Latest Gulf of Mexico Stories
HOUSTON, Oct. 19, 2012 /PRNewswire/ -- Robbins & Myers, Inc. (NYSE: RBN) today reported diluted net earnings per share from continuing operations (DEPS) of $0.76 for its fiscal fourth quarter ended August 31, 2012, or $0.92 after adjusting for unfavorable costs of $0.16 related to its pending merger with National Oilwell Varco, the estimated settlement of an export investigation matter, settlement of the work stoppage at its Springfield, Ohio, pump manufacturing plant and the...
HOUSTON, Oct. 19, 2012 /PRNewswire/ -- Baker Hughes Incorporated (NYSE: BHI) announced today adjusted net income (a non-GAAP measure) for the third quarter of 2012 of $322 million or $0.73 per diluted share. This compares to adjusted net income of $1.18 per diluted share for the third quarter of 2011, and $1.00 per diluted share for the second quarter of 2012. Adjusted net income for the third quarter of 2012 excludes an after-tax charge of $28 million ($0.07 per diluted share)...
HOUSTON, Oct. 18, 2012 /PRNewswire/ -- Northstar Offshore Group, LLC ("NOG") - a portfolio company of Natural Gas Partners ("NGP") - today announced the completion of two shallow water acquisitions in the Gulf of Mexico from private sellers, for a combined total of $160 million. On October 11, 2012, Northstar acquired the Creole field, located in West Cameron Blocks 2 and 3 in the shallow state waters of Louisiana. On October 16, 2012, Northstar acquired a group of shallow water...
THE WOODLANDS, Texas, Oct. 5, 2012 /PRNewswire/ -- Newfield Exploration Company (NYSE: NFX) today announced the closing on its previously announced sale of its assets in the Gulf of Mexico to W&T Offshore, Inc. Including this transaction, total year-to-date proceeds from non-strategic asset sales are approximately $565 million. The Company's third quarter 2012 production volumes will include its Gulf of Mexico properties. Newfield expects that its third quarter 2012 production...
HOUSTON, Oct. 2, 2012 /PRNewswire/ -- Plains Exploration & Production Company (NYSE:PXP) ("PXP" or the "Company") provides updates on 2012 third-quarter preliminary production estimates and on initial financing of the previously announced Gulf of Mexico acquisition. PRODUCTION UPDATE PXP's 2012 third-quarter preliminary daily sales volumes averaged approximately 105 thousand barrels of oil equivalent per day. Estimated third-quarter average daily oil/liquids sales volumes...
HOUSTON, Oct. 1, 2012 /PRNewswire/ -- Noble Energy, Inc. (NYSE: NBL) announced today that its production in the Gulf of Mexico has returned to pre-hurricane Isaac levels. The production impact for the quarter is estimated to be nearly 7 thousand barrels of oil equivalent per day (MBoe/d), consisting of 80 percent oil and 5 percent natural gas liquids. As a result, the Company now expects quarterly volumes to be at the low end of the previously announced third quarter guidance range of...
Alan McStravick for redOrbit.com - Your Universe Online The Deepwater Horizon, an ultra-deepwater, dynamically positioned, semi-submersible off-shore drilling rig was an engineering marvel that set the record for drilling the world’s deepest oil well in September 2009. The roughly 7-mile-deep well is now infamous for being the site of the single largest off-shore oil spill in history, a disaster that captured the attention of world media for over 3 months. While BP has accepted...
ZUG, Switzerland, Sept. 4, 2012 /PRNewswire/ -- Noble Corporation (NYSE:NE) today reported that its seven active rigs operating in the U.S. Gulf of Mexico sustained no damage as a result of Hurricane Isaac. In preparation for the storm, the Company had suspended operations on these rigs, with each unit generally operating at a dayrate reduced to 90 percent to 95 percent of its full operational dayrate through the seven-day duration of the event. All seven rigs have redeployed crews...
COVINGTON, La., Sept. 4, 2012 /PRNewswire/ -- Hornbeck Offshore Services, Inc. (NYSE: HOS) announced today that it has expanded its OSV Newbuild Program #5 and has commenced a new 200 Class OSV Retrofit Program, among other recent developments. Following are highlights of this announcement: Exercises first four of 48 shipyard options for two additional 310 class OSVs and two additional 320 class OSVs Extends exercise dates for 44 remaining options by ~60 days each, while...
COLLEGE STATION, Texas, Aug. 23, 2012 /PRNewswire-USNewswire/ -- The worst drought to hit the United States in at least 50 years does have one benefit: it has created the smallest "dead zone" in the Gulf of Mexico in years, says a Texas A&M University researcher who has just returned from gulf waters. (Logo: http://photos.prnewswire.com/prnh/20120502/DC99584LOGO) Oceanography professor Steve DiMarco, one of the world's leading authorities on the dead zone, says he and other...
Latest Gulf of Mexico Reference Libraries
The Gulf of Mexico is an ocean basin that is largely surrounded by the continent North America and the island of Cuba. It’s bordered on the northeast, north, and northwest by the Gulf Coast of the United States, towards the southwest and south by Mexico, and towards the southeast by Cuba. It’s often referred to as the “Third Coast” in Texas and Louisiana, in comparison with the U.S. Pacific and Atlantic Coasts. The shape of its basin is more or less, an oval and is about 1,500...
The American Mediterranean Sea is the combined waterbody of the Gulf of Mexico and the Caribbean Sea. The American Mediterranean’s surface area is 4.319 million square kilometers and an average depth of 7,270 feet. The basins of the sea include those of the southern Caribbean: The Venezuelan, the Magdalena River, the two Colombians and the Gulf of Darien; and the Yucatan Basin. It also consists of the Mexican and the Mississippi basin, both of the Gulf of Mexico. The sea is considered...
The above graph highlights how the ENSO has an impact on water temps. Northern Gulf of Mexico during EL-Nino: The first part of March during this EL-Nino cycle saw water temps in the 56-60F range, while the 8-14th saw water temps warm to the 60-64F range. By the third week of March temps had maintained 60-64F. The last week of March the temps dropped back to around 56-60F. Northern Gulf of Mexico during LA-Nina: The first week of March saw water temps approach the 70-72F range, by the...
As of 2:30pm Friday afternoon an area of disturbed weather has intensified in coverage over the Northeast Gulf of Mexico. At this time the NHC has given the area a 0% of development. As it continues to track westward across the Gulf of Mexico it will bring increased winds/seas and heavy precipitation to the area. Severe weather also can’t be ruled out with this system as it continues westward over the next couple of days. Places that are going to be impacted with increased seas will be any...
When it comes to learning about the weather it is very important to understand about the oceans. The reason for this is that ocean currents can play a major role on not only weather but also the climate of a region. The current that we are looking at is called the Loop Current. If you look at the image above you can see that it’s situated just off the west coast of Florida and extends into the Gulf of Mexico. The Loop current is a warm current and this creates a warmer surrounding in...
