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M&A hits highest level in nearly 2 years
Mergers and acquisitions in the US oil and gas sector hit the highest level in 1¾ years during the second quarter, said officials at PricewaterhouseCoopers LLP (PWC) in a recent report.
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Macondo pressure test due before relief well resumes
BP PLC planned another pressure test last week on the Macondo well in the Gulf of Mexico to gain more information about the condition of the annulus before penetration by a relief well.
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Investors ask firms to outline deepwater risks, spill-response plans
A group of investors sent letters to 27 oil and gas companies asking each company to disclose information by Nov. 1 regarding its spill prevention and response plans for offshore operations worldwide following the Gulf of Mexico oil spill.
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Alaska senator offers draft on spill liability
US Sen. Mark Begich (D-Alas.) proposed draft legislation to move discussions forward on developing alternatives to eliminating offshore oil spill liability limits.
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EPA rejects petitions challenging GHG endangerment finding
The US Environmental Protection Agency rejected 10 petitions challenging climate science behind its Dec. 7, 2009, finding that greenhouse gases threaten public health and the environment, and therefore can be regulated under the federal Clean Air Act.
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Watching Government: Studying CBM water
Regulatory framework complications, and not water quality, limit effective management of produced water from coalbed methane wells in five western US basins, a new National Research Council (NRC) report concluded.
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Nationwide LCFS would raise GHGs in US, study finds
Implementation of a nationwide low-carbon fuel standard (LCFS) would increase greenhouse gas (GHG) emissions by as much as 19 million tonnes/year, a study commissioned by the National Petrochemical & Refiners Association concluded.
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Mexico plans careful regulation in deep water
Mexico's formation of deepwater policies in response to the Macondo well blowout, Deepwater Horizon rig explosion, and crude oil spill probably will push drilling of Mexico's first deepwater well into 2011, said the president of its National Hydrocarbons Commission (CNH).
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Watching The World: Uganda ups the ante
The oil and gas industry rarely has a problem spotting politicians, especially when it comes to the matter of taxes.
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UAE confirms terror link to Hormuz tanker attack
Explosives experts in the United Arab Emirates confirmed a Japanese-owned oil tanker steaming through the Strait of Hormuz last week came under a terrorist attack.
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Reliance joins Carrizo in Marcellus shale venture
Reliance Industries Ltd., Mumbai, has taken another step into US unconventional resource plays by entering a venture that envisions the drilling of 1,000 wells in the Marcellus shale fairway.
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Chukchi Sea seismic starting after federal judge's ruling
A federal judge in Anchorage clarified his order enjoining Shell Gulf of Mexico Inc. from exploring its Chukchi Sea leases by allowing permitted seismic surveying to start, Alaska state officials said.
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Denbury presses Gulf Coast EOR projects
Denbury Resources Inc., Plano, Tex., started carbon dioxide injection June 29 in Oyster Bayou field in eastern Chambers County, Tex., and hopes to begin injecting at Hastings field south of Houston around the end of 2010.
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MEG Energy ramps up Christina Lake bitumen production
"Production volumes from our commercial operations at Christina Lake, which commenced in August 2009, have safely ramped up more rapidly than any other [steam-assisted gravity drainage] project that we are aware of, and with one of the lowest SORs," said Bill McCaffrey, MEG Energy Corp.'s chairman, president, and chief executive officer, in a recent company press release.
