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Chemical industry surging on U.S. gas

The North American chemical industry is rebounding from last decade’s economic declines as a surge in natural gas drilling means more raw materials are available at relatively low prices, energy analysts told IHS CERAWeek on Monday.  More »

Hot Air About Natural Gas Exports

In his February 1 article on Reason.com, Ron Bailey writes, “To the extent we live in a ‘post-truth’ era” lobbying policy-makers “is in good measure because it pays so well to dissemble, exaggerate, and spin for government grants and favors.”  If he had written that today, he might have been referring a recent Wall Street Journal opinion […]  More »

Transocean restores dividend after pressure from investor Icahn

Transocean Ltd. (RIG), the owner of the Deepwater Horizon rig that exploded while drilling in the Gulf of Mexico in 2010, reinstated dividend payments following pressure from billionaire shareholder Carl Icahn.  More »

Mexico’s ruling party backs energy reform

Nearly 5,000 members of the Institutional Revolutionary Party unanimously at their national convention to remove language in the party’s platform that for years had opposed injecting private money in Petroleos Mexicanos, or Pemex.  More »

Gov. Cuomo held up on fracking in NY to await health study

New York Gov. Andrew Cuomo came as close as he ever has to approving fracking last month, laying out a limited drilling plan for as many as 40 gas wells before changing course to await the findings of a new study after discussions with environmentalist and former brother-in-law Robert F. Kennedy Jr., several people familiar with his thinking told The Associated Press.  More »

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 »