Remove Blowout Remove Energy Remove Oil
article thumbnail

IEA: Record Supply Surge Sets Stage for Oil Stockpile Blowout

OilPrice

Soaring crude oil supply will lead to a record glut later this year and in early 2026 as demand growth will continue to disappoint, according to the International Energy Agency (IEA). The agency has now downgraded its expectations of global oil demand growth in six out of eight monthly oil reports so far this year.

article thumbnail

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. oil majors such as Exxon Mobil or Chevron. BP declined to comment.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

EPA proposes giving Texas authority to oversee CO2 injection permits

Oil & Gas 360º

Environmental Protection Agency on Monday proposed approving Texas’ application to oversee its own permitting for projects to inject carbon dioxide underground, a move long sought by that state’s regulators and oil and gas companies with projects in the wings. Reporting by Valerie Volcovici; Editing by Mark Porter and Marguerita Choy)

article thumbnail

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). Ensuring the safety and efficiency of drilling operations is paramount in the oil and gas industry. One of the most critical components in a drilling rigs safety system is the blowout preventer (BOP).

article thumbnail

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 […]

article thumbnail

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

Rextag

As we wrap up the year in December, were taking a moment to reflect on the early 2000s, when the oil and gas industry was booming with bold ideas and big changes. the rise of unconventional resources like coal bed methane, and how the industry began reshaping Americas energy map. million barrels of oil equivalent by 2005.

article thumbnail

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.