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Ocean Roundup: Gulf of Mexico Sharks are Shrinking, Caribbean Reefs Capable of Being Saved, and More

A tiger shark. Researchers say some shark species are decreasing in size in the Gulf of Mexico. (Photo: Willy Volk / Flickr Creative Commons) - Researchers say that some sharks in the Gulf of Mexico are decreasing in size, and in some cases are down by as much as 70 percent. Show More Summary

SPOTD: Japanese-Built Merchant Vessel Sunk Off Texas

Flanked by Texas Game Warden boats, the 155-foot Kinta S was sunk in 75 feet of water in the Gulf of Mexico near Corpus Christi on Wednesday, September 17, 2014. [...] The post SPOTD: Japanese-Built Merchant Vessel Sunk Off Texas appeared first on gCaptain Maritime & Offshore News.

LQT Delivers Accommodation Facility and Helideck in Gulf of Mexico

LQT Industries, a full-service provider of accommodation facilities, design-build construction services, and support services to the oil and gas industry, has

Red Tide is Devastating the Northeast Gulf of Mexico in Florida

A disturbning menace is invading southwest Florida in the form of a "red tide." A toxic algae that kills sea turtles, sharks and fish, red tides also threatens the region's economy. This particular strain called Karenia brevis is present nearly every year

Question of the day: Is BP run by children?

Federal Judge Carl Barbier of New Orleans already has ruled that BP is guilty of "gross negligence" and "willful misconduct" in the 2010 Deepwater Horizon oil spill disaster in the Gulf of Mexico. His Sept. 4 finding exposed the British oil firm to as much as $18 billion in penalties.

Toxic algae tide off Florida kills wildlife, threatens economy

2 days agoNews : The Newsroom

CLEARWATER, Fla. (AP) — It's like Florida's version of The Blob. Slow moving glops of toxic algae in the northeast Gulf of Mexico are killing sea turtles, sharks and fish, and threatening the waters and beaches that fuel the region's economy.

BP Seeks Access to $750 Million Transocean Spill Insurance

BP Plc, which has paid more than $28 billion for the 2010 Gulf of Mexico oil spill, seeks to get $750 million of that back by convincing a Texas court that a missing comma allows the energy company access to Transocean Ltd.’s insurance...Show More Summary

Helmerich & Payne, Inc.: Complete Fleet Analysis And 3rd Quarter Result

By Fun Trading: Helmerich & Payne, Inc. (NYSE:HP) Source: Helmerich and Payne website: Rig 205 Gulf of Mexico. The company operates as a contract drilling Company worldwide. It provides drilling rigs, equipment, personnel, and campsShow More Summary

Exxon Valdez 2014: Does media coverage of manmade disasters contribute to consumer complacency?

Twenty-five years ago, the Exxon Valdez spilled 11 million gallons of oil into Alaska's Prince William Sound. Americans found themselves cleaning up another giant oil spill in the Gulf of Mexico in 2010. According to a new study in the...Show More Summary

Chevron Worker Killed in Natural Gas Pipeline Accident Off Louisiana

A Chevron contractor was killed Saturday while performing routine maintenance on a natural gas pipeline off the coast of Louisiana in the Gulf of Mexico, the Wall Street Journal has [...] The post Chevron Worker Killed in Natural Gas Pipeline Accident Off Louisiana appeared first on gCaptain Maritime & Offshore News.

Court Ruling Could Require BP to Pay Billions in Fines for Gulf Oil Spill Restoration

A federal judge ruled last Thursday that BP acted with “gross negligence” in the 2010 Gulf of Mexico oil spill. This decision could result in the company paying an estimated $18 billion in fines. And the vast majority of that money must be spent on restoring the environment and coastal communities devastated by the spill. read more

BP Deepwater Horizon disaster: Researchers continue working to safeguard shoreline

A research team has estimated the total mass of oil that reached the Gulf of Mexico shore in the wake of the BP Deepwater Horizon blowout. It's the first time such an estimate was reported.

NJIT researchers working to safeguard the shoreline

An NJIT research team has estimated the total mass of oil that reached the Gulf of Mexico shore in the wake of the BP Deepwater Horizon blowout. It's the first time such an estimate was reported, and the study is published in the August...Show More Summary

Video: Shell’s Tension-Leg Platform ‘Auger’, A True Deepwater Pioneer

In 1994, ‘Auger’ became the world’s first tension-leg platform operating for Shell in the deep-water of the U.S. Gulf of Mexico. A deepwater pioneer, it was the first to float [...] The post Video: Shell’s Tension-Leg Platform ‘Auger’, A True Deepwater Pioneer appeared first on gCaptain Maritime & Offshore News.

Technip Awarded Subsea Contract in the Gulf of Mexico

  Technip was awarded by Deep Gulf Energy II LLC a lump sum contract for the development of the Kodiak field, located in Mississippi Canyon Blocks 727 and 771,

BP Still Needs To Clean Up Its Reckless Act: Another $18 Billion In Fines On The Horizon

By Don Dion: Four years ago, the world watched in horror as the Deepwater Horizon oil rig exploded killing 11 employees and releasing millions of barrels of petroleum into the Gulf of Mexico. Since then, British Petroleum (NYSE:BP) has paid out over $28 billion in damages and cleanup expenses and agreed to plead guilty on criminal charges. Show More Summary

Selling Puts: Pros and Cons for Dividend Investors

Last week, I sold some puts on British Petroleum (BP), right after the judgment that opened the door for a potential $18 more billion in liabilities stemming from that Gulf of Mexico oil spill from 2010. The stock price sold off sharply on those news, and I decided that this was an opportunity to add to my existing position. Show More Summary

Ocean Roundup: Sea Turtles Released after Swallowing Fish Hooks, UK Builds Massive Salt Marsh to Protect Coastline, and More

A kemp’s ridley (Lepidochelys kempii) sea turtle. (Photo: Terry Ross / Flickr Creative Commons) - Ten sea turtles that were rehabilitated after swallowing fishing hooks in the Gulf of Mexico were released into the wild over the weekend. Show More Summary

BP Oil Spill Penalty Could Reach 15% of Company's Market Cap

The United States District Court for the Eastern District of Louisiana found BP was grossly negligent with regard to the accident and its activities in conjunction with the Macondo well in the Gulf of Mexico. BP said it “strongly disagrees” with the finding and will immediately appeal. read more

BP Faces up to $18 Billion in Fines for Gross Negligence Over Deepwater Horizon

BP was yesterday found guilty of being "grossly negligent" and "reckless" in the 2010 Deepwater Horizon oil rig blowout. The blowout killed 11 workers and caused the massive Gulf of Mexico oil spill that was the worst offshore environmental disaster in U.S.

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