Shell considers joining legal fight over Gulf drill ban
The oil major’s production may be reduced by 50,000 barrels a day in 2011 because of delays in acquiring drilling permits after the Macondo blowout and oil spill, Chief Executive Officer Peter Voser said last week. That could mean $600 million in lost revenue, one analyst says. More »
Hurricane season may prove rocky for offshore production
Meteorologists say this year could produce not only a high number of storms, but ones that have a better chance of making landfall than last year. Chances of damage to offshore platforms are as high as 30 percent above normal, says one forecaster. More »
Republicans: Blame high oil prices on White House red tape
Republicans today accused the Obama administration of waging a campaign to raise the price of traditional energy sources by walling off some regions to oil and gas development and “hindering” natural gas production. Democrats countered that excessive speculation is to blame. More »
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El Paso to spin off E&P unit
Houston’s El Paso Corp. announced this morning it plans to split into two separate public companies: pipelines and exploration and production. More »
Rods in 3 reactors at Japan plant mostly melted
As U.N. inspectors launch probe into the Fukushima Dai-ichi disaster, TEPCO reveals that fuel in three of the plant’s six reactors started melting after the March 11 tsunami knocked out cooling systems, prompting huge releases of radiation into the atmosphere. More »
FuelFix Newslinks |05.24.11|
Drillers win again in Texas lege. X Prize for spill technology. Cali carbon tax on ice. More »
Blast hits Iran refinery as Ahmadinejad visits
An explosion blamed on a gas leak rocked Iran’s largest refinery on Tuesday around the time of a visit to the plant by President Mahmoud Ahmadinejad. Iranian media reported that at least two people were killed in the blast. More »
Tullow deal favors Dutch North Sea
In announcing its $422 million acquisition of Nuon Exploration and Production, London-based Tullow said it’s focusing on projects in the “stable and attractive tax regime” in the Dutch sector of the North Sea after a tax increase in the U.K. More »
Saudis face up to end of ‘easy oil’
As demand for energy grows and fields of easy-to-drill oil around the world start to dry up, Saudi Arabia is turning to a much tougher source: the billions of barrels of heavy oil trapped beneath the desert. (Via WSJ) More »
Norway criticizes Shell for safety lapses on rig
A safety agency reprimanded the oil giant over issues at Shell’s Draugen facility, located in shallow water off Norway’s west coast, following a 2010 incident the agency said had “major accident potential.” More »
Petrobras sees no need for more gasoline imports
Brazil’s state-run oil company said it does not expect more imports of gasoline in the short term as more substantial volumes of ethanol from the new cane season reach the market. (Via Reuters) More »
GOP pushes bill to force decision on Keystone XL pipeline
Lawmakers are considering whether to force the Obama administration to issue a verdict soon on the proposed project, which would deliver oil sands crude from Canada to Gulf Coast refineries. Supporters argue it could help lower gasoline prices. Skeptics say it would open an avenue for oil companies to export the oil sands crude to China. More »
April 26, 2013
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assistant editor, FuelFix
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energy reporter
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