Watching Government: Chu sees federal R&D role
September 25th, 2011National Petroleum Council meetings usually don’t include surprises. The reports that are presented, voted on, and conveyed to the secretary of the US Department of Energy are thoughtful, authoritative, and substantial.
NPC study urges prudent North American oil, gas development
September 25th, 2011North America’s oil and natural gas resources are more abundant than previously thought and should be prudently developed, the National Petroleum Council recommended in a report submitted to US Sec. of Energy Steven Chu.
Industry groups press for prompt Keystone XL project approvel
September 25th, 2011Oil industry groups increased pressure on the US Congress and President Barack Obama to approve the proposed Keystone XL crude oil pipeline project’s cross-border permit application.
BP agrees with core conclusions on Macondo blowout, oil spill
September 25th, 2011BP PLC said it agreed with the core conclusion of a joint report that the deepwater Macondo well blowout and resulting explosion and fire on Transocean Ltd.’s Deepwater semisubmersible stemmed from multiple causes and decisions involving BP and contractors Transocean and Halliburton Co.
Exploration/Development Briefs
September 25th, 2011Record settlement reached in 2007 San Francisco Bay oil spill
September 25th, 2011Federal, state, and local officials announced a settlement in which owners of a container ship, which struck the San Francisco-Oakland Bay Bridge and spilled 1,261 bbl of fuel oil into the bay, agreed to pay $44.4 million to resolve all penalties, resource damages, and response costs.
OGJ Newsletter
September 25th, 2011International news for oil and gas professionals
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September 25th, 2011Cyprus claims international backing for offshore exploration
September 25th, 2011The international community has afforded Cyprus political protection to explore for oil and natural gas inside its exclusive economic zone, which is near to large gas finds in Israeli waters.