A consent decree filed Oct. 5 details the settlement concerning the Deepwater Horizon accident. The public has until Dec. 4 to comment on a proposed restoration plan.
Chinese companies’ shale development effort comes as slumping commodity prices have caused others to lay down rigs and forgo completions in the U.S. and pull away from emerging shale plays elsewhere.
Discoveries continue to be made, but the industry’s track record is showing signs of weakness.
Three of five Gulf of Mexico blocks offered were awarded during the second phase of Mexico’s Round One.
The supply-demand imbalance continues to add to commodity price instability, forcing companies to find more ways to maintain or grow production at a lower cost.