-
Producers, refiners post improved second-quarter 2010 earnings
Stronger crude oil and product prices in the second quarter of 2010 lifted the combined earnings of a group of US and Canadian oil and gas producing companies and refiners from rather dismal results in second-quarter 2009.
-
Deepwater drilling moratorium may temporarily cost 8,000-12,000 jobs, Senate panel told
The Obama administration's deepwater drilling moratorium could cut net oil and gas spending on the Gulf Coast by $1.8 billion and temporarily cost 8,000-12,000 jobs, an administration official told the US Senate Small Business and Entrepreneurship Committee.
-
BP confirms completion of Macondo well kill operations
The deepwater Macondo well, source of a massive oil spill in the Gulf of Mexico, was killed, operator BP PLC said Sept. 19 in a long-awaited announcement.
-
Salazar, Chu declare Macondo well 'effectively dead'
US Interior Sec. Ken Salazar and Energy Sec. Steven Chu declared BP PLC's Macondo well "effectively dead" on Sept. 19, but pledged in a joint statement to continue working to clean up remaining spilled oil and restore the US Gulf Coast.
-
Proposed ozone standard would devastate US economy, API warns
A US Environmental Protection Agency proposal to reduce the national primary ozone standard to 60 ppb from 75 ppb would devastate the US economy by forcing most of the country to meet stringent standards which now are imposed of its most heavily populated areas, the American Petroleum Institute warned.
-
Watching Government: Freudenthal's warning
The US Environmental Protection Agency apparently plans to ask states to implement regulations it is developing to limit greenhouse gas emissions. Wyoming Gov. Dave Freudenthal has said that the state can't.
-
Older vehicles can safely use E15, RFA-backed study finds
Raising the allowable ethanol limit in gasoline to 15% from 10% will cause little, if any, change in the engine performance of cars and light trucks manufactured from 1994 to 2000, a study commissioned by the Renewable Fuels Association concluded.
-
Technology critical to future energy supply, executive says
Industry must continue to find and produce oil and natural gas from increasingly complex geological settings in remote regions and deeper waters, said Schlumberger Ltd. Chairman and Chief Executive Officer Andrew Gould.
-
CERA: Tax hikes would hit already hamstrung US oil industry
White House proposals to increase oil and taxes would harm a US industry that is already having trouble competing globally, officials from the US Chamber of Commerce and IHS Cambridge Energy Research Associates warned.
-
Federal legislation proposed after California gas line blast
US Sec. of Transportation Ray LaHood sent legislation to Congress on Sept. 15 to increase federal natural gas pipeline oversight and increase the maximum fine for serious violations to $2.5 million from $1 million.
-
France sees second attack on energy workers in West Africa
The French government was faced with a second attack by hostage-takers on its West African energy interests in less than a week, after pirates seized three French seamen off Nigeria just days after Al-Qaeda militants took five French nationals in neighboring Niger.
-
Watching The World: New lamps for old
It's not exactly oil lamps that we are talking about, but you will get the drift on hearing that Japan's government wants to ship wastewater to oil-producing countries in the Middle East in exchange for crude oil.
-
WoodMac: Indonesia's coalbed methane potential looms
The fledgling coalbed methane industry in Indonesia eventually could deliver as much as 15% of Indonesia's gas supply needs, a recent report from Wood Mackenzie Ltd. says.
