While not admitting to a weak safety culture, BP's Robert Dudley recently told the Houston Chronicle that his organization is committed to strengthening the safety culture and "giving it a seat higher up in the company."
Gastar Exploration Ltd. has entered into a $70 million Marcellus shale joint venture agreement with an affiliate of Seoul, South Korea-based investment firm Atinum Partners Co. Ltd. as part of the growing trend of international player involvement in unconventional resources in North America.
Of the 22 main shale plays in the United States, the one with the apparent greatest concentration of gas condensates and most liquids-rich production is the Eagle Ford Shale play in South Texas.
Producers in the Marcellus shale may be forced to curtail natural gas production unless they can come up with a viable way to dispose of ethane, an associated gas, according to a new study from BENTEK Energy.
In the wake of the world's largest accidental oil spill, politicians and environmental groups have been clamoring to capture the public's outrage and funnel it into sweeping legislation that would overhaul the oil and gas industry.
Koch Pipeline Company LP and Arrowhead Pipeline LP will move more Eagle Ford crude via the Arrowhead pipeline to Corpus Christi following a recent agreement and joint tariff.
Plains Exploration & Production Co. has agreed to sell certain of its shallow Gulf of Mexico properties to McMoRan Exploration Co. for a combination of cash and stock totaling $818 million.
Walter Benjamin Reinhold, 85, passed away August 2, 2010. Beni, as he was known by his many friends around the world, was born of Swiss and German immigrants on December 29, 1924 in Los Angeles.