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Editorial: A different operator?
A bedrock question for deepwater drilling off the US is whether the Macondo well would have blown out if a different company had been operator.
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BP spill: Drilling ahead of schedule for first relief well
Drilling is ahead of schedule on the first of two relief wells aiming to kill the flow from the runaway Macondo well on Mississippi Canyon Block 252 in the Gulf of Mexico, BP PLC reports.
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Gas output, light-oil needs reshaping condensate trade
Rising production of natural gas and the growing need for light products are reshaping the market for condensate, especially in the East of Suez region encompassing the Middle East and Asia.
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BP says accident, spill will change deepwater drilling
The Deepwater Horizon drilling rig accident and resulting oil spill must change the way industry works, according to Steve Westwell, BP PLC's chief of staff.
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Anadarko says BP reckless' in Macondo well
Controversy over the fatal Macondo well blowout and oil spill in the Gulf of Mexico took an abrasive turn June 18 when a partner in the well accused the operator of recklessness.
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US judge blocks offshore drilling ban; DOI to appeal
A federal judge in New Orleans on June 22 blocked the US government's 6-month moratorium on new deepwater drilling in the Gulf of Mexico, and a White House spokesman said the Obama administration plans to appeal.
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Watching Government: Calculating a spill's costs
The emphasis so far in responding to BP's blowout well and oil spill in the Gulf of Mexico has been on containing and disposing of the crude and trying to protect aquatic life and nearby coastlines.
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BP to establish $20 billion oil spill compensation fund
BP PLC agreed to establish a $20 billion escrow fund to compensate victims of the Gulf of Mexico oil spill from its well, US President Barack Obama and BP announced separately following a June 16 White House meeting.
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Connacher starts up Algar SAGD plant
Connacher Oil & Gas Ltd. reported the start up of its 10,000 b/d Algar steam-assisted gravity drainage plant at its Great Divide oil sands complex in northeastern Alberta.
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IHS CERA sees upturn in upstream, downstream costsIHS CERA sees upturn in upstream, downstream costs
The global costs of building and operating upstream oil and gas facilities showed signs of an upturn in this year's first quarter following last year's slump, according to IHS Cambridge Energy Research Associates (IHS CERA).
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IEA releases medium-term oil, natural gas outlooks
The outlook for crude oil and natural gas markets is uncertain, said Nobuo Tanaka, executive director of the International Energy Agency at the June 23 launch of the agency's Medium Term Oil and Gas Markets 2010 publication in Paris.
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LNG terminals to relieve Indonesia gas shortage
The Indonesian government believes that construction of three new LNG receiving terminals in West Java, East Java, and North Sumatra is the best way of reducing the country's acute shortage of natural gas supplies.
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Watching The World: Any port in a storm
Japanese containership operators are taking advantage of their seamanship to enter the offshore oil and gas industry, setting sail in particular for Brazil's presalt layer.
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API: US gasoline demand dampened by higher prices
US gasoline deliveries fell 0.4% year-to-year to an average 9.05 million b/d last month—their lowest May level since 2003, the American Petroleum Institute said in its latest monthly statistical report.
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Study notes growth of Chinese NOCs
Aggressive asset purchases and mergers will push net overseas oil and gas production by China's three large national oil companies (NOCs) to a record 1 million boe/d this year, says a study by Wood Mackenzie.
