After spending nearly three years and more than $80 million of his own money to tout his energy plan, billionaire oilman T. Boone Pickens says he finally is about to have something to show for his effort.
In a survey out today, oil field services giant Schlumberger attempts to quantify the impact of the “great crew change” and suggests the oil and gas industry’s global workforce is likely to see more women and workers from developing nations fill the void left by retirees. More »
The industry narrative is that Seahawk Drilling was done-in by the post-Macondo drilling moratorium. Michael Bromwich, the nation’s top offshore energy regulator, suggests the company’s woes pre-dated the Gulf spill. More »
A pair of men accused of bilking LyondellBasell out of $80 million are scheduled for trial on Aug. 8, but filings raise the possibility of a plea deal. Some of the assets seized in the case, including a Caddy once owned by Frank Sinatra, go on the block next month. More »
The report mentioned two Houston oil and gas companies — offshore drilling contractor Transocean and oil field services firm Weatherford International — that recently moved their corporate headquarters to Switzerland. More »
One requirement of Congress’ post-recession Wall Street overhaul would force publicly traded energy firms to share details of their overseas payments. It’s supposed to reduce the risk of the “resource curse” in developing nations, but many in the industry say it would put them at a competitive disadvantage. More »
The Houston oil giant, which had been required to submit a final plan by early next month, as a follow-up to preliminary plan filed in late 2009, now has until April 6, 2012, to turn in the final plan.
“These issues should be resolved,” said Rep. Joe Barton, R-Arlington, at a hearing in Houston of the battle between the Environmental Protection Agency and Texas regulators over the way air pollution permits are handled. More »
The tax changes announced by the chancellor of the exchequer in this week’s budget will lower the value of fields on the block in the U.K. continental shelf, where deals have already been hampered by the cost of dismantling decades-old platforms, analysts and executives said.
Chevron Corp. says it is applying lessons learned from last year’s Deepwater Horizon accident to make sure the drilling project regulators approved on Thursday will be the safest well possible.
The permit issued by the Bureau of Ocean Energy Management… More »
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