Monthly Archives: March 2010

'Climategate' scientists didn't mislead, one investigation finds

A UK panel has decided that scientists involved in the “climategate” scandal did not misrepresent data or try to exaggerate the threat of global warming. The decision from the House of Commons’ Science and Technology Committee is sure to be a relief to the scientists, who for several months have been lambasted by the media […]  More »

Shell's Perdido first to produce in deep water Gulf of Mexico

After more than 10 years in the making, the Royal Dutch Shell’s $3 billion Perdido hub started producing today. In fact, the Perdido is first to produce oil and natural gas in that deep water region of the Gulf of Mexico, the Chronicle’s Brett Clanton reported. The region where the massive Perdido is located is […]  More »

Iraq's plan to expand oil production too ambitious, CERA says

Yesterday, we wrote that $500 million in contracts were awarded to Weatherford, Schlumberger and Chinese firm Daqing to drill wells in Iraq’s Rumaila field. The awards are part of BP’s push to help expand Iraq’s oil production. The country wants to boost production to 12 million barrels per day in the next six to seven […]  More »

Obama drilling plan gets modest industry praise, chilly reception from enviros. And you?

An Obama administration plan to open more U.S. waters to offshore drilling, including new areas of the Eastern Gulf of Mexico, offshore Virginia and Alaska, is getting a surprisingly positive reception from the oil and gas industry so far today. Steven Newman, head of Zug, Switzerland-based Transocean called the plan a positive. “From our perspective, […]  More »

Federal offshore drilling plan released

President Obama unveiled his new five-year plan for offshore oil and natural gas drilling this morning, but it’s likely to be met with some opposition, the Chronicle’s Jennifer Dlouhy reported. The President and Department of Interior’s plan will open up new areas along the Atlantic coastline — some for the very first time — but […]  More »

Low natural gas prices send companies to the oil patch

We all know natural gas is a big deal these days. But natural gas prices are looking glum compared to crude prices and it may be driving some companies to look for profit in oil. Natural gas for May delivery on the New York Mercantile Exchange was at $3.97 per million British thermal unit, while […]  More »

Texas judges ping Corpus power plant

A massive pet coke-fired power plant project near Corpus Christi, Las Brisas, appears to have hit a snag (at least for now) in receiving a state air permit, according to the Corpus Christi Caller-Times: Las Brisas “has failed to meet its burden of proof on a number of required issues,” the judges wrote. “Among other […]  More »

Chron Energy Newslinks | 03.31.10 | Perdido finds its way to production. 'Climategate' not a case of cooked books.

• Shell’s deepwater Gulf platform Perdido starts up production, says source. • Federal offshore drilling plan expected today. • Gas prices are even pushing Chesapeake to look at oil. • Large BP investors say they support Canadian oil sands move. • Chevron wins $700 million arbitration claim against Ecuador. • Has the Alaskan gasline missed […]  More »

Onshore drilling gives, offshore taketh away?

The U.S. Department of the Interior is expected to come out with its revised offshore drilling plan today, one that the industry widely expects will be a step backward from the past trajectory of domestic energy exploration. But regardless of what the DOI does today, all signs point toward onshore natural gas production continuing to […]  More »

Oil Patch: Will public back new energy and climate bill?

Guest blogger Allen Brooks wonders on the Oil Patch blog today whether a new energy and climate bill can win public support. Energy and climate policies are sure to have a potent impact on Americans, Brooks writes, and with media reporting that the the Kerry-Graham-Lieberman bill on climate change is close to being unveiled, Brooks […]  More »

Duncan's death will have limited impact on Enterprise Products

The unexpected passing of Enterprise Products Chairman Dan Duncan yesterday could put some downward pressure on the stock of Enterprise and Duncan Energy Partners, but it will be short-lived say analysts at RBC Capital: While the DEP and EPD units have been weak since the announcement yesterday, both partnerships have existing management teams that should […]  More »

Nissan Leaf electric car gets $26,000 price tag

The Nissan LEAF electric car. Finally, we have a price for Nissan’s much heralded electric vehicle, the LEAF. Nissan announced today that the 4-door hatchback will go for $32,790 MSRP when it rolls into the states. After a $7,500 federal tax credit, the price can be knocked down to $25,280. Other state and local rebates […]  More »

Will New Energy and Climate Bill Win Public Support?

The media are reporting that three United States senators are close to unveiling a bipartisan energy and climate bill designed to replace the various bills that have been passed by the House of Representatives yet have failed in the U.S. Senate. Senators John Kerry (D-MA), Lindsay Graham (R-SC) and Joseph Lieberman (I-CT) reportedly have crafted […]  More »

A whole lot of shouting about oil prices

Tony Nguyen All over but the shouting: competitors in last weekends CME Commodity Challenge Open Outcry Competition at The University of Houston’s Bauer College of Business simulate floor trading for oil. “Open Outcry” may sound like a cathartic emotional release one has after one’s high school sweetheart dumps them on prom night. But in the […]  More »

Weatherford, Schlumberger win Iraq drilling bid

Weatherford International and Schlumberger have been awarded drilling contracts to develop wells in Iraq’s Rumaila oil field, according to a morning research note from Simmons and Company. In June, British oil major BP and the China National Petroleum Corporation accepted a 20-year contract to develop Rumaila, Iraq’s biggest oil field, for a fee of $2 […]  More »
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