Devastating

The past two years have been trying for BP plc, which has faced an onslaught of legal bills and payouts from the devastating 2010 Macondo well blowout in the deepwater Gulf of Mexico (GOM), but the producer is close to putting its troubles behind it, Group CEO Bob Dudley said last week.

The past two years have been trying for BP plc, which has faced an onslaught of legal bills and payouts from the devastating 2010 Macondo well blowout in the deepwater Gulf of Mexico (GOM), but the producer is close to putting its troubles behind it, Group CEO Bob Dudley said Tuesday.

A coalition of New York landowners that supports natural gas development are blasting the administration of Gov. Andrew Cuomo for what may be additional delays in promulgating rules governing drilling and high-volume hydraulic fracturing (HVHF) in the state.

Researchers have discovered that in the five months following the devastating April 2010 Macondo well blowout, naturally occurring bacteria that exist in the Gulf of Mexico (GOM) consumed and removed at least 200,000 tons of oil and natural gas that spewed into the deepwater from the ruptured wellhead.

BP plc, still coming to terms with the devastating Macondo well blowout two years ago, said last week it would sell one Gulf of Mexico (GOM) field and stakes in four others.

BP plc, still coming to terms with the devastating Macondo well blowout two years ago, said Tuesday it is selling one Gulf of Mexico (GOM) field and stakes in four others.

June’s flood in and around the Bakken Shale play in North Dakota has been a setback for all the producers in the area, but it may not be as devastating as earlier reports indicated, MDU Resources Group Inc. senior executives said Tuesday during a second quarter earnings conference call.

June’s flood in and around the Bakken Shale play in North Dakota has been a setback for all the producers in the area, but it may not be as devastating as earlier reports indicated (see Daily GPI, June 28), MDU Resources Group Inc. senior executives said Tuesday during a second quarter earnings conference call.

Entering the third week after the devastating transmission pipeline explosion in San Bruno, CA, (see NGI, Sept. 13), it appears that additional investigations are likely to come from state regulators and lawmakers, along with various industry assessments.