Petrobras

22 Dead In Qingdao Oil Pipeline Blast

Ed. note: This is a weekly column by Elie Mystal, Managing Editor of Above the Law Redline. This space will focus on the laws that exist, should exist, and should be put out of their misery. UNDER-REGULATED The Mississippi River: The Mississippi river blew up yesterday. Okay, that’s not entirely accurate. A gas pipeline exploded… Keep reading →

Rio Hosts Annual Oil And Gas Conference

There is a saying in Brazil, “he who steals a little is a thief but he who steals a lot is a baron.” Apparently, executives at Brazilian oil giant Petrobras were stealing a lot. Corruption charges are turning the company upside down as investigators unravel kickback schemes and inflated construction budgets that involved some of the country’s largest firms.… Keep reading →

Fracking In California Under Spotlight As Some Local Municipalities Issue Bans

Ed. note: This is a new weekly column by Elie Mystal, Managing Editor of http://www.atlredline.com Above the Law Redline. This space will focus on the laws that exist, should exist, and should be put out of their misery. OVER-REGULATED Gaseous Emissions:  The Bureau of Land Management is trying to figure out whether to tax the venting and… Keep reading →

Tropical Storm Arthur Threatens North Carolina's Outer Banks

When you consider how much of the globe is covered by water it’s easy to see why some say the future of oil & gas production lies offshore in ultra-deep water. But while hydrocarbons are likely to be found in these locations, projects built to extract them can be more challenging than some space missions… Keep reading →

Warren Buffett in September 2013. (Photo by Drew Angerer/Getty Images)

Warren Buffett’s Berkshire Hathaway bought 40.1MM shares of ExxonMobil for $3.45bln, and now holds about 0.9% of the company’s stock. UK’s BG has sold additional interests in its Queensland Curtis LNG project in Australia to China National Offshore Oil Corp. for $1.93 billion, and to supply the state-controlled Chinese firm with an additional 5 million tons per year of LNG… Keep reading →

Oil Boom Shifts The Landscape Of Rural North Dakota

“Yet another reason to hate fracking: It’s connected with an increase in STDs, car crashes, drug-related crimes, and sexual assault in areas where the oil and gas industry sets up shop.” The article then goes on to explain that it’s actually not hydraulic fracturing that’s linked to these things, it’s working conditions at oil and… Keep reading →

Oil Boom Shifts The Landscape Of Rural North Dakota

Oil prices had risen on hopes of a US debt deal….but have dipped again since a deal was reached. “U.S. futures slid to their lowest since early July, as stockpiles in the Cushing, Oklahoma oil hub reversed a months-long decline and as signs of progress in talks over Iran’s nuclear program pressured prices.” [Reuters] Petrobras workers are striking to protest foreign… Keep reading →

Prices For U.S. Food Staples Rise Steeply

A recent Wall Street Journal article discussed major oil company reserve holdings and how investors should evaluate a company’s reserve quality, quantity and global geographic distribution. It is an interesting story about a very important topic, but a lack of clarity with regard to some of the methodology and terminology leaves many questions unanswered. However,… Keep reading →

Government Announces Budget Cuts After Dropping Carbon Tax

Australia’s Prime Minister has announced a plan to replace a carbon tax with an emissions-trading scheme in 2014, a year earlier than the initial 2015 timetable. “The move to bring forward the market-based system a full year earlier is expected to quickly produce a sharp drop in the cost of carbon, from a predicted $23.30… Keep reading →

View of a red pipe line, which transport

Mexico is heading towards much-needed energy sector reform, and with two of the country’s three major political parties in broad alignment on energy goals, major changes to the sector look more likely than ever, according to attorneys in the energy practice of law firm Mayer Brown. Mexico is major oil producer, and one of the… Keep reading →

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