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OTC: Oil spill prevention an international issue, DOE says

Oil spill prevention in the deepwater Gulf of Mexico and around the world is an international challenge where nations must work together to avoid another major incident, said Christopher Smith, principal deputy assistant secretary at the US Department of Energy, during a May 6 panel discussion at the Offshore Technology Conference in Houston.

Petrovietnam protests location of CNOOC drilling rig

Petrovietnam said it sent a protest letter on May 4 to the president of China National Offshore Oil Corp. regarding the position of a drilling rig, indicating it violated Vietnam’s “sovereign and jurisdiction rights.”

Statoil’s Lund cites three global challenges for oil, gas

The global oil and gas industry will simultaneously need to become more economically competitive, environmentally benign, and socially responsible if it expects to survive, Statoil ASA Chief Execute Helge Lund suggested.

OTC: Pemex preparing for cultural transition as Mexico reforms energy laws

Mexico’s Petroleos Mexicanos (Pemex) is preparing for a major cultural transition while the country’s government moves to implement energy reforms ending a 75-year monopoly on discovering and developing oil and gas, a Pemex executive told the Offshore Technology Conference on May 6.

OTC: Nova Scotia seeks bids in active eastern Canada offshore

Exploration and development remain brisk offshore eastern Canada, provincial officials reported May 6 at the Offshore Technology Conference in Houston.

Rockefeller bill would expand carbon dioxide EOR tax credits

US Sen. John D. Rockefeller IV (D-W.Va.) introduced legislation that would increase tax credits for using carbon dioxide in enhanced oil recovery, and establish a certification process to help future projects obtain financing.

DOE to establish Northeastern gasoline reserve at two sites

The US Department of Energy will establish a Northeastern gasoline reserve at two locations near New York Harbor and in northern New England to provide short-term relief during supply disruptions, US Energy Sec. Ernest J. Moniz reported.

Voters ready to respond to Keystone XL delays, API-sponsored poll finds

Candidates' stances on whether to complete the proposed Keystone XL crude oil pipeline and other energy issues potentially could affect midterm congressional elections this November, a survey commissioned by the American Petroleum Institute suggested.

Teapot Dome transitions

The US Department of Energy retained Denver-based Meagher Energy Advisors Inc. on Apr. 22 to sell Naval Petroleum Reserve No. 3 (NPR-3) in Wyoming—better known as Teapot Dome.

Share knowledge for defense

By its nature, work on thwarting cyber-attacks against oil and gas companies and their assets is an incremental process.

EPA white papers offer hint of methane, VOC emissions

The US natural gas industry received a preview of a new regulatory push on Apr. 15 when the Environmental Protection Agency published white papers on emissions of methane and volatile organic compounds (VOCs) in five operational categories.

NTSB begins investigation of Virginia crude train derailment

The National Transportation Safety Board took charge of the investigation into the Apr. 30 derailment of a train carrying crude oil in Lynchburg, Va., but it will be months before conclusions are reached and recommendations are issued, the investigator-in-charge said.

Sen. Hoeven submits updated Keystone XL approval bill

US Sen. John Hoeven (R-ND) submitted a fresh bill that would bypass the White House and congressionally approve the proposed Keystone XL crude oil pipeline’s cross-border permit.

Train carrying crude derails, catches fire in Virginia

A train carrying crude oil derailed Apr. 30 in Lynchburg, Va., setting 3 cars on fire, CSX Transportation announced. The fire was quickly extinguished and no injuries were reported, although some businesses and residents nearby were evacuated, it said.

Azerbaijan looks beyond energy successes for economic growth

Azerbaijan’s growing economy undoubtedly benefits from its oil and gas developments, but the country also has laid a strong foundation to move into other sectors that deserves closer attention, participants at a two-day conference agreed.

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Offshore Middle East Conference & Exhibition

January 26, 2015
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