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Devil’s in the details: Why BP’s debt may deter a buyer

Oil & Gas 360º

(BOE Report) – BP has been the subject of takeover talks for several years due to its shares’ relative underperformance, but analysis of its disclosures shows the British energy firm may not be as cheap as its market valuation would indicate. BP declined to comment. Unlike Shell, which includes $28.5 billion net debt, BP excludes them.

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EPA proposes giving Texas authority to oversee CO2 injection permits

Oil & Gas 360º

The planned approval comes amid concerns by some landowners and environmental groups that pumping CO2 into the ground could harm their groundwater and exacerbate earthquakes and old oil-well blowouts already happening in the Permian Basin as Texas struggles to manage wastewater disposal, for which it already has oversight authority.

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Blowout Preventer Valves | Oil & Gas | Keystone Energy

Keystone Energy Tools

Anyone who wants to be well-versed in oil drilling must understand the crucial role of the blowout preventer (BOP). One of the most critical components in a drilling rigs safety system is the blowout preventer (BOP). This device controls pressure and prevents dangerous blowouts during drilling operations.

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This is not another article about Macondo: no, I want to know why people even bother with Gross Negligence in Joint Operating Agreements?

Global Energy

Judge Barbier decided that BP was grossly negligent in relation to the blowout, explosion and fire abroad the Deepwater Horizon […]

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1/4 Century: What Was the Oil and Gas Industry Like in the Early 2000s? Part 2

Rextag

the rise of unconventional resources like coal bed methane, and how the industry began reshaping Americas energy map. This wasnt just about producing oil and cementing Americas path toward energy independence. Merged with Texaco in 2001, solidifying its position as one of the worlds energy giants. Now, heres Part 2.

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DOI Promulgates a New Final Rule for Increased Safety Measures on the OCS

The Energy Law

In response, the Secretary of the Interior drafted a report entitled, “Increased Safety Measures for Energy Development on the Outer Continental Shelf,” which recommended a number of actions to increase safety. Following the report, the Secretary of the Interior directed BOEMRE to adopt and implement the report’s recommendations. 50856 (Aug.