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Latest News

Oil and Gas news

Wellbore debris delays static kill

BP has likely pushed back plans to begin kill operations on the Macondo blowout in the US Gulf of Mexico after crews found debris in the well that had to be cleared before they coudl run the final casing string.

Apache weighs in on Concho-Marbob deal

Oil and gas company Concho Resources said today that BP has exercised preferential purchase rights for some of Concho's recent $1.66 billion deal for privately held Marbob Energy.

House votes to end drilling ban

The US House of Representatives today voted to end the federal moratorium on deepwater drilling for oil companies that meet new federal safety requirements.

Trio team on Arctic acreage

Imperial Oil, ExxonMobil and BP have formed a joint venture to explore for oil and gas in acreage they hold in the Beaufort Sea in Canada's Arctic, Imperial said today.

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