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Feds streamline system for vetting offshore permits *updated*

Federal regulators today revealed a new process for reviewing permits in response to complaints from oil and gas companies that say the government's previous system was unwieldy. The Bureau of Ocean...

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Environmentalists challenge Shell’s Gulf plans in court *updated*

The case presents a major test of the federal government's power to swiftly review and approve deep-water exploration plans that form the blueprint for well-by-well permitting decisions.

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Feds detail plans for extending deep-water drilling leases

Under an order from Interior Secretary Ken Salazar, roughly 1,535 oil and gas leases will be eligible for one-year extensions to compensate for delays caused by last year's Gulf spill and the...

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Feds approve new BP drilling in Gulf

The federal government today gave BP approval to launch its first deep-water drilling since the lethal blowout of its Macondo well a year and a half ago. Under the permit, the British oil giant can...

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Feds issue record number of deep-water drilling permits in October

Government permitting of offshore drilling projects soared in October, as federal regulators signed off on the drilling of 13 deep-water wells during the month -- the best record since the...

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BP begins drilling deep-water well at Kaskida field

BP has launched deep-water drilling at its Kaskida field in the Gulf of Mexico -- the first exploration of its kind in U.S. waters since the lethal blowout of its Macondo well a year and a half ago.

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Dry holes illustrate deep-water drilling gamble

Two headline-grabbing oil prospecting failures in a week's span offer a fresh reminder of the high-stakes gamble that is offshore drilling.

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Transocean’s results show improving operations, execs say

Transocean executives said Thursday they had improved operations and signed lucrative new contracts for work as the company continues to rebound from the 2010 Gulf of Mexico oil spill

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Transocean stock rises; Analysts cite Gulf deal, operational changes

Transocean’s overhaul of its operations is more of a driver for future results than its efforts to put to bed remaining liability over the 2010 Gulf of Mexico oil spill, some analysts say.

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Feds probing death of worker on Gulf drillship

The worker on the Pacific Santa Ana was killed as the drillship prepared to bore a well for Chevron, BP and ConocoPhillips.

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