EnergyWatch

News from the Houston Chronicle energy team

Judge blocks offshore drilling ban

A federal judge ruled today against the White House’s six-month moratorium on deep-water drilling, saying that the ban would cause “immediate and irreparable harm to businesses” along the Gulf Coast. The decision was issued by Judge Martin Feldman, one day after hearing arguments in the case in a federal court in New Orleans. A White […]  More »

Shell, Exxon try to differentiate themselves

Does the rest of the oil and gas industry really operate all that differently from BP? According to the CEOs who testified last week before Congress the answer was “heck yes” (more or less). Exxon Mobil continued its charm offensive following the hearing, as has Shell Oil, taking the time to talk to us and […]  More »

Wind Energy Conference finds strength on Gulf spill

Delegates at the 9th World Wind Energy Conference in Ankara, Turkey, said that the oil spill in the Gulf of Mexico is a sign that clean energy alternatives need to be advanced, UPI said. Delegates at the conference said the Gulf of Mexico oil spill was an indication that the global community needed to make […]  More »

Containment update: Capturing record amount of leaking oil

Over the past 24 hours, nearly 26,000 barrels of petroleum has been captured from the ruptured well in the Gulf of Mexico — a new record, Coast Guard Adm. Thad Allen said today during a press briefing. By the end of June, a third production vessel to capture oil and gas off the kill pipe […]  More »

Falling E&P costs bottom out, but Gulf spill leaves future uncertain

After a dramatic fall in the first quarter of 2009, costs of building and operating upstream oil and gas facilities hit bottom and were beginning to show signs of an upward trend at the end of 2010′s first quarter, according to IHS CERA’s two cost indexes. But the impact of the Gulf spill leaves the […]  More »

Brazil delaying BP's Devon deal on oil spill

The Brazilian government is taking its time in approving BP’s $7 billion purchase of Devon Energy’s assets in the country as it assesses the impact of the oil spill in the Gulf of Mexico, Reuters said. Valor Economico newspaper said Monday a review of the Devon deal is part of a normal evaluation of energy […]  More »

Rahm tells BP Chief to 'stay out of PR'

Sunday on ABC’s “This Week,” White House Chief of Staff Rahm Emanuel had some harsh words for BP CEO Tony Hayward after he was seen Saturday participating in a yacht race. “Well, to quote Tony Hayward, he’s got his life back, as he would say,” Emanuel said. “And I think we can all conclude that […]  More »

BP stocks a "buy" in UK; "sell" in US

Unlike their American counterparts, investors in London have been buying up more BP shares since the Deepwater Horizon rig explosion April 20 than they have sold, Bloomberg reported. Money flow data compiled by Bloomberg showed that London investors were putting more money on “buy” trades even as the stock fell to a 13-year low. Meanwhile, […]  More »

Citing spill, mine disasters UAB offers master 's degree in safety

The University of Alabama at Birmingham has created a graduate-level degree track for engineers and safety professionals to learn industry best practices to prevent disasters like the oil spill in the Gulf of Mexico and the coal mine explosion in West Virginia. UAB’s School of Engineering is offering the Advanced Safety Engineering and Management degree […]  More »

Now about that energy bill in Congress …

Chronicle guest blogger and former FERC boss Pat Wood reminds us the oil spill isn’t the only bit of energy news out there these days: As you may recall, the electric power industry (which accounts for about 40% of carbon dioxide emissions in the US) has largely coalesced behind “cap and trade” — chiefly because […]  More »

Chron Energy Newslinks | 06.22.10 | Drilling ban decision pending, an apology to climate scientists.

• Concerns over well integrity hamper efforts to shut it down. • Judge could rule on drilling ban as early as today. • Smaller players will find oil business tougher. • Chu: Top kill should have been tried earlier. • Europe rethinks offshore drilling in wake of spill. • Lobbyists get in on the spill […]  More »

Feds send BP et al third bill for spill

The federal government sent BP “and other responsible parties” a third bill for $51.4 million for response and recovery operations relating to the BP/Deepwater Horizon oil spill: To provide full transparency of the ongoing efforts and to ensure that the American public is not held accountable for the costs of response and recovery activities, the […]  More »