Category: Crude oil

Din of hammers, oil wells signal Bakersfield boom

For most of its existence, Bakersfield has inhabited that awkward in-between place. Not as sophisticated as Los Angeles, just over the Tehachapi Mountains to the south, not as wealthy as its longtime economic rival Fresno, equidistant to the north.  More »

Government accuses BP of being evasive on Gulf spill flow rate

The Justice Department is accusing BP anew of being evasive on information about the amount of oil that spewed from its undersea well that blew out in the Gulf of Mexico nearly three years ago.  More »

Carrizo Oil & Gas selling UK subsidiary, North Sea field for $184M

Houston-based exploration and production firm Carrizo Oil & Gas is selling a United Kingdom subsidiary and its stake in a North Sea offshore oil field to a unit of Iona Energy for $184 million in cash.  More »

Shell’s Ursa makes waves in offshore industry

When the Guinness Book of Records was looking for the tallest structure in the world in 2009, it selected Shell’s Ursa platform, located about 130 miles southeast of New Orleans in the Gulf of Mexico.  More »

Brent oil’s third year over $100 looms on supply risk

Brent crude is poised to trade above $100 a barrel for a third consecutive year in 2013 as tension in the Middle East threatens to disrupt supply and global demand is buoyed by Chinese imports.  More »

Marcellus natural gas production expanded in 2012

This year was one of new records and new questions for the boom in Marcellus Shale natural gas drilling.  More »

Unknowns surround oil well development unit in ND

Turkeys were slim pickings for a man hunting in the rough country bordering the Little Missouri State Park north of Killdeer.  More »

#9 – Shale Oil: The Latest Insights

The Oil Drum staff wishes a Merry Christmas to all in our readership community. We are on a brief hiatus in this period, and will be back with our regular publications early in the new year. In the meantime, we present the top ten of best read Oil Drum…  More »

Transocean seeks Gulf disaster trial delay if reports not admitted

Swiss offshore drilling contractor Transocean wants a federal judge to delay the civil trial over the 2010 Gulf of Mexico rig explosion and oil spill for at least six months if the court refuses to admit the reports of a key expert who won’t be able to testify because he recently died in a car crash.  More »

100 years on, they really know the drill

The O’Day family of Pearland mixes water and oil for profit.  More »

3 companies to watch in America’s top oil play

Move over, Permian Basin. Step aside, Bakken Shale. The Eagle Ford means business.  More »

Feds give update on broad study of drilling and water pollution

The government is on track to release its study on whether natural gas drilling and hydraulic fracturing pollute drinking water in late 2014, the Environmental Protection Agency said Friday as it gave a progress report on the closely watched analysis.  More »