Wall Street reform law creates foreign-payment legal hazards
On July 21, 2010, US President Barack Obama signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Higher costs, consolidation expected in Gulf of Mexico
Drilling costs and operating expenses in the Gulf of Mexico are apt to escalate in the aftermath of the explosion on Transocean Ltd.'s Deepwater Horizon semisubmersible and the subsequent oil spill from BP PLC's Macondo well off Louisiana.
BP to cut Macondo drill pipe; swap BOP
Choppy seas delayed BP PLC's plans to retrieve the Transocean Ltd.'s Deepwater Horizon semisubmersible blowout preventer (BOP) with two pieces of pipe inside it and to install another BOP.
Offshore oil planning requires more science, spill commission told
More robust science is clearly needed in federal offshore oil and gas planning, several witnesses told US President Barack Obama's independent commission on the Gulf of Mexico oil spill and offshore drilling on Aug. 25.
Watching Government: OCS reform obstacles
The evolving sentiment as the president's oil spill commission heard testimony on Aug. 25 in Washington was that offshore oil and gas activities require more frequent and effective government inspections.
Offshore safety must be continuous, ex-DOI official says
Offshore oil and gas safety programs must be continuous as well as robust, a former US Department of the Interior official told President Barack Obama's independent commission on the Gulf of Mexico oil spill and offshore drilling on Aug. 25.
DOE lab breakthrough could enhance gas, hydrate use
A process and related technology that research at the US Department of Energy's National Energy Technology Laboratory (NETL) helped to develop could enhance the use of natural gas and the world's vast methane hydrate resources, DOE's Fossil Energy Office announced.
Watching The World: Russia's oil weapon
Russian leaders continue to play political games with their country's oil and gas, now using a new pipeline to China as a means of rattling the oil weapon.