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Editorial: Need for regulation
Supporters of nonfossil energy are using a deepwater blowout and oil spill in the Gulf of Mexico to advance their agendas.
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US oil, gas firms' 1Q earnings rebound from year-earlier loss
The combined first-quarter 2010 earnings were vastly improved for a sample of US-based oil and gas producers and refiners.
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BP containing some oil being spilled in Gulf of Mexico
BP PLC worked toward using a "top kill" to seal a deepwater blowout and stop an oil spill in the Gulf of Mexico while workers also collected a growing share of the leaking oil.
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Lawsuit seeks to stop operations at BP's Atlantis platform
A former BP PLC contractor and a Washington, DC, nonprofit group asked a US District Court in Houston to issue a temporary injunction that would compel federal officials to temporarily prohibit BP from operating its Atlantis platform in the Gulf of Mexico.
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Officials: Spill technologies unproven but informative
Officials from President Barack Obama's administration conceded on May 18 that the combined government-industry response to the Gulf of Mexico oil spill sometimes has to apply unproven technologies.
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Spill liability splits Senate; DOI, DHS seek BP position
US senators continued to argue over the need to raise the $75 million liability limit under the 1990 federal Oil Pollution Act (OPA) as two key members of US President Barack Obama's cabinet sought assurance from BP PLC's chief executive officer that the company doesn't plan to rely on it.
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Watching Government: Congress goes after MMS
Congress may feel helpless in trying to stop the Gulf of Mexico oil spill. But it's ready to go after the US Minerals Management Service.
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IPAA: Excessive liability limits will drive independents from gulf
Independent oil and gas producers that have operated safely in the Gulf of Mexico for 40 years should not be pushed out by dramatically higher spill liability limits, Independent Petroleum Association of America Pres. Bruce H. Vincent said.
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Forum: Alberta oil sands 'source of strategic value'
Alberta's oil sands represent not only a major North American source of energy and economic growth, but also an important laboratory for environmental management technologies, participants at a Washington forum agreed.
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US refinery chemical demand to top $7 billion in 2014
Demand for chemicals used in US refineries will expand 5%/year to $7.1 billion in 2014.
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EU against a Gazprom-Naftohaz Ukrainy merger
European Union Energy Commissioner Gunther Oettinger, who earlier disdained a proposal by Russia's Prime Minister Vladimir Putin, said Brussels and Kiev have agreed to intensify their discussions on energy.
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Watching The World: Oil diplomacy scores a victory
The oil and gas industry is ready to profit from the end of a long-running maritime dispute between Guyana and Suriname, with numerous companies interested in the region.
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US court rejects bid to halt Shell's Alaskan offshore program
The Ninth US Circuit Appeals Court rejected on May 13 a lawsuit by several environmental and other groups aimed at keeping Shell Offshore Inc. from drilling on its Beaufort Sea and Chukchi Sea leases off Alaska this summer.
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Oxy sees major growth in US shale liquids
Occidental Petroleum Corp. said it derives more than 25% of its California production from shales and that its California shale development program could become the company's largest business unit within 10 years.
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Crosco National 801 drilling for Total E&P in Libya
Crosco Integrated Drilling & Well Services Co. Ltd. has reported the ongoing and successful provision of drilling services for Total E&P Libye in Libya.