Petronas Seeks LNG Export Permit For Pacific Northwest Project In BC
Japan Petroleum Exploration Co. holds a 10% stake in the export project, and Petronas has said it would take on more partners. "We have had interest from prospective customers or joint venture...
View ArticleJ.Lo Earns $1.5 Million Singing For Dictator
Jennifer Lopez was paid $1.5 million to perform at a private party for Turkmenistan's president Kurbanguly Berdymukhamedov, who is essentially a dictator as he faces no real opposition in his...
View ArticlePetroAmerica Spuds Las Maracas-11 Well
Petroamerica Oil Corp., Calgary, has spudded the Las Maracas-11 development well at Las Maracas field on the Los Ocarros block in Colombia's Llanos basin.
View ArticleSaratoga Resources, Inc. Awarded Four Gulf Of Mexico Leases
Most of the company's large drilling inventory has multiple pay objectives that range from as shallow as 1,000 feet to ultra - deep prospects below 20,000 feet, all in shallow water depths ranging from...
View ArticleThe Case For Allowing US Crude Oil Exports
When Congress in the 1970s made it illegal to export domestically produced crude oil without a license, the goal of the legislation was to conserve domestic oil reserves and discourage foreign imports....
View ArticleTransocean Sets New Offshore Water Depth Drilling Record
Transocean Ltd. (NYSE: RIG) (SIX: RIGN) reports that the ultra-deepwater drillship Dhirubhai Deepwater KG1 has set a new world record for the deepest water depth by an offshore drilling rig.
View Article3rd Lawsuit Filed Against Exxon For 2011 Yelowstone Oil Spill
A third lawsuit has been filed alleging that ExxonMobil ignored warnings about the risk of keeping oil flowing through a pipeline under the Yellowstone River during heavy runoff and then failed to...
View ArticleWhite House Outlines Path For Power Plant Rules, Other Environmental Actions
It appears Interior has pushed to 2014 the release of a separate set of rules aiming to strengthen the integrity of blowout preventers, the hulking devices used to stanch the flow of oil or gas from an...
View ArticleOil Dips, Market Awaits OPEC, US Supply Reports
Later this week, the Energy Department releases its weekly report on supplies of crude oil and petroleum products, the U.S. Federal Reserve releases minutes of its recent policy meeting and OPEC issues...
View ArticleShell, Firm Seal $84.5m Pipeline Contract
KAZTEC Engineering Limited (KEL) , an indigenous oil service company, has signed an agreement with Shell Nigeria Exploration and Production Company (SNEPCo) for the construction of a 58-kilometre...
View ArticleWhy Oil Is $100 Per Barrel Despite Booming American Oil Production
After decades of what everyone thought was a permanent decline in American oil production the horizontal drilling boom has changed everything. In 2012 American oil production was up a shocking million...
View ArticleDell Falls On Fortune Global 500 List
Dell Inc. has dropped 18 spots on the 2013 Fortune Global 500, and is the only local company to make the list. The Round Rock computer maker placed 165th on this year's list, down from No. 147 last...
View ArticleWill Train Derailment Bolster Case For Oil Pipelines?
Oil deliveries by rail have increased along with North American crude oil production. In a tit-for-tat season of pipeline and rail incidents, including the recent Quebec train fire, it's becoming clear...
View ArticleKeystone Pipeline Could Get Boost Following Canadian Train Accident
Proponents of the Keystone XL Pipeline have noted that a rejection of the project by the Obama administration would likely mean additional crude oil transported by rail, and hence a heightened risk of...
View ArticleOffshore Drilling Chief To Resign, Take Post At Maritime Firm
It is also working to update standards for blowout preventers, the critical last line of defense to stop an oil spill. Watson said he and Interior Secretary Sally Jewell will be working this summer to...
View ArticleAlaska Unveils New Plan To Explore For Oil In Wildlife Refuge
The state collects fees from oil and gas produced on state land, as well as oil shipped through the Trans-Alaska Pipeline System, or TAPS, which stretches 800 miles from Prudhoe Bay to Valdez, where it...
View ArticleBSEE, Coast Guard Respond To Well Control Event In GoM Ship Shoal Block
The US Coast Guard and Bureau of Safety and Environmental Enforcement are responding to a report from Energy Resources Technology about a loss of well control at Ship Shoal block 225 Platform B.
View ArticleThe Oil Spill And BP's Legal Troubles
Three companies were involved: Oil giant BP ; TransOcean, which operated the Deepwater Horizon drilling rig; and Halliburton....
View ArticleOxy Qatar Signs QAR273m Deal With GDI For Drilling Services
Occidental Petroleum of Qatar ( Oxy Qatar) has signed another contract worth QR273mn with Gulf Drilling International (GDI) , a Gulf International Services' subsidiary, to provide drilling services...
View ArticleWell Leaking Natrual Gas In Gulf Of Mexico
Crews are working to plug a well that's leaking natural gas in the Gulf of Mexico. The well is located about 74 miles southwest of Port Fourchon. According to the U.S. Coast Guard, three members of...
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