There is a growing number of oil megaprojects in the world that are so huge that they transform national economies and educational systems. But their size and complexity has led to costly problems. More »
Annell R. Bay, vice president of global exploration for Marathon Oil Corp., calls on the industry to commit to safe operations and to support math and science education, in order to optimize the modern U.S. energy revolution. More »
Jeffrey Skilling, the convicted former Enron Corp. chief executive, may get out of prison in four years if a federal judge approves a deal proposed by prosecutors that would allow the payment of more than $40 million to victims of one of the biggest financial frauds in U.S. history.
Phillips 66 CEO Greg Garland said he doesn’t expect the Keystone XL pipeline to gain U.S. approval this year and suggested regulators will need to “fix” requirements governing the blending of biofuels into gasoline. But Garland said neither of those issues are of serious concern to Phillips 66, which held its first shareholders meeting Wednesday. More »
The Offshore Technology Conference is huge. And the parking lot and train station is a long way away from the trade show floor. So smart women are coming into Reliant Park in flip-flops, sneakers and other comfy footwear. Then they pop into one of the bathrooms and trade out their comfort footwear for business pumps […] More »
A major shortcoming in the oil industry’s first full-scale deployment drills of emergency equipment meant to rein in runaway wells may be that the simulated wellheads deep in the Gulf of Mexico aren’t actually gushing oil and gas during those tests. More »
At the Offshore Technology Conference on Wednesday, Dan Kluk, a mechanical and systems engineer at Houston-based Stress Engineering Services, offered a paper on a real-time riser fatigue monitoring system that has been tested in deep waters. More »
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