The "Obamatorium" ban of Gulf of Mexico drilling—just lifted last week—has joined "ObamaCare" as yet another catch phrase used by opponents to tie another potential economic disaster to US President Barack Obama's administration, prompting analysts in the Houston office of Raymond James & Associates Inc. to advise investors to "play the [high specification] jack ups, fold the floaters" in the current "offshore driller shuffle."
A costly slowdown in permitting of shallow-water drilling in the Gulf of Mexico shows in microcosm how regulatory juggernauts wreck economies.
The price of front-month crude oil rose Oct. 8, its sixth increase within eight sessions in the New York market.
Producers and government officials should anticipate potential problems with shale gas development and be prepared to respond to them, participants on two panels said Oct. 11 at the 2010 Marcellus Summit in State College, Pa.
The Marcellus shale represents an amazing opportunity for Pennsylvania, and the state's government has responded by enacting what probably are the nation's toughest regulations covering well casing and cement, hydraulic fracturing fluid ingredient disclosures, and pressure tests before any well is drilled, a state environmental official said on Oct. 7.
The global climate-change debate has raised several serious questions. Geoengineering will not provide the right answer, warns James R. Fleming, a science and technology professor at Colby College in Waterville, Me.
A marked slowdown in the US government's issuing of new Gulf of Mexico shallow-water drilling permits poses serious implications for the US Gulf Coast's economy, a new Southern Methodist University study concluded.
The US Bureau of Ocean Energy Management, Research, and Enforcement began on Oct. 7 to seek public comments on its review of using categorical exclusions (CXs) in decisions involving development of US Outer Continental Shelf resources.
Cuba's anticipated development of its offshore oil resources would profoundly affect its national economy, but have more political impacts on relations with the US, experts generally agreed at a forum on Oct. 8.
The world could face more of a liquid fuels than crude oil shortage as national economies recover, experts agreed at an Oct. 7 Capitol Hill forum.
The Organization of Petroleum Exporting Countries has revised its forecast of 2010 global oil demand by 100,000 b/d in its latest monthly Oil Market Report, citing a world economy that continues to grow at a below-average pace.
Potential US tax increases related to oil and natural gas operations are likely to vary depending on how and when Congress pursues other tax items on its agenda, now expected for sometime after the upcoming election, the Deloitte Center for Energy Solutions said.
The US oil and gas industry has doubtlessly watched with interest CNOOC International Ltd.'s decision to buy a 33.3% stake in Chesapeake Energy Corp.'s acreage in the Eagle Ford shale project (OGJ Online, Oct. 11, 2010).
