Affect Gulf Drilling and the Texas Coast

Hurricane Isaac could bring significant weather conditions to more than a thousand drilling rigs and platforms in the Gulf of Mexico. Oil prices are already on the rise.
Updated: Sometime Tuesday, Hurricane Isaac could bring significant weather conditions to more than a thousand drilling rigs and platforms in the Gulf of Mexico. Oil prices are already on the rise. As you can see in the map to the right by Accuweather, there are several Gulf drilling regions that are under a "high" or "moderate" threat by the storm.
Hurricane Isaac
11:46 am
Tue August 28, 2012

Oil industry told to monitor sites for safety

The state Office of Conservation has ordered petroleum exploration and production companies to take necessary precautions to ensure their sites are secure as Hurricane Isaac nears.

Conservation Commissioner James Welsh said operators of oilfield and related structures as well as pipelines have been directed under the state's emergency declaration to ensure wells and other facilities do not create environmental threats.