Even before the Nov. 10 opening of the Group of 20 Summit in South Korea, President Barack Obama was slammed by foreign finance ministers for artificially lowering the value of the dollar through Federal Reserve Chairman Ben Bernanke's latest economic stimulation plan.
John Boehner deserves applause for a mostly overlooked change he has promised to make as speaker of the House of Representatives in the 112th Congress.
The December crude contract climbed 0.9% Nov. 3 in the New York Mercantile Exchange when Federal Reserve Chairman Ben Bernanke announced plans to buy $600 billion of Treasuries over the next 8 months to stimulate the US economy, triggering a sharp drop in the US dollar.
Decisions made during the design phase of the deepwater Macondo well led to conditions in the hours before the well's blowout on Apr. 20 that left the crew with inadequate and incorrect information and not enough time to respond, experts told US President Barack Obama's independent commission investigating the accident and subsequent oil spill on Nov. 9.
The US Chemical Safety and Hazard Investigation Board and a federal Joint Investigation Team (JIT) are discussing who gets direct access during a forensic analysis of the Deepwater Horizon semisubmersible's failed blowout preventer.
Eleven stars adorn a cap used in the plugging-and-abandonment process on BP PLC's Macondo well in the Gulf of Mexico where an Apr. 20 blowout trigged an explosion and fire on Transocean Ltd.'s Deepwater Horizon semisubmersible that killed 11 workers.
The day after congressional Democrats took what he termed "a shellacking" in midterm elections, US President Barack Obama told reporters that he was ready to seek compromises with Republicans, and that energy would be a good place to start.
The US Environmental Protection Agency subpoenaed Halliburton Co. on Nov. 9 as eight other hydraulic fracturing fluid suppliers voluntarily provided information about their products' ingredients for the federal regulator's congressionally mandated study of the shale gas production process.
Pacific Rubiales Energy Corp., Toronto, having grown over the past 3 years to become Colombia's second-largest oil and gas operator, plans to seek downstream market integration and a more substantive integration in host countries in which it operates.
Houston independent EOG Resources Inc. plans to continue its strategy of selling certain natural gas assets going into 2011 after a comparison of its inventory of liquids-rich drilling opportunities against depressed gas prices, said Mark G. Papa, chairman and chief executive officer.
El Paso Corp. plans to spud a well during November in its Wolfcamp shale oil acreage in West Texas as part of a one-rig program focused on finding the optimal lateral length and completion method before the company ramps up Wolfcamp drilling activity during 2011.
Brazil's National Petroleum Agency (ANP) said the country's offshore Libra subsalt oil discovery could hold as much as 15 billion bbl of oil—a figure 2.4 billion bbl greater than the country's existing reserves.
BG Group raised its estimate of economically recoverable gross resources by 2.7 billion boe for Tupi, Iracema, and Guara fields in the Santos basin, off Brazil.
Ivanhoe Energy Inc. submitted a regulatory application to the government of Alberta for producing bitumen from the Tamarack steam-assisted gravity drainage project in northeast Alberta.
Kohei Nakanishi, managing director of Japan Bank for International Cooperation, recently said his country is expecting "very much" from Russian oil and gas suppliers.
