Ithaca Energy (TSX: IAE, LSE AIM: IAE) is moving forward on its Greater Stella Area project in the UK central North Sea.

All frontiers invariably inspire expeditions. This has been true for the exploration and development of hydrocarbon as it was for the discovery and exploration of Mt. Everest.

The Anadarko Petroleum Corp. (NYSE: APC) Phobos-1 well in the deepwater Gulf of Mexico encountered approximately 250 net feet (76 m) of high-quality oil pay in Lower Tertiary-aged reservoirs.

Chevron has successfully completed three wells in the deepwater Gulf of Mexico using Halliburton’s Enhanced Single-Trip Multizone (ESTMZ) FracPac System.

The Marine Well Containment Co. will house its subsea umbilicals, risers, and flowlines (SURF) equipment at Mobile, Alabama.

LLOG Bluewater Holdings LLC has contracted the newbuild drillship West Neptune for three years from Seadrill (XOSL:SDRL) for $662 million.

The American Petroleum Institute and the US Bureau of Safety and Environmental Enforcement both have issued new standards and rules that affect operations in the Gulf of Mexico.

Chevron Corp. (NYSE: CVX) has an oil discovery at the Coronado prospect in the deepwater U.S. Gulf of Mexico.

The Shenandoah 2 deepwater Gulf of Mexico appraisal well has found more than 1,000 net feet (305 net m) of oil pay in multiple Lower Tertiary reservoirs.