News Categories: Industry Headlines News
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Results26 articles shown
Today's Trends: What Does The Market Like?
Thursday, July 29, 2010 - A valuation ranking of 33 small, mid, and large cap firms that includes each firms exposure to oil exploration.
Commodity Corner: Weaker Dollar Boosts Crude Oil
Thursday, July 29, 2010 - Encouraging news about Europe's economy helped the euro to gain ground against the dollar and lift September oil futures above $78 Thursday.
BP to Pay Estimated $60MM in Advance Payments
Wednesday, July 28, 2010 - BP will pay at least $60 million in advance payments in August to claimants across the Gulf Coast who have lost income or net profit due to the spill in the GOM.
BP: Removed Storm Plug From Relief Well at Spill Site
Wednesday, July 28, 2010 - BP said Wednesday that one of its drilling rigs successfully removed a storm plug placed on a relief well at the DH spill site.
Commodity Corner: Oil Slides Below $77
Wednesday, July 28, 2010 - Oil traders looking for signs of growing demand were disappointed Wednesday.
Salazar Visits Offshore Drilling Rigs in GOM
Wednesday, July 28, 2010 - Salazar visited three offshore drilling rigs in the GOM, where he received updates on the improved inspection process and additional safety requirements for blowout preventers and well construction.
Senate Democrats Unveil Summary of Spill Bill
Tuesday, July 27, 2010 - U.S. Senate Democrats proposed eliminating the cap on damage claims that companies must pay for oil spills like the one in the GOM.
Tullow Takes $1.35B Stake in Heritage's Ugandan Assets
Tuesday, July 27, 2010 - Tullow Uganda has completed the US $1.35 billion acquisition of a 50% interest in Blocks 1 and 3A in Uganda from Heritage O&G.
BP Embarks on 'Next Phase with New Leadership'
Tuesday, July 27, 2010 - Tony Hayward is to step down as group chief executive and will be succeeded by fellow executive director Robert Dudley.
US Scrambles Emergency Teams to New Gulf Oil Leak
Tuesday, July 27, 2010 - The U.S. Coast Guard dispatched emergency teams Tuesday after a boat crashed into an oil well off the coast of New Orleans.
Commodity Corner: Oil Falls with Negative Economic News
Tuesday, July 27, 2010 - The September futures price for a barrel of crude oil lost ground Tuesday on unfavorable economic news.
Analysis: Independents Make 'Significant' Contribution to GOM E&P
Tuesday, July 27, 2010 - Offshore development in '09 accounted for more than 200,000 jobs, $38B in eco. benefit and $10B in tax revenues and royalty payments.
BP Prices GOM Spill Costs at $32.2B
Tuesday, July 27, 2010 - BP has taken a pre-tax charge of $32.2B for the GOM oil spill, including the $20B escrow compensation fund previously announced.
BP CEO: Confident Macondo Well Is Now Sealed
Tuesday, July 27, 2010 - BP's Tony Hayward said Tuesday he is confident that the leaking Macondo well in the Gulf of Mexico has been permanently sealed by the cap.
US: Relief-Well Kill of BP's Broken Well to Start Soon
Monday, July 26, 2010 - BP will reconnect a drilling ship with its relief well Monday, a signal that the co. is about two weeks away from beginning the final kill of its broken well.
BP to Reconnect, Resume Ops at MC252 Well
Monday, July 26, 2010 - Following the passing of the weather system, the DDIII drilling rig returned to the relief well site and is taking steps necessary to reconnect with the well and resume drilling operations.
Commodity Corner: Oil Stays Put
Monday, July 26, 2010 - Tropical Storm Bonnie's impact on the Gulf Coast was minimal over the weekend. The same could be said for the direction of September crude oil futures during Monday's trading.
Today's Trends: Poll Shows U.S. Voters Oppose Higher O&G Taxes
Monday, July 26, 2010 - Voters in 10 key states oppose higher taxes on America's oil and natural gas industry by a 2-to-1 margin, according to API.
Energy Industry Monitors Tax Cut Expiry's Implication for O&G
Friday, July 23, 2010 - William Geithner said President Obama would let Bush-era tax cuts for top earners expire in January to help reduce the U.S. budget deficit.
BP Suspends Relief-Well Activity Due to Bonnie
Friday, July 23, 2010 - Relief well activities in GOM will be temporarily suspended because of potentially adverse weather associated with Tropical Storm Bonnie.
Commodity Corner: Crude Oil Up $2.44 for the Week
Friday, July 23, 2010 - The price of a barrel of crude oil for September delivery declined Friday as traders anticipated no major effect on oil interests from a weakened tropical system that was about to enter the Gulf of Mexico.
Tropical Storm Bonnie Approaches Southern Fl.
Friday, July 23, 2010 - The National Weather Service said Tropical Storm Bonnie is approaching South Florida.
BOEM Monitors GOM Activities in Bonnie's Path
Friday, July 23, 2010 - Offshore oil and gas operators in the Gulf of Mexico are evacuating platforms and rigs in the path of Tropical Storm Bonnie.
Conoco, Exxon Evacuating Nonessential Staff From Some US Gulf Facilities
Friday, July 23, 2010 - ConocoPhillips and Exxon Mobil said Friday that they were evacuating nonessential staff from some U.S. GOM facilities ahead of the arrival of Tropical Storm Bonnie.
Chevron Evacuates Nonessential Workers from GOM
Friday, July 23, 2010 - Chevron said it was evacuating nonessential workers from its GOM operations ahead of Tropical Storm Bonnie.
Analysis: EIA Analyzes Proposed Climate Change Laws
Friday, July 23, 2010 - Based on the EIA's analysis, it appears that the APA will likely fall short on its goals of achieving energy indep. and reducing emissions.
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