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Editorial: Volatile deepwater context
The offshore oil and gas industry must look past facile headlines generated by US President Barack Obama's June 8 television interview with MSNBC's Matt Lauer and heed deeper political sentiments on painful display there.
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Canadian oil sands to lead US imports
Canadian oil sands are poised to become this year the main source of crude imports by the US, according to new research from IHS Cambridge Energy Research Associates, Inc.'s (IHS CERA) Canadian Oil Sands Dialogue.
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Canada's share grows as US oil suppliers change
In 2009, when domestic production satisfied only 40% of its demand for oil, the US relied on imports from 40 countries.
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BP starts collecting oil and gas from blowout well
On June 5, the lower marine riser package (LMRP) containment cap, which was installed by BP PLC on the top of the Deepwater Horizon's damaged riser in the deepwater Gulf of Mexico, had collected and transported 10,500 bbl of oil to the Discoverer Enterprise drillship.
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BP working to rebuild trust as it responds to spill
BP PLC's response to the Gulf of Mexico crude oil spill remains its top priority, but its top executives also are working to rebuild confidence and trust in the multinational oil company and to ensure that such an accident never happens again, they told shareholders on June 4.
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Louisiana lawmakers see harm from deepwater moratorium
Several members of Louisiana's congressional delegation expressed concern over potential economic impacts of a 6-month deepwater drilling moratorium on the state's economy as President Barack Obama last week prepared to visit the Gulf Coast for a third time since the Apr. 20 well blowout and rig explosion and subsequent spill into the Gulf of Mexico.
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Watching Government: Obama sends mixed signals
US President Barack Obama signaled again on June 2 that he considers the Gulf of Mexico oil spill a wake-up call for Congress to pass climate-change legislation that will move the nation closer to alternative energy sources.
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EIA estimates drilling ban's impact on gulf output
Production of oil from the US Gulf of Mexico will drop by an average 26,000 b/d during the fourth quarter and roughly 70,000 b/d during 2011 as a result of the Obama administration's 6-month moratorium on deepwater drilling, the US Energy Information Administration forecasts.
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DOI issues directive with new offshore safety rules
The US Department of the Interior issued a directive to offshore oil and gas lessees and operators implementing seven safety requirements which Interior Sec. Ken Salazar recommended in his 30-day safety report to President Barack Obama.
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Climate-change bill's outlook still uncertain, experts say
Prospects for congressional passage of climate change legislation in the wake of BP PLC's oil spill in the Gulf of Mexico remain uncertain despite President Barack Obama's call for action, experts at Deloitte LLC's 2010 Washington energy conference said on June 7.
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JV forms to expand Marcellus, Huron shale processing
Yet more infrastructure is in the works for shale plays in the eastern US.
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Watcing The World: Yemen eyes gas revenues
The oil and gas industry is well aware of problems taking place in Yemen, where oil production is on a steady decline.
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UK to double inspection rate for offshore rigs
The UK Department of Energy and Climate Change (DECC) will inspect offshore drilling rigs with increasing frequency in response to the Apr. 20 blowout of the BP Macondo well and ongoing oil spill in the Gulf of Mexico.
