News
Missing data causing rig reconstruction mystery
A “black box” can reveal why an airplane crashed or how fast a car was going in the instant before an accident. Yet there are no records of a critical safety test supposedly performed during the fateful hours before the Deepwater Horizon oil rig exploded in the Gulf of Mexico.
They went [...]
BP faces choppy waters after huge oil spill
Stopping a potentially devastating slick from a damaged oil well in the Gulf of Mexico is only part of the headache currently facing BP.
The company also faces a massive clean-up bill, plus legal action from those affected and possible damage to its global brand.
It is not the first time BP has faced [...]
Oil Spill Gulf of Mexico 2010 UPDATE
New data show that the oil spill in the Gulf of Mexico is five times larger than it was estimated previously! The situation is rapidly getting out of control, and Coast Guard officials have announced they will try to burn portions of the oil in an effort of oil spill containment.
The [...]
Oil drilling accidents prompted new safety rules
NEW ORLEANS – Federal regulators did not need this week’s explosion aboard a state-of-the-art oil rig to know the offshore drilling industry needed new safety rules: Dozens of deaths and hundreds of injuries over the last several years had already convinced them that changes were needed.
The U.S. Minerals and Management Service is [...]
Coastal Caribbean Oils & Minerals, Ltd. – Financial Analysis Review—-Aarkstore Enterprise
Summary
Coastal Caribbean Oils & Minerals, Ltd. (Coastal Caribbean) is an independent oil and gas exploration company. It is engaged in the exploration and production of oil and natural gas reserves through its subsidiary, Coastal Petroleum Company (CPC). Its principal assets are its non-producing oil and gas leases in the States of Montana and North Dakota [...]
Pertolympic Joins Junex, Questerre, Altai and Gastem in St. Lawrence Gas Play
Never has the concept of “closeology” had a more appropriate demonstration than that now underway in the St. Lawrence Lowlands. Since April 1 this year, when Forest Oil Corp (NYSE:FST). of Denver Colorado tested two wells into the Utica Shale formation and flow tested natural gas at the rate of a million cubic feet per [...]
25Jan2010 | admin | Comments Off | ContinuedSMT Reports Geoscientists See Coming Increases in Oil Prices
HOUSTON, TX–(Marketwire – December 15, 2009) – Geoscience professionals anticipate an increase in oil and gas exploration budgets in 2010, according to survey data announced today by SMT, a leader in geoscientific interpretation software. Results of the company’s annual Geoscientist View of the Future Survey further indicate that respondents anticipate the price of crude will [...]
24Jan2010 | admin | Comments Off | Continued