The federal government Wednesday granted a permit for Bandon Oil and Gas to drill in shallow Gulf of Mexico waters, though a ban on new exploration in deeper areas continues. The move by the Minerals ...

The company has a three-month contract for the use of the jack-up drilling rig Ensco 104 at a dayrate in the mid-$150,000s, according to rig owner Ensco. PVEP drilled its first well in Block M-2 in ...

The Obama administration has approved a permit to drill a new well in the shallow waters of the Gulf of Mexico, the first such clearance since new safety regulations were put in place following the BP ...

WASHINGTON, July 19 (Reuters) - The U.S. Interior Department issued its first shallow-water drilling permit since offshore exploration companies were required to meet two sets of new safety ...