Monthly Archives: May 2010

Chron Energy Newslinks | 05.04.10 | Five not-so-easy pieces. What the CCX sale says about carbon markets.

• BP trying to stem oil flow through five different techniques. • Rig accident cause, not effect, the talk of OTC this year. • Other takes on OTC and the accident from the NYT and the W$J, Bloomberg • Schwarzenegger drops offshore drilling support in wake of rig accident. • Feds keep up pressure on […]  More »

Map of oil spill: May 3

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Everyone wants an investigation of the Deepwater Horizon accident

There’s a saying in Houston media circles that the most dangerous place to be is between a particular local member of Congress and a camera (i.e. this person is a publicity hound). It seems every other legislator around the country is trying hard for that same reputation, announcing to anyone and everyone demands for investigations […]  More »

Chicago Climate Exchange Sale Shows Robustness of Carbon Market, not the opposite.

Over the weekend the Chicago Climate Exchange (CCX) concluded an agreement to sell all of its operations to ICE (The Intercontinental Exchange) for $600 million dollars.  Interestingly, much of the news coverage has focused on the perceived “failure” of the CCX, and thus the “failure” of the carbon trading model.  Instead, what it represents is […]  More »

Workers will try valve shut-off today

AP Workers place oil-containment boom around in the central marshes in St. Bernard Parish, La. Monday, May 3, 2010. Federal representatives, industry officials and others involved in the joint response to the oil spill in the Gulf of Mexico gave an update to reporters this afternoon. Here are some highlights: Workers today are slated to […]  More »

OTC 2010: Offshore folks like their shoes extra shiny

Sharon Hong/Chronicle An OTC attendee gets his shoes shined on Monday, the first day off the massive trade show at Reliant Center. Attendees at the Offshore Technology Conference at Reliant Center are doing a lot of walking. Exhibit booths span the entire building — 550,000 square feet of exhibition space — and the walk to […]  More »

Short-shorts and oil giants: Who's here, who's not at the Offshore Technology Conference

Nick de la Torre/Chronicle Offshore Technology Conference attendees fill out paperwork to gain admittance to visit with more than 2,000 companies Monday, May 3, 2010, at Reliant Center. With more than 550,000 square feet of exhibition space, the Offshore Technology Conference is the place to see and be seen when it comes to the oil […]  More »

Congressional staff get firsthand look at containment efforts

Dozens of federal agencies and divisions are involved in the massive cleanup and containment operation in the Gulf of Mexico or working to investigate the initial causes of the April 20 explosion on the Deepwater Horizon rig. But federal and state lawmakers are getting into the action, too. California state assembly members studied the issue</strong […]  More »

Wall Street too hard on BP, Transocean?

Wall Street may be being too harsh on BP, Transocean and other companies involved in the Deepwater Horizon accident that is leaking thousands gallons of oil a day in the Gulf of Mexico, a recent Barrons article said. The market values of the companies involved have dropped by more than $40 billion since the spill, […]  More »

Probe sought of industry lobbying on drilling regulations

Sen. Bill Nelson on Monday asked the Interior Department to probe whether the oil and natural gas industry had too much influence over federal government decisions to loosen requirements for back-up systems to protect against underwater well blowouts. At issue are regulations that were implemented during the last decade by the Interior Department and its […]  More »

Dead jellyfish wash up along Mississippi coast

A “huge number” of dead jellyfish washed up along the beach on an island near Mississippi, the Associated Press reported today. AP A dead sea turtle lies on the beach in Pass Christian, Miss., on Sunday, May 2, 2010. Researchers from the Institute of Marine Mammal Sciences from Gulfport, Miss., collected a number of dead […]  More »

First Reserve invests in Brazilian E&P start up

Private equity firm First Reserve Corp. said it’s investing up to $500 million in Barra Energia Petroleo e Gas, a new Brazilian exploration and production firm. Two former executives from Brazil’s state oil company Petrobras, Joao Carlos de Luca and Renato Tadeu Bertani, will lead Barra Energia. The new independent E&P firm will build a […]  More »
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