Federal officials will unseal nearly 600 secret bids for offshore oil and gas leases on Wednesday, during the first auction of drilling rights in the central Gulf of Mexico since the Deepwater Horizon disaster. Pent-up demand for the acreage, big discoveries in the region recently and high oil prices earlier this year are all expected to contribute to a robust sale. More »
Federal inspectors evaluating the safety of offshore drilling operations need longer visits on water-based rigs, including more time eating meals with workers, talking with the crew and sharing their sleeping quarters, according to a National Research Council report issued today. More »
GE has announced a new partnership to combine its gas turbine technology with carbon capture equipment from Norwegian producers, Sargas, to create the one of the world’s first gas-fired plants with integrated carbon capture for enhanced oil recovery. More »
A perfect storm of lower natural gas prices, new emission rules and weak national demand for electricity is causing many utility companies to ditch coal-fired power generation, according to a new report. More »
Royal Dutch Shell Plc (RDSA), operator of Nigeria’s largest oil fields, said the flaring, or burning, of natural gas at its deposits in the West African country fell by more than 60 percent in the past nine years. More »
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