Gulf of Mexico

Exxon Mobil considers divesting oil assets in Gulf of Mexico

October 05, 2018 | Asset Acquisitions & Divestitures, Company Operations, Gulf of Mexico

London. UK | – American multinational oil and gas giant ExxonMobil is reportedly considering divesting a number of its US Gulf of Mexico oil assets. Sources familiar with the matter were quoted by Reuters as saying that the sale plan is the result of the US-based ExxonMobil’s review into its portfolio. Expected to take place in 2019, the sale would enable the company to concentrate on offshore areas such as Guyana and Brazil and onshore in the Permian basin of Texas. According to Reuters, a …

ConocoPhillips sells San Juan basin assets for $3 billion

April 13, 2017 | Asset Acquisitions & Divestitures, Company Operations, Gulf of Mexico

Houston, Texas US | – The world’s largest independent exploration and production company, based on proved reserves and production of liquids and natural gas, ConocoPhillips announced it has entered into a definitive agreement to sell its interests in the San Juan basin to an affiliate of Hilcorp Energy Co for up to $3.0 billion of total proceeds, comprised of $2.7 billion in cash and a contingent payment of up to $300 million. The cash portion of the proceeds is subject to customary closing adjustments. The …

BP settles New Orleans with $45million over 2010 spill

July 10, 2015 | Gulf of Mexico, Health, Safety & Environment, United States & Canada

New Orleans, US | – BP plc offered a $45 million settlement to New Orleans, which will use the funds for water management and coastal restoration, the city’s mayor said. New Orleans Mayor Mitch Landrieu announced the acceptance of the settlement offer from BP, which he said devastated the city’s economy and environment when the cascading series of failures sank the Deepwater Horizon oil rig in the Gulf of Mexico in 2010. “We will continue to deal with the long-term impacts of this disaster for years to come. However, this …

Pemex oil platform fire kills 4 in Gulf of Mexico, 302 evacuated

April 02, 2015 | Company Operations, Gulf of Mexico

Mexico City, Mexico |  – At least four people died after a fire broke out on a Pemex oil processing platform in the Gulf of Mexico early on Wednesday, leading to the evacuation of 302 workers, the Mexican state-run oil company said. The fire, which burned throughout the day, erupted overnight on the Abkatun Permanente platform in the oil-rich Bay of Campeche. Forty-five people were treated for injuries and 16 of them were hospitalized, two with serious injuries, Pemex said. At 8pm (02:00 GMT) on …