Gulf Of Mexico News
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Prime Minister Stephen Harper is seeking to counter opposition to TransCanada Corp.’s Keystone XL pipeline, a project crucial for boosting Canada’s economy and Harper’s plans to make the country an energy superpower to rival Saudi Arabia.
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U.S. natural gas prices, pushed to a record high after hurricanes Katrina and Rita barreled through the Gulf of Mexico eight years ago, are now more vulnerable to winter freezes than tropical storms after production moved onshore with the growth of drilling in shale formations.
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Ecopetrol SA, Colombia’s state-run oil company, acquired a 15 percent stake in the Deep Nansen prospect in the U.S. Gulf of Mexico from Anadarko Petroleum Corp.
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Manatt, Phelps & Phillips LLP introduced Manatt Digital Media, an entity combining legal, consulting and investment services for digital-media, entertainment and advertising clients. It will be led by Los Angles partner T. Hale Boggs.
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A former BP Plc engineer charged in the first criminal case arising from the 2010 Gulf of Mexico oil spill said U.S. prosecutors withheld evidence that might clear him and urged a judge to sanction them.
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As Anadarko Petroleum Corp. Chairman Jim Hackett steps down and heads off to Harvard Divinity School, Chief Executive Officer Al Walker’s biggest challenge is convincing investors nothing will change at the $45 billion global oil explorer.
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Anadarko Petroleum Corp., the second- largest U.S. independent oil and natural gas producer by market value, may have an agreement in the coming weeks to sell a stake in a drilling prospect off the coast of Mozambique.
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BP Plc, Europe’s second-largest oil company, expects to start its proposed deep-water drilling campaign off southern Australia in late 2015 or early 2016 and to obtain a drilling rig before the end of this year.
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Transocean Ltd., the largest offshore oil rig contractor, said Chairman Michael Talbert will step down as the company tries to fend off billionaire investor Carl Icahn’s board nominees.
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Three years after BP Plc’s oil spill fouled Gulf of Mexico beaches, drilling safety is improving, though deficiencies remain at some of the same companies operating offshore, Democrats on a House panel said in a report.
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