Misrepresentation building in the eastern US threatens to limit a technology-based, multiple-location gas play that's reshaping energy markets in ways that benefit US interests such as national security, air quality, employment, and tax receipts.
After weeks of vacillating around $75/bbl, the price of crude climbed to consecutive new 7-week highs the last two September sessions and the first trading day in October, closing at the end of the week above $80/bbl for the first time since Aug. 10.
North American large caps and smaller exploration and production companies now dominate the largest and most economically attractive US shale plays, but the majors and large cap foreign firms are moving in through mergers and acquisitions, said Wood Mackenzie Ltd., Edinburgh, in its latest corporate analysis.
Good science, from wisdom gained responding to earlier offshore spills to new information obtained in the last 6 months, will continue to drive the federal response to the Apr. 20 Macondo well accident and subsequent massive crude oil spill, National Oceanic & Atmospheric Administration Administrator Jane Lubchenco said on Sept. 30.
BP PLC pledged certain Gulf of Mexico assets as collateral for the $20 billion Deepwater Horizon Oil Spill Trust, which was established to pay claims arising from the Apr. 20 Macondo well blowout, explosion on Transocean Ltd.'s Deepwater Horizon semisubmersible, and an oil spill.
Concerns raised following the Apr. 20 Macondo well accident and subsequent oil spill in the Gulf of Mexico may not fully apply to activity off Alaska, witnesses told US President Barack Obama's independent oil spill commission.
The deepwater drilling moratorium should be lifted promptly once the US Bureau of Ocean Energy Management, Regulation, and Enforcement issues new safety regulations, an American Petroleum Institute official said.
The Pennsylvania House of Representatives' passage of a bill establishing a natural gas severance tax less than 2 weeks before the 2010 Marcellus Summit opens at Pennsylvania State University was a dramatic reminder of the issue's importance in the Keystone State.
The oil and gas industry is climbing technical, geological, operational, and political learning curves in tackling the numerous US unconventional gas and oil drilling plays, speakers told PennWell Corp.'s Unconventional Gas International Conference & Exhibition in Fort Worth on Oct. 5.