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Oil & Gas

Austrian Oil Equipment Maker Buys Dubai Technology Firm

September 15, 2010
Drilling Systems International (DSI), a niche oil technology company based in Dubai, has been bought by an Austrian oil equipment maker, reports The National. Schoeller Beckmann Oilfield Equipment did
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Obama Proposes Doubling Offshore Oil Inspection Fees

September 14, 2010
According to the Associated Press, the Obama administration wants to double the fees the government charges oil and gas companies to inspect their offshore operations. The White House asked
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OPEC Warns of Weakening Oil Demand

September 9, 2010
The Organization of Petroleum Exporting Countries warned of weakening demand amid signs of an economic slowdown in industrialized nations, reports the Wall Street Journal. In its monthly report, OPEC said
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BP Report Shifts Blame to Contractors

September 8, 2010
In a press release statement, BP says that no single factor caused the Macondo well tragedy. Rather, a sequence of failures involving a number of different parties led to
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California Rejects Bill to Ban Plastic Shopping Bags

September 2, 2010
The Associated Press reports, California lawmakers have rejected a bill seeking to ban plastic shopping bags. The Democratic bill would have been the first statewide ban, although a few California
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BP Spent $93 Million on Advertising after Oil Spill

September 2, 2010
The Associated Press reports, BP says it has spent more than $5 million a week on advertising since the Gulf Coast oil spill. BP PLC told the House Energy and
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Gulf Oil Platform Explodes Off Louisiana Coast

September 2, 2010
An offshore petroleum platform exploded and was burning in the Gulf of Mexico about 80 miles off the Louisiana coast, west of the site where BP''s undersea well spilled, according
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Bad Weather Halts BP Well Kill

September 1, 2010
MarketWatch reports, rough seas are delaying efforts to permanently kill the source of the Gulf oil spill. With Hurricane Earl raging far away off the southeastern coast of the Dominican
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Greenpeace Protesters Board Cairn Oil Rig

August 31, 2010
Reuters reports, protesters from the environmental group Greenpeace boarded a drilling rig operated by UK- based Cairn Energy. Greenpeace said four campaigners climbed aboard the Stena Don, a semi-submersible rig,
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Indonesia Seeks $2.5 Billion Oil Spill Payout from Australian Company

August 26, 2010
Reports from Indonesia say the government will seek $2.5 billion in compensation from an Australian-based exploration company that was responsible for an oil spill in the Timor Sea last year.
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