Another Oil spill as Barge strikes well.

A barge struck an abandoned well just north of Barataria Bay early this morning, causing oil and natural gas to shoot 100 feet skyward, the U.S. Coast Guard said.

Oil prices dropped on Tuesday following disappointing reports on consumer confidence and manufacturing.

What does an American oil or natural gas company look like? It seems like a simple question. But to many policymakers in Washington, those responsible for delivering stable supplies of homegrown oil and gas essential to keep our economy fueled and energy prices stable for struggling families are all “big oil.” This common perception in Washington, and elsewhere, is wildly detached from the facts.

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BP’s Oil Spill brings in Good news for other oil majors.

Bp’s oil spill is scaring away oil and gas majors, that’s good news for shale gas pioneer range resources.

The Gulf of Mexico oil spill was washed ashore in Alberta on Tuesday after the Apache Corp. snapped up ties with BP’s West Canadian natural gas operations as part of a $ 7 billion asset sales to raise cash to help pay for the damages that arose from the gulf of mexico oil spill.

Further expanding its technology presence in ndia and the region GE has signed a ten year licencing agreement with Bharat eavy Electricals Ltd. India.

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Oil and gas drilling in the Arctic.

A federal judge in Alaska blocked plans on Wednesday for oil and gas drilling in the Arctic, ruling that the Interior Department did not adequately consider the proposal’s environmental effects.

Oil & Natural Gas Corp. India’s biggest energy exploration company, may consider bidding jointly with Vietnam Oil & Gas Group for partner BP Plc’s stake in a natural gas field in Vietnam to secure fuel supplies.

Santos Ltd., Australia’s third- largest oil and gas producer, reported a 11 percent decline in second-quarter output as floods in central Australia disrupted operations in the Cooper Basin.

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Bush defends offshore drilling.

Former President George W. Bush’s interior secretaries defended their record of promoting offshore drilling Tuesday at a hearing before a congressional committee investigating the catastrophic gulf oil spill.

Seeger Weiss has co-founded the BP Oil Spill Legal Network, a national coalition of lawyers with the experience necessary to assist you in recovering the losses you have or will suffer from the April 20, 2010 BP oil spill in the Gulf of Mexico.

Sensitive to accusations that the BP oil spill could be its own Katrina, the Obama administration recently seized the opportunity to declare a moratorium on deepwater drilling — buying time to conduct supposed offshore drilling safety studies.

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BP Considers New Plan to Permanently Seal Well

As scientists on Monday allayed concerns that BP’s well in the Gulf of Mexico was damaged, the company said it was considering an alternative plan that could permanently seal the gusher sooner than had been anticipated.

The oil and gas company Chevron has announced it will supply a Korean gas company with LNG from the Wheatstone project off the Pilbara coast.

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Obama launches policy to protect oceans.

The Obama administration on Monday announced a new national policy for strengthening the way the U.S. manages its oceans and coasts, and the Great Lakes. Officials said the framework is needed now more than ever following the massive Gulf oil spill.

Michael R. Bromwich, Director of the Bureau of Ocean Energy Management, Regulation, and Enforcement (BOEM), announced today that he will be leading a series of public meetings to collect information and views about deepwater drilling safety reforms, blowout containment, and oil spill response.

Catalist-listed Viking Offshore and Marine has bought controlling stakes in two offshore-related companies for nearly $29.8 million.

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China seals oil port after spill

One of China’s biggest ports, Dalian, shut on Monday after an pipeline explosion triggered a major offshore oil spill, forcing a refinery to cut processing and importers to divert cargoes elsewhere.

Engineers monitoring BP Plc’s damaged well in the Gulf of Mexico detected seepage on the ocean floor that could mean problems with the cap that has stopped oil from gushing into the water, the U.S. government’s top oil spill official said on Sunday.

Energy giant BP Plc can extend a test on its capped Macondo oil well in the Gulf of Mexico after determining that nearby seepage is not related to the test, a U.S. official said on Monday.

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Punishing BP would Boost drilling safety?

Legislation that could bar BP from getting new offshore oil leases in the United States passed another hurdle in Congress on Thursday while a separate bill to boost safety requirements for offshore drilling advanced through another congressional panel.

On Wednesday, one headline screamed “Americans in 73% Majority Oppose Deepwater Drilling Ban.” Another poll showed 56 percent support for the moratorium.

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Panel votes to block new BP offshore leases

A US House subcommittee voted yesterday to bar BP from new US offshore leases to drill for oil or natural gas because of past safety violations.

After the Deepwater Horizon rig exploded and its well began spewing millions of gallons of oil into the Gulf of Mexico, the Obama administration took the logical step.

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BP Begins Test That Could Halt Oil Spill

BP stopped collecting oil from its runaway well on Wednesday afternoon, beginning a critical test that could halt the rush of oil into the Gulf of Mexico for the first time since the disaster began three months ago.

Oil and Gas UK is demanding a clarification after the minister’s comments on the oil drilling ban.

A house committee has passed a bill stopping any company from getting permission to drill for seven years if it has caused more than 10 deaths during operations, while contravening health and safety laws.

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