WoodMac: Majors buying into shale gas plays
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.
Lubchenco: Sound science played role in gulf oil-spill response
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 sets up safety division, restructures upstream
BP PLC announced it is creating a safety and operational risk unit that will have authority to intervene in all aspects of BP's technical activities.
BP pledges certain gulf assets as spill collateral
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.
Alaska offshore plans should reflect conditions there, panel told
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.
API urges ending moratorium once new deepwater rules emerge
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.
Watching Government: Pennsylvania tax rumblings
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.
Industry climbs unconventional learning curves
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.
Quebec formalizes St. Lawrence moratorium
Quebec has formalized a moratorium on oil or gas exploration in the St. Lawrence River estuary and Gulf of St. Lawrence.
Watching The World: NGOs promote transparency
Transparency is a key concern of the oil and gas industry, so the introduction of a new index to measure transparency is a welcome event.