Obama administration beefs up drilling oversight

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WASHINGTON — The Obama administration on Thursday imposed new safety mandates on offshore drilling, launching a series of rules designed to stiffen oversight of the oil and gas industry in response to the Deepwater Horizon disaster.

But Inte…

Categories: General

Crude oil briefly tops $80 a barrel

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 Oil rose above $80 a barrel today for the first time in seven weeks, ending its best month since May 2009, as U.S. second-quarter gross domestic product and weekly jobless claims beat economists’ estimates in signs demand may improve.
Oil jumped …
Categories: General

Methanol-to-olefins unit starts up in China

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September 30,2010 –China Shenhua Coal to Liquid & Chemical Co. Ltd. has started up was is being called by the firm the “world’s first methanol-to-olefins unit to be operated on a commercial scale” in Baotou, China…..
Categories: General

Methanol-to-olefins unit starts up in China

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September 30,2010 –China Shenhua Coal to Liquid & Chemical Co. Ltd. has started up was is being called by the firm the “world’s first methanol-to-olefins unit to be operated on a commercial scale” in Baotou, China…..
Categories: General

Two Valero refineries adding hydrogen units

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September 30,2010 –Valero Energy Corp. is adding hydrogen plants at its 195,000-b/d refinery in Memphis, Tenn., and its 170,000-b/d McKee refinery in Sunray, Tex…..
Categories: General
Dallas Cowboys football players (AP Photo/Dave Einsel)

Republican lawmakers to feds: Stop sidelining drillers

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Rep. Kevin Brady, R-Texas, complains that the White House is moving too slowly to restart offshore drilling. “They want energy workers to suit up for the game,” he said, “but they won’t let them on the field to play.” Read on to find out what other football metaphors were shared today.

BP Texas City to pay record clean air penalty

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$15 million fine for three incidents in 2004 and 2005 — and it’s not related to the deadly blast in March 2005. (Chronicle photo)
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The mobile offshore drilling unit Development Driller III at the Deepwater Horizon site on May 7, 2010. (U.S. Coast Guard file photo)

How to play it safe offshore: A primer on the feds’ new rules

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Disaster prevention in offshore drilling and worker safety are paramount in the Interior Department regs unveiled today.

Total to get interest in Sebuku license off Kalimantan

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September 30,2010 –Total has agreed to acquire 15% interest in the Sebuku license offshore Kalimantan from Pearl Oil (Sebuku) Ltd…..
Categories: Offshore

Act fast: Industry urges swift implementation of new offshore rules

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As the feds unveil new drilling requirements, oil and gas industry leaders plead for clarity and warn that new projects could be jeopardized by “unpredictable, extended delays in permit review and approval.”