Jul
31

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.

Jul
31

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.

Jul
31

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.