Daily Archives: May 13, 2010

Carola Hoyos

A rig drilling for gas in Venezuela sank in the early hours of today. All 95 people on board were saved and there is no risk to the environment, according to Rafael Ramirez Venezuela’s energy minister. But how was the message delivered? Read more

Sheila McNulty

The American Petroleum Institute says it is still considering its view on Senators John Kerry and Joe Lieberman’s draft bill. But the natural gas industry already feels the plan is a disappointment. Read more

Kate Mackenzie

More and more reports are coming in of delays oil drilling projects as a result of the Deepwater Horizon accident and continuing oil leak. It looks like some very high-profile projects will also be affected.  Read more

Kate Mackenzie

- Whistleblower claims widespread BOP test cheating

- Clean-up strategy veers into uncharted science Read more

Kate Mackenzie

Is the current decline in crude oil prices simply due to short-term risk aversion and WTI storage issues; or is it a return to fundamentals? Read more

Kate Mackenzie

As the fundamentals debate returns to oil prices against the fall in WTI in particular, focus is naturally on inventories growth. Stephen Schork writes that the ratio of US oil inventories to sales can actually be a potent indicator for equities.  Read more

Kate Mackenzie

- Panel reveals litany of failures on oil spill – FT

- Failed pressure test, hydraulic leak preceded rig blast – Houston Chronicle

- BP releases oil spill video after pressure from White House, media – ABC News

- Top hats may be operational by Friday – Rigzone

- Climate bill faces tough ride in Senate – FT

- Russia to build Turkey’s nuclear plant – FT

- IEA warns against US spill overreaction – FT [And more] Read more