Article 18

In the span of two weeks, the Gulf of Mexico oil and gas industry has been presented two assessments of when drilling activity may begin to pick up.  About a week and a half ago, Bureau of Ocean Energy Management, Regulation and Enforcement Director Michael Bromwich, in a speech in Washington, D.C., ...

This morning the business talk shows focused on crude oil futures price climbing above $92 per barrel.  The talking heads are commenting on the oil price move being part of a upward trend that will soon break the $100 a barrel price barrier last experienced in 2008 – both on the way up to $147 ... ...

Canadian dirty oil is in political spotlight

At World Energy Congress this week, House Speaker Nancy Pelosi said the U.S. wants to end its dependence on foreign oil -- but that doesn't include Canadian oil sands. "At the same time the Obama administration touts a goal of reducing our foreign oil dependency," blogger Allen Brooks writes, "one o ...

Natural gas futures prices have just fallen below the psychological threshold of $4.00 per thousand cubic feet. Prospects for continued gas supply growth reflected by weekly increases in the number of rigs drilling for natural gas coupled with moderating temperatures across the eastern half of the c ...

The Federal Register recently contained a notice that the first meeting of the National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling will hold its first meeting in New Orleans next Monday and Tuesday, July 12 and 13. The meeting will hear from invited speakers and provide a ...

Today’s New York Times article about the BP Deepwater Horizon accident and oil spill carries ominous news for the domestic offshore oil and gas industry and the Houston economy. The mandate for the commission stated that its life would extend for six months after it held its first official mee ...

Deloitte Consulting has recently published a report on the market for electric vehicles (EVs) that appears optimistic but suggests profitability of these vehicles will be challenging for auto makers. The study concludes that by 2020 EVs will account for just over three percent of U.S. auto sales. Th ...

We were shocked to read a blog over the weekend that suggested two events in the ongoing effort for BP to cap the Macando well that has been spewing oil for 41 days since the Deepwater Horizon rig blowout. The first idea was that the Obama administration will soon be taking over control of the ... ...

To listen to the media reports over the supposed dispute between the government and BP about the use of chemical dispersant on the BP oil spill, there is a major battle brewing. An examination of the record of the press conference in Venice, Louisiana today and material on various company web sites ...

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