Offshore

Oil Boom Shifts The Landscape Of Rural North Dakota

The energy industry – oil & gas sector in particular – is bracing itself for a massive wave of retirements over the short to medium term, which has been dubbed “The Great Shift Change.” As the industry prepares for this turnover, companies are looking to the next generation of candidates with skills ranging from finance,… Keep reading →

USOC Pre-Olympic Congressional Day

Shell spent billions of dollars and significant political capital to obtain the licenses and approvals required to explore for oil and gas off the coast of Alaska. A US appeals court recently ruled the original lease sale flawed, which threw new obstacles in the company’s path toward offshore Alaskan oil and gas development. The recent… Keep reading →

Gulf Oil Spill Begins To Reach Land As BP Struggles To Contain Leak

Yesterday’s Gulf of Mexico lease sale brought in just over $102 million in high bids, less than the two previous sales. Various news outlets described it in less-than-glowing terms. Oil & Gas Journal called the results “lackluster“, while Fuel Fix said the sale drew “tepid interest“. “This sale was not eye-popping, and may be closer to a… Keep reading →

The Nation's Capitol Celebrates 4th Of July With Fireworks Display

Last week we published a piece on what are likely to be Congress’ top 6 energy policy priorities after the August recess, according to Frank Maisano, Senior Principal at law firm Bracewell Giuliani. Elias Hinckley, also a Washington, DC-based attorney specializing in energy, has offered a slightly different take on what we might see in energy policy… Keep reading →

An Oil Refinery Ablaze In Jiujiang

A fire at the Motiva refinery – the largest in the US – took more than half its capacity offline for at least two weeks. “The fires come on top of a nagging vibration problem with a key pipe in the plant’s biggest crude distillation unit, or CDU, that is expected to keep it running… Keep reading →

Many Feared Dead As Egyptian Security Forces Clear Cairo Protest Camps

The price of West Texas Intermediate crude had risen for five consecutive days as of yesterday afternoon – “the longest stretch of gains since April” – on news of escalating unrest in Egypt, as Brent hit a four-month high. A police crackdown on protests in Egypt has left more than 500 dead. [Bloomberg] Iran has… Keep reading →

Fracking Protests Continue In Sussex

Chesapeake is giving up its leases in New York state. “The decision, expected to be finalized next week, is a sign of energy firms’ growing frustration over operating in the Empire State, where most drilling is on hold, and also an indication of how Chesapeake is reining in spending after years of aggressive acreage buying… Keep reading →

BP Blow Out Preventer From The Deepwater Horizon Oil Rig Recovered

An offshore natural gas well blew out yesterday in the Gulf of Mexico about 150 miles south of the Louisiana coast. All personnel were safely evacuated and no injuries were reported. Environmental group Natural Resources Defense Council took the opportunity to comment on risk associated with petroleum development and suggested that risk is too great… Keep reading →

Wild Fire Burns Homes In Lake Hughes, California

DOE released a report examining the impacts of climate change on the nation’s energy and electricity infrastructure, including an assessment of ongoing efforts and potential opportunities to improve the energy sector’s climate resilience.   On July 11, 2013, the Department of Energy (DOE) released a report examining current and future impacts of climate change on… Keep reading →

Offshore Drilling Could Return To California If Lawmakers Approve Budget

A rise in well permitting in recent weeks seems to point to robust drilling activity in the second half of this year, according to Barclays. The bank monitors permitting data in 30 states, which has been on an upward trajectory of late. Onshore drilling permit activity showed a 4% increase month-over-month in June, adjusted to… Keep reading →

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