The move by the Minerals Management Service represented the first approval of a new shallow-water well since President Barack Obama last week lifted a ban on offshore drilling in less than 500 feet.

Drilling almost four miles down, producing wells pumped out, on average, 272 MMcfe/d gross in the fourth quarter of 2009 ( 25 percent working interest).

Leading shallow-water driller Shelf has boosted its backlog with new orders, including its first in the Dutch North Sea, ...

Deep-water drilling's best days are behind it. For all the stiff upper lips at the Offshore Technology Conference, most people described a shrinking industry trying to accommodate a new low-price ...

<p>Senators from several Gulf Coast states and Alaska are pressuring Interior Secretary Ken Salazar not to apply the administration’s moratoria on new offshore drilling permits to projects in ...

Saipem has signed a one-year extension for its deepwater semi-submersible drilling rig operating in Norway, and is focused on ...

Mr. Stilley claimed that the slowdown in offshore shallow-water permitting after the Deepwater Horizon drilling rig accident ruined his company, Seahawk Drilling, and threatens to ruin others.

Federal regulators approved Wednesday the first new Gulf of Mexico oil well since President Barack Obama lifted a brief ban on drilling in shallow water, even while deepwater projects remain frozen ...

MEXICO CITY – A consortium of Mexican and foreign private companies says a well drilled in shallow water has found between 1.4 and 2 billion barrels of crude oil equivalent in the Gulf of Mexico.

Shallow-water operators and contractors say they were just beginning to rebound from last year's economic downturn when BP's Macondo well blew out in April, causing a lethal explosion on the ...

It’s one of the largest discoveries made in shallow water by a private firm in Mexico, where private drilling under a concessionary scheme was approved as part of the country’s 2013 oil reforms.