EU, OPEC strategic dialog highlights shared interests
In the second part of the last century oil producing and consuming nations' interests were seen as mutually exclusive.
BP working on multiple options to stop gulf oil spill
BP PLC executives planned to contain the oil spill in the Gulf of Mexico using a small containment structure, which they call a top hat.
Senators grill industry witnesses at oil spill hearings
Testifying May 11 before two US Senate committees, top executives from BP America Inc., Transocean Ltd., and Halliburton Co. said that full investigations would be required to determine the cause behind the blowout of the Macondo well and subsequent explosion and fire on the Deepwater Horizon semisubmersible rig in the Gulf of Mexico.
Graham: Oil spill hurts climate bill's chances of success
The Gulf of Mexico rig accident and oil spill has made prospects for US Senate passage of a compromise climate bill with more offshore oil and gas activity bleak, Sen. Lindsey O. Graham (R-Ala.) conceded.
WATCHING GOVERNMENT: Rushing the ethanol ruling
The leading US oil and gas, automotive, and outdoor power equipment trade associations are concerned that the US Environmental Protection Agency might permit ethanol's allowable motor fuels limit to rise without fully considering the consequences.
Oil firms across industry help with oil spill response
Many oil companies offered technical expertise and equipment to BP PLC and the oil spill response team in a cooperative effort to stop the flow from a leaking deepwater well and help mitigate environmental damages.
Interior proposes split of MMS's safety, leasing duties
US Department of the Interior Secretary Ken Salazar proposed dividing the US Minerals Management Service and separating its environmental and safety regulations enforcement from its leasing and royalties collection operations.
WATCHING THE WORLD: Falkland Islands tensions rise
Predictably enough, tensions between Argentina and the UK again are on the rise after Rockhopper Exploration PLC last week said further tests indicate the oil it discovered near the Falkland Islands can be commercially exploited.
ESAI review: $70-90/bbl oil seen as sustainable range for next 2 years
In its latest Stockwatch Quarterly Review, Energy Security Analysis Inc. (ESAI), Boston, forecasts that over the next 2 years, the fundamentally sustainable price range for crude is $70-90/bbl.