Spill’s toll on oil output grows clearer
One year after the BP oil spill, Gulf of Mexico energy output is beginning to show the impact of the Obama administration’s 10-month freeze on deep-water drilling. Offshore oil production, most of which comes from the Gulf, is expected to be down 13% from 2010. (Via WSJ) More »
New rules likely to take aim at blowout preventers
The Obama administration is readying rules that aim to boost the safety of offshore drilling and strengthen emergency equipment known as blowout preventers, a top U.S. regulator said Tuesday. The proposed regulations will build on safety and environmental mandates that were imposed after the Deepwater Horizon disaster, said Michael Bromwich, the nation’s offshore drilling chief. More »
Coastal Louisiana redirects its anger
The government had to do something to respond to the Deepwater Horizon disaster. But Loren Steffy writes that a year after the Macondo blowout the effects of the government’s ban on deep-water drilling float like a shroud over the local economy. More »
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NuStar Energy closes on San Antonio refinery purchase
NuStar will invest $76 million in the AGE Refining plant, including the purchase and planned improvements. More »
Pennsylvania wants to end gas-drilling wastewater discharge
Amid criticism from environmentalists and concern from scientists, Pennsylvania’s Department of Environmental Protection asked the state’s booming natural gas industry to halt disposing of millions of gallons of contaminated drilling wastewater through treatment plants that discharge into rivers and streams. More »
Billionaires agree: Natural gas makes a great bridge fuel
Media magnate Ted Turner and Texas oil billionaire T. Boone Pickens have a lot more in common than their massive wealth. During a speech at the National Press Club, the pair agreed that natural gas can power the U.S. while moving Americans toward more renewable electricity sources and weaning the nation off foreign crude. The two billionaires clashed, however, over the environmental consequences of hydraulic fracturing. More »
NRG to stop all funding of South Texas nuke expansion
The two-reactor expansion of the South Texas Project will really grind to a halt now that one of the primary partners, NRG Energy, says it will write down its investment in the project. More »
Oil settles higher as gasoline prices climb again
People usually curb their driving as a last resort, according to retail experts. So a drop in gasoline consumption is usually accompanied by a decline in other kinds of spending. More »
Feds on track to sell leases in western Gulf this year
The federal government is on track to sell offshore drilling leases in the western Gulf of Mexico later this year, after completing a new environmental analysis of the region that was spurred by last year’s oil spill. More »
AAA: High prices mean more drivers run out of gas
The motor club says roadside service calls for gasoline in Texas rose 4.9 percent in the first three months of 2011, compared to the first quarter of 2010. More »
Drilling regulator: New offshore rules coming soon
Offshore drilling czar Michael Bromwich has stressed that the pace of regulatory changes — made swiftly in the wake of last year’s Gulf spill — has slowed. But he insisted today that the “processes of cultural change and improvement” will never end, less the industry and government risk the “complacency and over-confidence that set the stage for Deepwater Horizon.” More »
BP chairman: Deep-sea drilling must go on
Despite the risks of deep-water E&P, Carl-Henric Svanberg said halting such operations “doesn’t feel like a logical conclusion” after the Deepwater Horizon blowout because “50,000 holes have been drilled in the Gulf of Mexico and this was the first time things went this wrong.” More »
April 26, 2013
Loading ...- The award-winning team behind FuelFix.com:
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