Topic: Gulf of Mexico

In a presentation (pdf) released Monday, Contango Oil & Gas Company (MCF) CEO Ken Peak provides more details regarding his view of the situation unfolding in the Gulf of Mexico. We have commented on Contango Oil & Gas in the past and ...

Court refuses stay on deepwater drilling

A U.S. appeals court dealt the Obama administration a setback on Thursday when it refused to halt deepwater oil drilling, but analysts said they did not expect companies to begin operations soon.. The White House sought to suspend deepwater drilling of new ...
Obama increases manpower in Gulf region to speed up response to oil spillPresident Barack Obama says he is ordering an increase in manpower in the Gulf Coast to deal with the massive oil spill.Obama says he will triple the manpower in places ...
Despite the unchecked oil spill in the Gulf of Mexico, President Barack Obama plans a visit next week to an Ohio factory that makes steel pipes used by the oil and gas industry, the White House announced Friday.Obama's official schedule calls for ...
Obama: 'Every resource needed' to be devoted to responding to Gulf of Mexico oil rig explosionPresident Barack Obama is ordering federal agencies to devote every resource necessary to help with the situation in the Gulf of Mexico where an oil platform exploded ...

U.S. Interior proceeding with contested offshore plan

WASHINGTON (Reuters) - The U.S. Interior Department on Thursday said that it will go ahead with an offshore oil and natural gas lease sale in the Gulf of Mexico scheduled next month, despite some legal concerns about the Bush-era drilling plan.Earlier this ...

Senate panel oks drilling near Florida coast

WASHINGTON (Reuters) - The U.S. Senate Energy and Natural Resources Committee adopted an amendment to an energy bill that would allow drilling within 45 miles of Florida's Gulf coast.Florida now bans oil and gas drilling within 125 miles of its coasts in ...
House Moves to Recoup Royalties From Flawed Oil and Gas LeasesThe House voted Friday for a measure aimed at recouping billions of dollars in oil and gas royalties that were lost because of faulty federal leases.A provision added to the farm bill, ...