Follow the logic: A blowout in deep water causes a massive oil spill that soils beaches, disables wildlife, and disrupts fishing and tourism; therefore, a pipeline that would carry oil produced onshore over land shouldn't be built.
Global oil demand will grow more this year than it declined in 2009 and will surpass the 2007 record high "at least 2 years earlier than consensus projections" a year ago, said Paul Horsnell, managing director and head of commodities research at Barclays Capital.
What now for what used to be the US Minerals Management Service? Even before the Macondo blowout put its credibility in question, the agency was under siege.
Drilling onshore in the US and in western Canada is enjoying a brisk uptick from 2009 as US Gulf of Mexico activity succumbs to federal regulatory uncertainty.
While tight carbon constraints could lead to less natural gas being used to generate power in the long run, gas will play a substantial part in the coming decades in enabling substantial near-term carbon emissions reductions, a new Massachusetts Institute of Technology study concluded.
The sponsor of the proposed Keystone crude oil pipeline from Canada emphasized its safety and reliability prior to the US Department of State's public hearing before the comment period ends on July 2.
Encana Corp. and China National Petroleum Corp. signed a heads of agreement under which they would negotiate a joint venture to develop Encana's Northeast British Columbia gas plays
Iraq, seeking to double its domestic refining capacity and reduce expensive imports, has offered discounted oil and acreage to companies willing to invest $20 billion on four refineries.
The oil and gas industry should be pleased to hear that Nobel Peace laureate Elie Wiesel has launched a global campaign to free imprisoned Russian oil magnate Mikhail Khodorkovsky.
The first of two relief wells was within 16 ft horizontally of the runaway deepwater Macondo well in the Gulf of Mexico off Louisiana on June 30, and drilling continued while Hurricane Alex approached Mexico, spill response spokesmen said.
Spill-response officials estimate they need 120 hr to move vessels and rigs away from the runaway Macondo well in the Gulf of Mexico before the anticipated arrival of any gale-force winds.
The US Senate Energy and Environment Committee's June 24 hearing attracted a crowd to hear senators discuss four bills responding to the Gulf of Mexico deepwater well blowout.
Changes at what used to be the US Minerals Management Service will be more than cosmetic, the agency's new director and Interior Sec. Ken Salazar told the Senate Energy and Natural Resources Committee.
A subsidiary of Reliance Industries Ltd. (RIL), Mumbai, has entered a joint venture with Pioneer Natural Resources Co., Dallas, and a partner in a $1.35 billion deal that will support the drilling of 356 horizontal wells/year in the Eagle Ford shale play of South Texas through 2013.
Beach Energy Ltd., Adelaide, has signed a production-sharing agreement with the Tanzanian government for a 100% interest in the Lake Tanganyika South concession in the western part of the country.
A cash flow analysis determined that the coalbed methane resources in 42 major basins in China were 36% economic, 14% marginally economic, and 50% uneconomic to develop.
Nigeria Liquefied Natural Gas achieves a wide variety of operating modes, depending on the degree gas supply is constrained, with NLNG's 3 water-cooled liquefaction trains, 3 air-cooled liquefaction trains with waste-heat recovery, 10 gas-turbine power generators, in-train and common NGL fractionation units, and 5 condensate stabilizers.
Nelson-Farrar indexes for finished steels changed drastically during 2006-09. Generally speaking, the alloy steels changed less than carbon steel products.
A project performing pipeline-risk mapping of the Persian Gulf region using a geographic information system has validated an early emphasis on risk management in making pipeline routing decisions.
