Promising

With its “top hat” oil collection chamber waiting on the sea floor as a standby measure, BP plc on Friday was about to attempt a more promising tactic to siphon some of the oil leaking from its ruptured well 5,000 feet below the surface of the Gulf of Mexico (GOM).

With its “top hat” oil collection chamber waiting on the sea floor as a standby measure, BP plc on Friday was about to attempt a more promising tactic to siphon some of the oil leaking from its ruptured well 5,000 feet below the surface of the Gulf of Mexico (GOM).

Devon Energy Corp. confirmed last week that Maersk Oil’s plan to buy the Oklahoma City-based producer’s stakes in promising deepwater Gulf of Mexico (GOM) discoveries was blocked after some of the other lease owners used their preferential purchase rights.

Devon Energy Corp. confirmed Monday that Maersk Oil’s plan to buy the Oklahoma City-based producer’s stakes in promising deepwater Gulf of Mexico (GOM) discoveries was blocked after some of the other lease owners used their preferential purchase rights.

Devon Energy Corp. confirmed Monday that Maersk Oil’s plan to buy the Oklahoma City-based producer’s stakes in promising deepwater Gulf of Mexico (GOM) discoveries was blocked after some of the other lease owners used their preferential purchase rights.

Natural gas wells in East Texas continue to show promising initial production (IP) rates, Goodrich Petroleum Corp. said Tuesday.

Using a landfill along the Pacific Coast west of Silicon Valley, another green electricity source opened at the start of July, promising 11.5 MW of power for local utilities from the Ox Mountain facility in Half Moon Bay, CA. It is a project spawned by Massachusetts energy services firm Ameresco Inc. and Republic Services Inc., the waste management firm operating Ox Mountain.

ExxonMobil Corp. is jumping into what may be Canada’s most promising natural gas region: the Horn River Basin in northeastern British Columbia. The oil major has acquired 115,000 acres in the play with joint partner Imperial Oil Ltd., and the companies will begin evaluating the leasehold later this year.

ExxonMobil Corp. is jumping into what may be Canada’s most promising natural gas region: the Horn River Basin in northeastern British Columbia. The oil major has acquired 115,000 acres in the play with joint partner Imperial Oil Ltd., and the companies will begin evaluating the leasehold later this year.