Exploration & Production

Endangered Blue Whales Spotted Off California Coast

On Wednesday, January 28, as required by the Outer Continental Shelf Lands Act, Secretary of the Interior Sally Jewell and Bureau of Ocean Energy Management (BOEM) Director Abigail Ross Hopper announced the next step in the development of our nation’s Outer Continental Shelf (OCS) Oil and Gas Leasing Program for 2017-2022. The Draft Proposed Program (DPP) includes 14 potential lease sales in eight planning areas – 10 sales in the Gulf of Mexico, three off the coast of Alaska, and one in a portion of the Mid- and South Atlantic, which includes areas off the coast of Virginia, North Carolina, South Carolina and Georgia.

Houston Scenics

Well it’s not quite that dramatic, but Houston was passed over as host of the 2017 World Petroleum Congress in favor of Istanbul, Turkey. The Texas energy capital hosted the event in 1987 and nearly won the honors for the 2014 event, narrowly losing out to Moscow. [Houston Business Journal] Eni drilled a successful appraisal… Keep reading →

50,000 Descend Upon Rio De Janeiro For Rio+20 Earth Summit

The spread between benchmark crude oil prices for WTI and Brent recently widened to over $10 per barrel after reaching parity this past summer, and signals indicate this is partially due to an oversupplied US Gulf Coast refining center. It also suggests that equity investors might want to be wary of US Exploration & Production… Keep reading →

Twenty Dollar Bills Are Printed At The Bureau of Engraving and Printing

Consulting behemoth IHS has published the results of the third in a series of studies on how the US unconventional oil and gas boom is impacting the country’s economy. The study, America’s New Energy Future: The Unconventional Oil and Gas Revolution and the Economy – Volume 3: A Manufacturing Renaissance, found that across the value chain,… Keep reading →

High Oil Prices Continue To Drive Gas Prices Steadily Upwards

Regulation of the energy sector tends to lag technological developments. This has been an underlying issue in heated debates about the safety and dangers of hydraulic fracturing, and whether it should be regulated at the federal level. A group of energy experts convened at OurEnergyPolicy.org for an online discussion of how waste produced during the… Keep reading →

Competition Begins In National Video Game Event

  In case you missed them, here are some highlights from Breaking Energy this week. Video games and social media have figured prominently in our coverage. Video games could be a recruiting tool to draw new talent to oil and gas. Maersk has developed an exploration and development video game that challenges players to find,… Keep reading →

Norwegian-UK Gas Pipeline Laid In the North Sea

In a bid to attract younger generations to the international oil & gas business, Maersk Group recently launched a Sims-style computer game designed to simulate the high-stakes challenges that come with finding, producing and transporting oil in harsh environments. “We believe we have a very fascinating story to tell about the oil & gas industry,… Keep reading →

An oil drilling rig is seen September 29

Any game-changing technological advance benefits some industries and challenges others. Ratings agency Standard & Poor’s has compiled a list of winners and losers from the US shale boom in a report, Game Changer: Industry Winners And Losers From The U.S. Shale Revolution, released yesterday. Among beneficiaries of the shale boom are the petrochemical industry, which is enjoying lower… Keep reading →