Tag Archives: drilling

BP spill clouds future of U.S. oil drilling

Daniel Becnel Jr., speed dialing over a speaker phone, places a call to a lawyer for a defendant in the British Petroleum-Deepwater Horizon rig explosion and oil spill. “This is the king of torts calling,” he says when he reaches … Continue reading

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Pennsylvania halts drilling by EOG after accident

Bank of America to pay $108 million to settle chargesFinancial crisis panel subpoenas Goldman SachsPump prices leveling off after 20-cent U.S. dropSteffy: BP’s wrongs undercut what it’s doing rightJob picture for college graduates improves a bit

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Equal Energy Announces Disposition of Non-Core Assets and Positive Drilling

Results EQU: TSX, NYSE CALGARY, Alberta, June 7, 2010 /CNW/ – Equal Energy (“Equal”, “we”, “our”) has signed a letter of intent to sell its non-core, non-operated deep sour gas interests in west central Alberta for estimated proceeds of $25 … Continue reading

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Oil Spill Should Spark Safety Measures, Not Curb Drilling, Expert Says

Champaign, IL – A massive oil spill in the Gulf of Mexico should fuel a renewed push for safety, not less offshore drilling, according to a University of Illinois expert who wrote a six-volume book series on marine pollution. Backing … Continue reading

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Oil Drilling – an Expensive Business involving multi million-dollar offshore drilling platform

By MERLIN FLOWER for OIL-PRICE.NET, 2009/12/16 Among all the undertakings in the world, this could rank as one of the riskiest ventures-oil drilling. Here’s a sampler for what we are talking about from Mukluk Island: In 1983, twelve companies spent … Continue reading

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