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Market changes vex Russian gas policies
Adapted from a presentation prepared for the Russian Event sponsored by the Center for Global Affairs, New York University, and The Carnegie Corp., Feb. 26, 2010.
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BP's Hayward to step down as chief executive
BP PLC Chief Executive Tony Hayward agreed to step down from his post, effective Oct. 1, and he will be succeeded by Robert Dudley, executive director who is currently overseeing the Macondo oil spill response.
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BP reports $32 billion charge related to oil spill in gulf
BP PLC announced a pretax charge of $32.2 billion for the Gulf of Mexico oil spill, including a previously announced $20 billion escrow compensation fund.
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BP planning for relief well to kill Macondo blowout starting early August
BP PLC crews drilling the first relief well to the Macondo well tentatively planned to start trying to kill the flow of oil and gas inside Macondo around Aug. 7-9 regardless of the success of a static kill operation, expected around Aug. 2.
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Study outlines economic impact of independents in gulf
Excluding independent producers from the deepwater Gulf of Mexico could eliminate 265,000 jobs and $106 billion in federal, state, and local tax revenue by 2020, a new study by IHS Global Insight in Lexington, Mass., concluded.
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Analyst says Macondo incident 'not terminal' to gulf drilling
The deepwater Macondo well blowout will not prove as detrimental to drilling in the Gulf of Mexico as the Three Mile Island accident proved for the nuclear industry, Douglas L. Becker, an oil services analyst with Bank of America, told an Oilfield Breakfast Forum on July 23.
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Watching Government: The oil spill bill
As US Senate Majority Leader Harry M. Reid (D-Nev.) prepared to unveil oil spill liability legislation, an alliance of Midcontinent producers and national associations representing royalty owners and stripper-well operators warned that the measure could be funded by repealing significant tax incentives.
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House panel asks Transocean for data on rig before blowout
US House Energy and Commerce Committee leaders sent a letter to Transocean Ltd. on July 23 seeking more information on safety practices aboard the Deepwater Horizon and the semisubmersible rig's condition before it caught fire and exploded following the Macondo well's blowout on Apr. 20.
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US House passes R&D bills in response to blowout in gulf
The US House passed two bills on July 21 that would create research programs in response to the Macondo well blowout and resulting oil spill in the Gulf of Mexico.
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Senators press DOI to expedite shallow-water permit processing
Ten US senators from five coastal states urged the US Department of the Interior to expedite consideration of shallow-water drilling permit applications and to provide adequate guidance for applicants seeking new permits.
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Boost in Marcellus shale jobs, economy expected, study says
Development of Marcellus shale natural gas could create 280,000 jobs and add $6 billion of federal, state, and local tax revenues over the next decade, a new study commissioned by the American Petroleum Institute concluded.
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Unconventional gas revolution to reshape global gas dynamics
Global unconventional gas has the potential to reshape global gas dynamics, according to a report by analyst Wood Mackenzie.
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Watching The World: China pushes the boundaries
The international oil and gas industry is no stranger when it comes to maritime disputes.
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Norton, Kempthorne defend OCS decisions in House hearing
Two former US Interior secretaries firmly refused to accept some US House members' efforts to second-guess the DOI officials' offshore oil and gas decisions in light of the Apr. 20 Gulf of Mexico deepwater well blowout, rig explosion, and oil spill.
