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Industry barely touches Gulf of Mexico leases

Thirteen companies submitted bids for 116 of 3,873 blocks offered in the Nov. 28 Western Gulf of Mexico Lease Sale 229 in New Orleans.

Producers urge Congress to leave IDC tax deductions alone

A coalition of 33 national, regional, and state oil and gas associations expressed concern to leaders of two key congressional committees over the possible elimination or restriction of the federal tax deduction for intangible drilling costs.

Cooper basin well cuts thick unconventional gas pay

Senex Energy Ltd., Brisbane, said its Kingston Rule-1 unconventional gas exploratory well in Australia’s southern Cooper basin encountered 53 m of net gas pay in tight sands and 170 m of shale and coal in various formations in the Early Permian section.

EPA temporarily suspends BP from new US government contracts

The US Environmental Protection Agency temporarily suspended BP Exploration & Production Inc., BP PLC, and BP affiliates from new contracts with the federal government, citing what EPA called BP’s lack of business integrity regarding the Macondo deepwater well blowout and resulting oil spill.

Maugeri: IEA's outlook for US oil output late, maybe low

The author of a study projecting a 17 million b/d increase in global oil production by 2020 has criticized a recent forecast by the International Energy Agency that the US will become the world’s top oil producer by 2020 (OGJ Online, Nov. 13, 2012).

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Market Journal

Political crisis weighs on oil

On Nov. 21, Egyptian officials announced a ceasefire agreement—which they helped broker—between Israel and Hamas leaders to end a week of fighting.

Editor's Perspective

In growing global market for ...

A surge in natural gas production in North America and regulatory assaults in the US can give the impression that coal’s future is grim. Not so, says Energy-Facts.org.

Shell Perdido Custom Publication

Fabricating the Single-Lift Topsides

The Perdido team faced a tough decision. A conventional topsides design required a series of modules that would have to be fabricated onshore, then lifted onto the spar and integrated offshore, but what if the team could constrain the design enough that it could be built and lifted in one piece?

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Editor's Perspective - Video Blog

Iterative approach to regulation a pattern for EPA

11/29/2012
With its iterative approach to regulation, the US Environmental Protecti...

Watching Government - Video Blog

IEA's global refining outlook

12/10/2012
Most of the interest so far in the International Energy Agency’s medium-...