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General Interest 2011 P14

  • 11/01/2011 -- Transocean seeks summary judgment against BP in oil spill
    Transocean Ltd. on Nov. 1 filed a motion for summary judgment requesting the US District Court in New Orleans compel BP PLC to hold Transocean harmless for damages associated with the 2010 Macondo well blowout and resulting massive oil spill off Louisiana in the Gulf of Mexico.
  • 11/01/2011 -- Zion adds geoscience staff, Carrillo as president
    Zion Oil & Gas Inc., Dallas, has appointed Victor G. Carrillo as president and chief operating officer.
  • 10/31/2011 -- Eni: Global oil demand up 3.4% in 2010; Russia leads producers
    Oil demand during 2010 rose to 87.9 million b/d, up 3.4% from 2009, driven by developing countries' population and per capita income growth and by government subsidies to oil product prices, Eni SPA said in the tenth edition of its World Oil and Gas Review.
  • 10/31/2011 -- Statoil threatens UK gas supplies over green policies
    Norway’s Statoil has threatened to sell its North Sea natural gas to other markets if the UK’s Energy Sec. Chris Huhne prevails in his efforts to expand the country’s use of renewable energy and curb the growth of fossil fuel power plants.
  • 10/31/2011 -- GAO warns of federal financial risks from mounting Macondo claims
    Damage claims from the 2010 Macondo well incident and crude oil spill and the federal government’s overall government spill response framework pose evolving, uncertain risks to the government and its Oil Spill Response Fund, the US Government Accountability Office said in an Oct. 24 report.
  • 10/31/2011 -- GAO urges USCG to develop offshore security inspection policies
    The US Coast Guard has tried to address offshore oil and gas operations’ security issues, but could improve its process for managing security inspections, the US Government Accountability Office said in an Oct. 28 report.
  • 10/31/2011 -- MARKET WATCH Oil prices pull back after traders take closer look at EU deal
    Crude oil prices pulled back slightly Oct. 28 as investors began questioning details of the European Union’s debt crisis agreement that had triggered a 3% jump in the front-month crude futures contract the previous session on the New York market.
  • 10/28/2011 -- Deloitte: MENA NOCs to invest $140 billion in 2011
    National oil companies in the Middle East and North Africa region will invest some $140 billion in the oil and gas industry this year, with even more to follow in coming years, according to a recent report.
  • 10/28/2011 -- ESAI: Russia aligned to globally 'enhance market power'
    Changes in Russia’s taxation policies will have a positive effect on the country’s upstream development, enabling a high level of exports for years to come, according to a report by ESAI Energy LLC.
  • 10/28/2011 -- Shell questions EU policies on competition
    Royal Dutch Shell PLC’s Chief Financial Officer Simon Henry said the firm likely will continue to reduce its investment in countries of the European Union due to long-term concerns over the continent’s policies on competitiveness.
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