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Oil and Gas Industry

BP Signs $7.2 Billion India Deal

AP | JANE WARDELL | Posted 05.25.2011 | Business

LONDON — BP PLC is paying India's Reliance Industries $7.2 billion to take a stake in key oil and gas blocks, gaining a significant foothold in ...

The Hydraulic Fracturing Dilemma, and Danger

Robert L. Cavnar | Posted 05.25.2011 | Green
Robert L. Cavnar

It's time for the industry to take a pause on frac'ing, similar to the pause we continue to experience in the deepwater, and take the time to determine harmful practices and materials, then replace these techniques with safer operations.

BP Will Start Paying Dividends Again

Bloomberg | Brian Swint | Posted 05.25.2011 | Business

BP Plc, Europe's second-biggest oil company, reinstated the dividend and will sell two U.S. refineries as it recovers from the Gulf of Mexico spill. ...

Firm Offers Journalists Cash For Their Opinions On Oil, Gas Industries

Washington Post | Paul Farhi | Posted 05.25.2011 | Business

News reporters are supposed to keep their opinions out of their copy. They certainly aren't supposed to sell them back to the people they cover. Ye...

Water or Gas? Karl Rove, Cheney, and Cohorts Weighing In On Key NY Race

Alison Rose Levy | Posted 05.25.2011 | Green
Alison Rose Levy

We can't allow private industry to go unchecked for the sake of profits.

American Petroleum Institute's Revisionist History on Climate Change Position

Brendan DeMelle | Posted 05.25.2011 | Green
Brendan DeMelle

The American Petroleum Institute, the trade group for the oil and natural gas industry, is trying to re-write history by claiming that it has remained...

BP Blowout: Containment Effort Halted

Robert L. Cavnar | Posted 05.25.2011 | Green
Robert L. Cavnar

It's time to step back from deepwater development not only until we have a reliable way to keep disasters from happening, but more importantly, until we know how to cope quickly when they do.

Subsea Drilling: How Do They Work on the Ocean Floor?

Robert L. Cavnar | Posted 05.25.2011 | Green
Robert L. Cavnar

I've gotten lots of questions the last week about my posts on the BP blowout of their Mississippi Canyon Block 252 well and how they do all the work o...

A View From Inside BP: "Hubris" Before the Blowout

Robert L. Cavnar | Posted 05.25.2011 | Green
Robert L. Cavnar

Hubris. Illusions of grandeur. Deepwater overseers had been so successful (lucky) that they were over-confident. Having never experienced this kind of failure, it was inconceivable to them that it could happen. It did.

BP Starts Talking About Blowout Well -- Sort Of

Robert L. Cavnar | Posted 05.25.2011 | Green
Robert L. Cavnar

BP's approach to this week's Offshore Technology Conference is wrong. Instead of hiding, BP should take advantage of this resource, call a meeting of these professionals and let them go to work.

Blowout Preventer is "Not Closed, ... is Not Going to Close"

Robert L. Cavnar | Posted 05.25.2011 | Green
Robert L. Cavnar

It appears as though the containment structure is the only chance BP has of slowing the growth of the spill, at least until they get the well killed by a relief well, or if well bore damage slows the flow by itself.

My Industry -- the Oil Industry -- Should Be Ashamed of Itself

Robert L. Cavnar | Posted 05.25.2011 | Green
Robert L. Cavnar

It's time for the industry to get on the right side of reform and improvements, not taking our usual negative positions, wielding our army of lobbyists, having to be dragged by the hair to do the right thing.

BP Top Kill. Today? Finally?

Robert L. Cavnar | Posted 05.25.2011 | Green
Robert L. Cavnar

BP has been moving the date for the top kill on almost a daily basis, using vague explanations about staging, equipment, etc. There may be something else going on, and, based on BP's past, you can almost be sure there is.

BP's Story Changes Again -- Top Kill Delayed, Less Oil Being Recovered

Robert L. Cavnar | Posted 05.25.2011 | Green
Robert L. Cavnar

Oil on the beach and interminable delays, in addition to dozens of "press briefings" where nothing is really said, has fed a growing frustration in the press and fear among the public that BP either doesn't know what it's doing, or is not being honest.

Next Question to BP: What's Taking So Long?

Robert L. Cavnar | Posted 05.25.2011 | Green
Robert L. Cavnar

It's clear now that BP is not going to be forthcoming. It's time for an independent group of engineers and scientists be inserted into the BP response center to assure that outgoing information is complete and accurate

Question for BP and the MMS - What is the Real Flow From the Blowout?

Robert L. Cavnar | Posted 05.25.2011 | Green
Robert L. Cavnar

After viewing the subsea videos of BP's blowout well last night, I am renewing my question to BP and the MMS... What is the real flow from the well?

BP Announces Success of Riser Tool -- But Remains Coy

Robert L. Cavnar | Posted 05.25.2011 | Green
Robert L. Cavnar

BP announced that they were moving oil to the surface for containment with a riser tool, but backed off an earlier statement that they could contain 85% of the leak.

BP Press Conference: More Experimental Steps to Stymie the Disaster

Robert L. Cavnar | Posted 05.25.2011 | Green
Robert L. Cavnar

What's obvious is just how unprepared BP was for an incident of this magnitude. They are taking suggestions from anyone and everyone who wants to call, and seem willing to try almost anything.

Colorado City Had Nation's Highest Job Losses In 2009

Posted 05.25.2011 | Denver

According to federal labor officials, the town of Grand Junction, Colorado led the nation in job losses in 2009. According to an AP report, the U.S. ...

Oil And Gas Industry: Conservation Measures Could Mean Delays, Costs

AP | MEAD GRUVER | Posted 05.25.2011 | Denver

CHEYENNE, Wyo. — Oil and gas companies face more drilling delays and higher costs because of a new U.S. Bureau of Land Management policy for pro...

Obama Budget Seeks To End Oil, Gas Industry Tax Breaks

Reuters | Posted 05.25.2011 | Politics

President Barack Obama's budget outline calls for eliminating substantial tax breaks and increasing fees for the oil and natural gas industry....

A Victory for America's Land

Robert Redford | Posted 05.25.2011 | Green
Robert Redford

The Interior Secretary has announced that he is canceling all 77 contested leases surrounding some of Utah's most stunning national parks. This redrock wilderness can now remain part of our natural heritage.

Energy Companies In Colorado Trying To Evade Safety Regulations

Los Angeles Times | DeeDee Correll | Posted 05.25.2011 | Green

New regulations adopted this month to govern Colorado's booming oil and gas industry aim to make future incidents easier to handle by, among other thi...

Environmentalists Slam Bush's Departing Proposal As "Fire Sale" For Oil And Gas Industry

AP | PAUL FOY | Posted 05.25.2011 | Green

SALT LAKE CITY — The view of Delicate Arch natural bridge _ an unspoiled landmark so iconic it's on Utah's license plates _ could one day includ...