Disagreement lingers—and always will—over a troubling question raised by the Macondo tragedy of last Apr. 20: Does the fatal blowout condemn all safety habits of an entire industry? During the IHS-CERA Week conference in Houston last week, three interesting views emerged.
Punctual Americans have just set timepieces forward by 1 hr in a ritual that reminds thoughtful Americans to wonder how their elected officials might blunder next on energy.
Fighting in Libya and general unrest in the Middle East and North Africa sent the price of crude above $102/bbl Mar. 2 in the New York market—"the first time in more than 2 years" the front-month contract closed above $100/bbl, said analysts in the Houston office of Raymond James & Associates Inc. Oil prices pulled back slightly Mar. 3 after New York crude made an unsuccessful run at $103/bbl. However, it surpassed $104/bbl Mar. 4.
We are on the brink of a new opening of LNG exports from an unexpected source, according to Fereidun Fesharaki, chairman of FACTS Global Energy, in a recent analysis.
More investments are necessary if oil production is to keep up with spiraling demand worldwide, and industry is increasingly relying on partnerships to spread financial risk and share expertise, oil company executives told the IHS-CERA energy conference last week in Houston.
Oil facilities in eastern Libya came under heavy air attack Mar. 9, while the country's leader Moammar Gadhafi taunted Western powers over their reported plans to establish a no-fly zone over the North African country.
Britain should reduce its reliance on oil and move towards renewable energy. That's the view of Chris Huhne, Britain's minister of energy and climate change.
The US Bureau of Offshore Energy Management, Regulation, and Enforcement may be considering hazardous duty pay for its offshore oil and gas inspectors in some cases.
Republican congressional energy leaders introduced bills aimed at stopping the US Environmental Protection Agency's implementation of greenhouse gas (GHG) regulations under the Clean Air Act.
Problems in the US Department of the Interior's oil and gas programs are so extensive that the Government Accountability Office has designated their management a high-risk issue, an official of the congressional watchdog service told the US House Interior Appropriations Subcommittee.
Continuation of offshore UK investment at the elevated level foreseen this year could cut the rate of production decline on the UK Continental Shelf (UKCS) by half through 2016, an industry group says.
Oil and natural gas finding and lifting costs declined in 2009 for a group of US-based producers, according to a recent report from the US Energy Information Administration.
