The issue of hydraulic fracturing, or fracking, has taken on a life of its own. But with so much misinformation circulating, it is hard for the general public to know whether it is a good thing or a bad thing. The truth is – as with any polarizing issue – somewhere in the middle Read more
The big question for months has been what would happen if there was a significant spill in the deepwaters outside of the Gulf of Mexico. Following BP’s Macondo disaster, the industry worked together to build two spill response systems for this area. But nobody said what would happen if a deepwater disaster unfolded in the waters offshore Ghana or Brazil.
A year after the Macondo disaster, the industry has pulled together in the US and built not one but two spill containment systems. These systems are really state-of-the-art and aimed at containing a massive spill in the deep water.
What a difference a year makes….or does it? Certainly activity in the Gulf of Mexico remains slow following the Macondo disaster. But it is moving again. And, despite all the talk about how the US risked driving away the industry by tightening up processes and procedures, just about everyone is still here.
President Barack Obama is calling on oil companies to increase production in the US, accusing them of sitting on tens of millions of unused and unexplored acres of leases on public land waiting to be tapped. But this must be put in context. Read more
The oil and gas industry has been afraid there might be repercussions from the recent investigation that found Macondo’s blowout preventer failed to close because a section of drill pipe had buckled during the accident and blocked efforts to seal it off. Read more
Ken Salazar, the US interior secretary, and Michael Bromwich, director of the US oceans regulator, held a press conference amid great fanfare on Monday to unveil that they had approved a plan by Shell for deepwater oil and gas exploration. Read more
- Industry thrown into turmoil
- Companies feel effects of Macondo disaster
- Opportunities west of Shetland
- Ice thaws on Canadian oil sands projects
- Huge prize lies under pristine Arctic wilderness
- Shale extraction technology leads to oversupplied market
- Two different disasters will have profound effects on US energy policy
- UK suffers from legacy of North Sea gas abundance
- Plant power seen as only viable long-term alternative to petrol Read more
As the big guns of the oil industry gather in London this week for International Petroleum week, talk has been largely of two things: the effect of Middle East unrest on the oil price and how to improve its reputation, especially after Macondo. Read more