Nexen restoring Gulf Mexico production after hurricane-linked ...
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CALGARY (CP) - Nexen Inc. is restoring its deep-water oil production in the Gulf of Mexico after hurricane Ivan blew through and caused no significant damage to the Calgary-based firm&#39;s oil rigs.
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PRUDHOE BAY, Alaska, Aug. 31 -- BP officials are increasingly optimistic that Prudhoe Bay oil production may return to normal levels earlier than they initially expected. A portion of the pipeline idled by corrosion concerns may be useable at least temporarily, they said, while other questionable...
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Employment statistics, sales tax collections, large construction  projects and other key economic indicators point to an accelerating  recovery --- and even growth -- in many Gulf  Coast communities damaged by hurricanes Katrina and Rita.
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Crude oil futures traded near a record on concern supply from the Gulf of Mexico will be reduced while hurricane repairs are completed during the next six months.
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In the aftermath of Hurricane Katrina, the Army Corps of Engineers has gotten the brunt of criticism for the disaster, but many scientists say that oil drilling may have played a decisive role in bringing the Mississippi River Delta to the brink of collapse.
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Oil prices were hovering close to last weekâs record high today after breaking through the $50 mark again. Production problems in the Gulf of Mexico due to the impact of Hurricane Ivan continued to have
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Oil prices closed above $50 a barrel for the first time yesterday as concerns linger about damage to oil production in the Gulf of Mexico from Hurricane Ivan.
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Oil prices closed above $50 a barrel for the first time Friday as concerns linger about damage to oil production in the Gulf of Mexico from Hurricane Ivan.
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DALLAS (CBS.MW) -- Oil-service equipment in the Gulf of Mexico is built to withstand the fierce winds of Hurricane Ivan. The bigger threat is a decline in demand for the companies&#39; equipment.
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Petroleum companies repairing hurricane damage to platforms and pipelines in the Gulf of Mexico have increased the flow of oil going to market by about 15,000 barrels per day this week, a federal agency reported.
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Oil eased from its record high on Friday as a hurricane subsided in the Gulf of Mexico and refineries looked set to return to normal operations.
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The remnants of deadly Hurricane Ivan,  which rampaged through the Caribbean and then into the U.S.  Gulf Coast a week ago, killing more than 100 people, have  reformed in the Gulf of Mexico as a tropical storm threatening  the Texas and Louisiana coasts.
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MEXICO CITY, July 11 -- A series of pipeline explosions sharply reduced gas supplies in central Mexico and forced the country's largest beer producer, as well as foreign-owned companies, to temporarily close factories or cut back production Wednesday.
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Oil prices briefly hit a record high and gasoline futures rose Thursday as refiners reported production problems after Hurricane Humberto hit Texas.
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U.S. energy companies that operate in the Gulf of Mexico are better prepared to keep petroleum and natural gas supplies flowing if hurricanes hit this year than they were during 2005's disastrous season, U.S. government and industry officials said Wednesday.
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The boom in Gulf of Mexico oil  exploration since the 1970s made New Orleans a hub of the U.S.  energy industry, but the devastation caused by Hurricane  Katrina in 2005 has led some oil companies to move out, a  mini-exodus that could grow.
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NEW YORK - Energy companies today were taking more than 3,000 workers off drilling rigs in the Gulf of Mexico ahead of Hurricane Ivan, a powerful Category 5 storm, and were shutting much more oil production in the Gulf than had been shut by a pair of