Independents still see Gulf opportunities
OTC panelists said smaller, independent oil and gas companies have less competition in the Gulf of Mexico than 10 years ago, but also are thwarted by regulations and the low price of natural gas. More »
What Is the Law’s Role in Offshore Drilling Safety?
As the OTC gets underway to record numbers here in Houston, one oft repeated phrase from industry and government is that safety should come first. James Watson, head of BSEE, also announced that the government plans to speed up its rulemaking on safety requirements by skipping the “notice of proposed rulemaking” stage and going straight [...] More »
Brazil regulator charts a different course on safety
Brazil’s regulations are more stringent than those in the U.S., yet the country remains one of the hottest prospects for new drilling. More »
Steffy: What I’ll be watching for at the OTC
Here’s some of the things I’ll be looking for at this years annual gala of oilfield geek chic. More »
Norway’s arctic oil bonanza gets reality check in pipe limbo
Norway is grappling with how to turn last year’s oil and gas finds in the Arctic Circle into real money as the world’s seventh-largest crude exporter seeks to sustain output after more than 40 years of extraction. More »
Mexico oil opening first time since 1938 shows revival
For the first time in 74 years, Mexico may allow private investment in its oil and gas, the third-largest reserves in Latin America. More »
Seismic testing hearings scheduled in Wilmington
The federal government is hearing from North Carolina residents on surveying for oil and natural gas off the Atlantic coast. More »
Turkey starts oil, gas search in north Cyprus
Turkey began exploratory drilling for oil and gas Thursday in the breakaway north of ethnically divided Cyprus, heightening a dispute over who is entitled to the Mediterranean island’s potential fuel riches. More »
Steffy: BP engineer shouldn’t be the last to be indicted
If it hadn’t been for the leg irons and handcuffs, Kurt Mix might have looked as if he’d come straight from the office. More »
Rosneft, Eni to jointly explore oil-rich Arctic
Rosneft, Russia’s largest oil producer, and Italy’s Eni have signed a deal to jointly explore for oil and gas in Russia’s Arctic. More »
Halliburton opposes BP’s proposed settlement of Gulf spill
Halliburton Co. (HAL) is opposing a $7.8 billion proposed settlement between BP Plc (BP/) and lawyers suing the London-based company over the 2010 Gulf of Mexico oil spill, according to a court filing. More »
Shrimp processors object to BP settlement terms
A group of Gulf Coast shrimp processors asked a federal judge Monday to hold off on giving his preliminary approval to portions of BP’s proposed class-action settlement of economic damage claims spawned by the 2010 oil spill in the Gulf of Mexico. More »
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