FACTS: China to top Japan in gas imports
China will surpass Japan as Asia's largest natural gas importer through a combination of LNG and pipeline gas in 5-10 years, according to FACTS Global Energy Group in an August report.
Economist warns of slowdown in Chinese oil-demand growth
Ever-increasing Chinese oil-demand growth, a staple of market forecasts, can't last forever, warns a veteran energy economist.
BP delays plans for deepwater drilling off Libya
BP PLC has delayed the launch of its deepwater exploration for oil off Libya for an unspecified period of time in an effort to ensure that its plans are in order.
Watching The World: Turkey defies US sanctions
Turkey's Energy Minister Taner Yildiz, apparently in defiance of recently strengthened US sanctions against Iran, said his country will support Turkish firms that sell gasoline to the Islamic Republic.
Mining firm agrees to pay up to $9.6 billion for Cairn India
Vendata Resources PLC, London, has entered a conditional agreement with Cairn Energy under which it will pay as much as $9.6 billion in cash for up to 60% of Cairn's Indian subsidiary.
Government, industry cite offshore regulatory gaps
The investigation of the Gulf of Mexico Macondo well blowout, rig explosion, and oil spill has found significant regulatory and operations gaps that need to be closed, government and industry witnesses told a National Academies of Science committee studying the Apr. 20 event and its causes.
BP, scientists study how to safely finish deepwater relief well
Federal scientists and BP PLC studied how to best complete the relief well to kill the deepwater Macondo well in the Gulf of Mexico.
Watching Government: Battling onshore leaks
The US House Transportation and Infrastructure Committee, which has held hearings on oil and gas pipeline safety this spring and summer, has scheduled one for Sept. 15 specifically dealing with Enbridge Inc.'s July 26 pipeline rupture in Michigan.
DOI curbs CX use offshore in wake of CEQ report
The US Department of the Interior will restrict its use of categorical exclusions (CXs) to activities involving limited environmental risk as it reviews its National Environmental Policy Act (NEPA) process and use of CXs on the US Outer Continental Shelf, officials said.