Tokyo Electric Power is planning to release 3,000 tons of lightly radioactive water into the ocean from the Fukushima Daini nuclear complex, the sister plant of the stricken Fukushima Dai-ichi complex. (Via W$J) More »
The Obama administration will give oil and gas companies an extra year to develop their deep-water leases to make up for delays caused by last year’s Gulf spill and the subsequent moratorium on some offshore drilling. More »
The bill would amend the Death on the High Seas Act and the Jones Act and the Shipowners Liability Act of 1851 to allow families of the 11 victims of the explosion to sue for loss of care, comfort, companionship and pain and suffering. More »
Today’s OPEC meeting in Vienna was unusual for its candor, Loren Steffy writes. Historically, the group has not only presented a unified front about its decision-making, it’s also offered little transparency about its production details More »
The American Petroleum Institute’s “Keys to the Future” campaign is a bid to boost support for domestic oil production and for the proposed Keystone XL pipeline, which would deliver Canadian tar sands crude to Gulf Coast refineries. More »
The Cardamom field, located roughly 225 miles southwest of New Orleans, is expected to produce 50,000 barrels of oil equivalent per day at its peak and more than 140 million barrels of oil equivalent over its lifespan. More »
“We’ve worked very hard on this with all the parties,” the BP CEO told reporters in London today. “From BP’s view, it’s other parties that need to reach an agreement and in the meantime we are moving on.” The deal with Russia’s state-run oil company was halted in court after BP’s partners in TNK-BP said it would violate their shareholder agreement. More »
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