COMMENT: Oil production limits mean opportunities, conservation
In the face of looming oil production shortfalls, all individuals as well as nations as a whole will have to use less oil.
CERA study disputes peak-oil capacity growth arguments
World oil and NGL production capacity could increase by as much as 25% by 2015, with NGLs and extra-heavy oils accounting for much of the capacity growth, said Cambridge Energy Research Associates, Cambridge, Mass.
WATCHING GOVERNMENT: Assessing oil pipeline risks
It quickly grew obvious that US regulators would expand their crude oil pipeline oversight after BP PLC announced 2 weeks ago that it had to shut down part of its Alaska North Slope system because of internal corrosion.
BP to maintain half Prudhoe Bay field production
BP Exploration (Alaska) Inc. decided it could safety continue production from the Prudhoe Bay Western Operating Area (WOA), following review of WOA pipeline inspection data and extensive consultations with federal and state regulators.
WATCHING THE WORLD: Khodorkovsky stuck in Siberia
Oil tycoon Mikhail Khodorkovsky, former head of Russia’s OAO Yukos, has lost his bid to change the location of his confinement.
Congress seeks more data about ANS shutdown
Energy leaders on both sides of the US Capitol demanded more information on Aug. 10 as BP PLC moved ahead with plans to shut down much of its crude oil pipeline system on Alaska's North Slope.
Barton to Browne: BP’s Prudhoe Bay actions ‘inexcusable’
House Energy and Commerce Committee Chairman Joe Barton (R-Tex.) questioned BP PLC’s commitment to safety, reliability, and responsible stewardship of US energy resources on Aug. 11.
PHMSA orders BP to conduct further ANS inspections
The US Pipeline and Hazardous Materials Safety Administration (PHMSA) issued new orders to BP Exploration (Alaska) Inc. on Aug. 10, requiring additional rigorous inspections of the company's entire Alaskan North Slope crude pipeline network and outlining safety criteria that the BP PLC division must meet before it can restart its downed line there.
COMPANY NEWS: Oxy to buy assets from Plains E&P for $865 million
Occidental Petroleum Corp. has agreed to buy oil and gas properties, mainly in California and Texas, from Plains Exploration & Production Co., Houston, and certain subsidiaries, for $865 million.
PERSONNEL MOVES AND PROMOTIONS: Exxel Energy names president, CEO
Exxel Energy Corp., Houston, has appointed Clifford V. Adams as the company's president and chief executive.