Editorial: Buying votes with energy
As President Barack Obama seeks to buy votes for party colleagues with fanciful promises about energy, the US has new reason to resist his costly ploy and all others like it.
Rage over Macondo greater than past disasters
Any disaster with loss of life and grave environmental damage is upsetting, but the Macondo blowout in the Gulf of Mexico has generated unprecedented rage and vindictiveness among both the public and elected officials toward not only the involved companies but the deepwater oil and gas industry as a whole.
BP's first relief well 'perfectly positioned' from Macondo
An integrity test on the deepwater Macondo well in the Gulf of Mexico continued for several days as operator BP PLC and federal officials evaluated whether pressure readings might indicate reservoir depletion.
House panels pass bills directed at deepwater drilling
Two US House committees passed bills after returning from Congress's Independence Day recess in response to the Gulf of Mexico deepwater well blowout, rig explosion, and oil spill.
Watching Government: Making US ocean policy
As the Obama administration's efforts to stop, contain, and clean up the massive oil spill in the Gulf of Mexico ended their third month, a White House task force issued a report with broader US ocean policy implications.
BP plan to divest Pakistan assets seen as 'expected' moveBP plan to divest Pakistan assets seen as 'expected' move
BP PLC has reportedly decided to divest its exploration and production operations in Pakistan by yearend, according to a company spokeswoman.
Apache buys BP assets for $7 billion
BP PLC said it has entered into several agreements to sell Apache Corp. some of its upstream onshore assets valued at $7 billion.
Petronas unit to lay Indonesian natural gas line
Pertronas exploration unit Petronas Carigali Sdn. Bhd. plans to build a 200-km pipeline to Indonesia's Tambak Lorok electric power plant in East Java from the Kepodang gas block off Central Java, according to a senior government official.
Watching The World: Libya's oil on troubled waters
The oil and gas industry is used to interesting surprises, but one came up last week that is of special interest.
Oil majors outline plans for rapid spill response in gulf
Four oil majors announced plans July 21 to build and deploy a rapid response system that would be available to capture and contain oil in the event of a future well blowout in the deepwater Gulf of Mexico.