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Western gulf lease sale attracts $110 million in high bids

Aug 20, 2014

Gulf of Mexico western planning area Lease Sale 238 drew 93 bids from 14 companies over 81 blocks covering 433,823 acres, totaling $109,951,644 in apparent high bids, reported the US Bureau of Ocean Energy Management (BOEM), which held the event on Aug. 20 in New Orleans.

TSB report outlines ‘multitude of factors’ behind Lac-Megantic train derailment

Aug 20, 2014

A multitude of factors led to July 6 derailment of a runaway train in Lac Megantic, Que., carrying 72 carloads of Bakken crude oil bound for Irving Oil Ltd.’s refinery in Saint John, NB, according to an investigation report released Aug. 19 by the Transportation Safety Board of Canada (TSB).

USCG proposes higher offshore oil spill liability limits

Aug 20, 2014

The US Coast Guard proposed higher offshore oil spill liability limits under the 1990 Oil Pollution Act to reflect significant increases in the Consumer Price Index.

Lawler to lead BP’s US Lower 48 onshore business

Aug 20, 2014

BP PLC has appointed David Lawler as chief executive officer of its Houston-based US Lower 48 onshore business that’s slated to formally become a separate entity in early 2015.

MARKET WATCH: NYMEX crude steeply declines, natural gas climbs

Aug 20, 2014

The front-month crude oil price dropped nearly $2/bbl on the New York market Aug. 19 to settle at less than $95/bbl while the natural gas price for September rose on weather forecasts calling for hotter temperatures, meaning more gas-fired electric power demand.

USCG issues interim offshore supply vessel size limit rule

Aug 20, 2014

The US Coast Guard issued an interim offshore supply vessel (OSV) size limit rule after a 2010 law removed the previous statutory limit. The regulation became effective upon its publication in the Aug. 18 Federal Register. Comments on it will be accepted until Nov. 17.

AER strengthens air quality requirements for Peace River operators

Aug 19, 2014

Addressing emissions and odors, Alberta Energy Regulator says it has strengthened requirements to capture casing and tank top gas from heavy oil and bitumen operations in the Peace River region.

BlackPearl files OSCA application for Blackrod SAGD

Aug 19, 2014

Alberta Energy Regulator reports that BlackPearl Resources Inc., Calgary, has filed an Oil Sands Conservation Act application for the Blackrod commercial steam-assisted gravity drainage project.


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