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North Sea platform leak sparks evacuation

The TAQA oil company says dozens of workers have been evacuated from a North Sea oil platform after a hydrocarbon leak was detected.  More »

Cnooc said to cede control of Nexen’s Gulf assets

Cnooc will still own the assets.  More »

Swift Energy stops oil flow after boat hit shut-in well

Swift Energy Co. said today that as of Thursday afternoon it had brought under control an outflow of water, oil and natural gas from a shut-in wellhead in the shallow waters of its Lake Washington field in Plaquemines Parish, Louisiana.  More »

Steffy: BP habitually shields leadership

Houston Chronicle columnist Loren Steffy responds to testimony from BP’s former safety official, who said the company’s internal report didn’t examine management’s culpability in the Gulf oil spill disaster.  More »

Oil-rich ND ‘well-positioned’ for federal cuts

Oil-rich North Dakota is well positioned to weather automatic federal spending cuts if it is forced to do so, the state’s top budget official said.  More »

ConocoPhillips may fund spending with cash and debt

ConocoPhillips said it may use cash, debt and asset sales to fund its dividend and capital spending as it waits for production to rise. The company is targeting “consistent” dividend increases, leaders said at the analyst meeting Thursday.  More »

Apache: Gulf well control operations complete

Apache Corp. says well control operations at a gas well 50 miles off the Louisiana coast have been completed.  More »

Chevron ultradeep well shows high production

Chevron said Thursday that a test well at the St. Malo field, more than 5 miles below sea level, had a high rate of oil production, an indicator of the promise of an emerging field in the Gulf of Mexico.  More »

US Oil and Gas Exports and National Power

Earlier this month, the US Senate Committee on Energy and Natural Resources held a hearing on US natural gas exports. Republicans championing exports say LNG exports will create jobs and raise revenue for the federal government. Democrats worry that exports will undercut the resurgence in US manufacturing. Senator Ron Wyden (D-Ore) led the charge arguing […]  More »

Rosetta Resources names new CEO

Houston’s Rosetta Resources, an independent oil and gas company, this week announced new top leadership.  More »

North Dakota fracking boom leaves oil hub a bust

Oil extracted from wells ringing Williston, North Dakota, helped push the state’s surplus to a record $1.6 billion and generate the nation’s lowest jobless rate. Drilling also left the city broke.  More »

Shell sees solar as biggest energy source after exiting it

Royal Dutch Shell Plc (RDSA) says solar power, a business it abandoned four years ago, may expand into the world’s biggest source of energy in the next half century.  More »