BP PLC has had to make some “very tough choices” and let some “very good people” go in Houston and elsewhere amid an environment that has changed “quite dramatically for all of us” over the last few years, a company executive told attendees May 2 at an opening session of the Offshore Technology Conference in […]
Watching Government: The methane muddle
It looks like a relatively simple problem at first. A substance leaking into the atmosphere is a fuel that operators can sell, seeming to give them every incentive to try and capture it. But methane management has become so political in the US over the last year that it has become a muddle. Source: […]
Gas supply security
About 3 weeks ago, the International Energy Agency hosted a workshop on natural gas supply security at its headquarters in Paris. The purpose of the event was to respond to an agreement at the IEA ministerial meeting in November 2015 to adopt tackling gas supply security as a new mandate for the agency. Source: […]
Energy and the GDP
New economic data underscore one of many perils embedded in the political campaign to constrict development of oil and gas resources in the US. As coincident drops in oil prices and equity values showed earlier this year, wealth generated by hydrocarbon production is crucial to economic growth Source: News
House hearing on BLM's proposed methane rule shows key disagreements
Opponents and supporters of the US Bureau of Land Management’s proposed venting and flaring rule for oil and gas producers quickly defined their main differences at an Apr. 27 House Natural Resources subcommittee hearing. Source: News
US manufacturers' gas demand for gas to rise, study says
Abundant US natural gas supplies have strengthened manufacturing significantly, but major investments will be needed in pipelines and other systems to meet future demand for gas to generate power and keep manufacturers strong, a study commissioned by the National Association of Manufacturers concluded. Source: News
PHMSA working to address gas storage, administrator says
The US Pipeline & Hazardous Safety Administration is moving ahead with the US Department of Energy to address natural gas storage problems exemplified by the late-2015 leak at Southern California Gas Co.’s Aliso Canyon facility near Los Angeles that took months to stop, PHMSA Administrator Marie Therese Dominguez said. Source: News
Supply constraint's upward shift helps oil industry foes
One subtle but politically important result of the oil market’s upheaval is relocation of supply constraint. Source: News
US rig count falls for 20th-consecutive week as E&Ps continue to trim activity
The US drilling rig count dropped 5 units to 415 rigs working during the week ended May 6, representing the 20th-striaght week of declines, according to Baker Hughes Inc. data. Source: News
Imperial reduces production at Kearl in Alberta
In response to the ongoing fire crisis in Alberta, Imperial Oil Ltd. has reduced production at its Kearl oil sands plant northeast of Fort McMurray. The physical plant is unaffected by the fires. Source: News