Latest Oil & Gas News
The powers that be
August 30,2010 --Seattle geologist and writer Scott L. Montgomery has authored a book under the above title from which many on the planet could learn a lot about energy.....More
The mosque and oil
August 30,2010 --The oil and gas industry has strong interests in the ugly controversy over plans to build a Muslim activities center two blocks from Ground Zero—the New York site of terrorist attacks on Sept. 11, 2001. ....More
Why scorn report about shrinking mess in the gulf?
August 30,2010 --The Apr. 20 blowout of the Macondo wildcat off Louisiana, with its 11 deaths and consequent oiling of the Gulf of Mexico, wasn't bad enough to suit some people.....More
Policy changes pending for ethanol
August 30,2010 --The ethanol industry this fall will face important policy challenges for which it may not be fully prepared, including expiration of supportive tax credits and tariffs and a government decision whether to expand the amount of biofuel allowed in ga.......More
Hydrates slow removal of pipe from Macondo well
August 30,2010 --BP PLC flushed hydrates from inside Transocean Ltd.'s Deepwater Horizon semisubmersible blowout preventer and a capping stack on the blown-out Macondo well in the Gulf of Mexico.....More
Transocean outlines indemnity language in Deepwater Horizon contract
August 30,2010 --Transocean Ltd., owner of the Deepwater Horizon semisubmersible drilling rig, filed a quarterly report with the US Securities and Exchange Commission outlining 206 claims filed against it as of June 30 in various state and federal courts concernin.......More
Enbridge announces Bakken crude pipeline system expansion
August 30,2010 --Enbridge Inc. affiliates Enbridge Energy Partners LP (EEP) and Enbridge Income Fund (EIF) announced Aug. 24 a joint project to further expand crude oil pipeline capacity for growing production in the Bakken and Three Forks formations in Montana, N.......More
Piceance basin oil-shale study finds 1.5 trillion bbl in place
August 30,2010 --An estimated 1.5 trillion bbl of oil in place lies in Western Colorado's Piceance basin oil shale, the US Geological Survey said in the first comprehensive assessment published since 1989.....More
Study: Cutting IDC, Sect. 199 breaks hurts gas more than oil
August 30,2010 --Eliminating federal tax deductions for intangible drilling costs and for US oil and gas production expenses would hurt oil production growth and devastate future US natural gas development, a Wood Mackenzie study commissioned by the American Petro.......More
Watcing Government: No place to hang out
August 30,2010 --Oil and gas production safety has been a major issue since 11 workers died when the semisubmersible rig drilling BP PLC's Macondo deepwater well exploded on Apr. 20. ....More
Venezuela's oil exports down 16% in 2Q
August 30,2010 --Venezuela's oil exports dropped 16% in this year's second quarter, largely due to increased use of domestic fuels for electric power, according to a quarterly report by the central bank.....More
Uganda's president wants final approval of all oil, gas deals
August 30,2010 --Uganda's President Yoweri Museveni, apparently spurred by recent difficulties between his government and Heritage Oil PLC over taxes, said no future oil or gas agreements are to be agreed upon without his approval.....More
Watching The World: Yamani foresees OPEC's demise
August 30,2010 --Remember Sheikh Ahmed Zaki Yamani? The man who is famous for that saying about the Stone Age? You know: the Stone Age did not end because people ran out of stones?....More
First deepwater oil found off East Africa
August 30,2010 --An exploratory well off Mozambique has penetrated 38 m of net oil and gas saturated sands in the upper of two Cretaceous fan lobes, signaling the first documented occurrence of liquids hydrocarbons in deep water off East Africa.....More
Mitsubishi, PWE to form Canadian shale gas joint venture
August 30,2010 --Penn West Energy Trust (PWE) agreed to form a 50-50 joint venture with Mitsubishi Corp. to develop PWE's shale gas assets in the Cordova Embayment area and some of its conventional gas assets in the Wildboy area of northeastern British Columbia.....More
Trinidad and Tobago reports changes to PSCs
August 30,2010 --Trinidad and Tobago announced changes to its production-sharing contracts, reverting to one similar to its 1995 model.....More
Afghanistan claims 1.8 billion bbl oil field find
August 30,2010 --Afghanistan's ministry of mining announced the discovery of an oil deposit in the northern region of the country, estimating reserves of 1.8 billion bbl.....More
Long-term natural gas focus seen to persist
August 30,2010 --Despite the near-stampede to oilier unconventional plays, the US upstream sector remains a highly natural gas-focused industry that is navigating a "messy period" that may not end gracefully.....More
Marathon, Dominion settle royalty claims
August 30,2010 --Two more producers agreed to make payments to settle federal charges that they knowingly underpaid natural gas royalties in an ongoing investigation originating with a whistle-blower's lawsuit, reported the US Justice Department and the Bureau of .......More
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