Anadarko may take bigger financial hit in Gulf spill

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Woodlands-based Anadarko may take a bigger financial hit from the Gulf spill than BP, Bloomberg reported today. Anadarko owns a 25 percent stake in the well involved in the Deepwater Horizon disaster. Bloomberg said “pound for pound” Anadarko may have to pay more than BP. ING Bank NV estimated that costs of the spill may […]
Categories: Offshore

Canadian regulators review safety procedures for Arctic drilling

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As Chevron Canada has begun drilling the country’s deepest offshore oil well in the North Atlantic off Newfoundland, Canadian national and provincial energy regulators are reviewing safety requirements for offshore drilling to prevent a disaster similar to the Deepwater Horizon accident. The provincial government of Newfoundland and Labrador announced yesterday that it will be assessing […]
Categories: Offshore

Transocean to request limit on Gulf spill liability

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Transocean will file in federal court today to petition to limit its liability in the Deepwater Horizon disaster to just under $27 million, the WSJ said. Transocean, owner and operator of the Deepwater Horizon, is filing the request in U.S. District Court in Houston under an old maritime law. Under the Limitation of Liability Act […]
Categories: Uncategorized

Enterprise, Duncan Energy expanding South Texas facilities

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Houston companies Enterprise Products Partners and Duncan Energy announced yesterday that they’re expanding their jointly-owned Shoup and Armstrong processing and fractionation facilities in South Texas. The upgrades are part of a plan to expand the facilities to handle more natural gas production from the Eagle Ford Shale play, the news release said. At the Shoup […]
Categories: Natural gas

Chron Energy Newslinks | 5.13.2010 | A lot went wrong before offshore rig blast, we love to hate the climate bill.

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• BP has new option to use against leak, a riser insertion tube. • Offshore inspection process flawed, investigation finds. • States scramble for boom to protect coastline. • Failed pressure tests, hydraulic leak preceded rig blast. • Spill puts high-profile BP and Shell projects on hold. • BP’s blowout preventer safety tests often falsified, […]
Categories: General

Map of spill, May 13

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Map of spill, May 13
Categories: Uncategorized

Poll: Oil spill doesn't erode support for offshore drilling

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The oil spill spreading across the Gulf of Mexico hasn’t dampened public enthusiasm for offshore drilling, according to a new NBC News/Wall Street Journal poll. Six in 10 Americans support expanded ocean drilling, according to the poll, which was conducted May 6-10, concluding nearly three weeks after the April 20 blast on the Deepwater Horizon […]
Categories: Offshore

Video: Underwater oil gusher

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BP released underwater video showing the oil spewing from the site of the sunken Deepwater Horizon in the Gulf of Mexico. An estimated 200,000 gallons is pouring out each day. (Video on jump. Warning: it begins with commercial.)
Categories: General

Louisiana fishermen, businesses worry about long-term impact of Gulf spill

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“A huge part of the reason people come to New Orleans is to eat,” celebrity chef Susan Spicer said. “And when they come to New Orleans to eat, they want shrimp, crab, crawfish, Pompano. I think that our restaurant and hospitality industry will be pretty dramatically affected.”
Categories: Uncategorized

Barton: Oil spill not nearly as "catastrophic" as described

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Although “significant,” the oil gushing into the Gulf of Mexico from a leaking underwater well is not nearly as “catastrophic” as it has been described, Rep. Joe Barton said today. Barton, R-Texas., made his comments during the final hours of a day-long House Energy and Commerce subcommittee hearing probing the Deepwater Horizon disaster. Officials estimate […]
Categories: Uncategorized