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PHMSA chief: Silvertip oil line surpassed burial rules
ExxonMobil Pipeline Co. (Empco) exceeded burial requirements for its Silvertip crude oil pipeline in Montana before it ruptured on July 1 and leaked 1,000 bbl into the Yellowstone River, the director of the US Pipeline and Hazardous Materials Safety Administration told a US House Transportation and Infrastructure subcommittee.
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Eliminating all safety exemptions could backfire, states warn
Eliminating all government agency exemptions as a condition for states to remain eligible for federal one-call and damage prevention grants would do more harm than good, a state pipeline regulator warned a US House Energy and Power Committee subcommittee on July 15.
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API, other groups urge EPA to shelve ozone rule
The American Petroleum Institute and other leading industry associations urged the Obama administration to set aside new ozone standards that the US Environmental Protection Agency appears poised to issue by the end of the month.
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Bromwich: Divided BOEMRE will be more, not less, efficient
The US Bureau of Ocean Energy Management, Regulation, and Enforcement has tried to clearly delineate safety and environmental responsibilities as it prepares to split into two separate agencies on Oct. 1, BOEMRE Director Michael R. Bromwich told a US House committee.
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Watching Government: ONRR supplies rest of story
The US House Natural Resources Committee (NRC) on July 15 heard from Michael R. Bromwich, director of the US Bureau of Ocean Energy Management, Regulation, and Enforcement, about the ongoing reorganization of the former US Minerals Management Service.
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ConocoPhillips to split into upstream, downstream firms
ConocoPhillips plans to separate its upstream and downstream businesses into two stand-alone, publicly traded corporations via a tax-free spinoff of the refining and marketing business to ConocoPhillips shareholders.
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Petrovietnam eyes ConocoPhillips's offshore stakes
State-owned Petrovietnam said it is considering the purchase of ConocoPhillips's shares in three oil and gas projects off Vietnam valued at $1.5 billion.
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CNOOC to acquire OPTI Canada for $2.1 billion
A unit of CNOOC Ltd. will pay $2.1 billion for Canadian oil sands producer OPTI Canada Inc., Calgary, which filed on July 13 for creditor protection under Canada's Companies' Creditors Arrangement Act.
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BHP Billiton to buy Petrohawk in $12.1 billion deal
BHP Billiton Petroleum will acquire Petrohawk Energy Corp., Houston, for $12.1 billion, giving the Australian firm operated positions in the US Eagle Ford and Haynesville shale resource plays and the Permian basin.
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IEA: Refinery investments set for 2012 rebound
Following a slowdown in refining capacity investments this year, next year will see a slew of refinery projects completed, the International Energy Agency said in its latest monthly oil market report.
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Italy, Eni told to 'forget' Libya's oil
Libya's Prime Minister Al-Baghdadi Ali Al-Mahmoudi said his government has stopped all cooperation with Eni SPA, the country's largest international oil company, due to Italy's participation in the bombing campaign being waged by the North Atlantic Treaty Organization.
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Watching The World: ASEAN, China face off
Eyeing problems for the region's oil and gas industry, ministers of the Association of Southeast Asian Nations (ASEAN) were urged to speed up talks with China on a code of conduct for the South China Sea.
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South Sudan, Glencore form oil marketing venture
South Sudan's state-owned Nilepet has formed a joint venture with Glencore International PLC that will begin marketing oil produced by the newly founded country.
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Indian refiners look beyond Iran for oil
Indian refiners, faced with Iran's uncertain ability to provide adequate levels of oil supplies, say they are now looking to Kuwait, Saudi Arabia and the UAE for increased shipments of crude oil.
