Stabilize

Baker Hughes Inc. expects the North American rig count will “begin to stabilize” in the second half of this year, but things are expected to get worse before they get better, CEO Martin Craighead said Wednesday.

The time may be right to push for a carbon tax, both to reduce emissions and to help stabilize the U.S. economy, according to policy wonks and academics. Whether the Obama administration or Congress, however, are ready to tackle sweeping climate change legislation again after a bill foundered in Congress two years ago is questionable.

The time may be right to push for a carbon tax, both to reduce emissions and to help stabilize the U.S. economy, according to policy wonks and academics. Whether the Obama administration or Congress are ready to tackle sweeping climate change legislation again after a bill foundered in Congress two years ago, however, is questionable.

BP plc CEO Bob Dudley said last week his top priority is to continue to stabilize the company one year on after the Macondo well blowout in the Gulf of Mexico (GOM). In other words, he said, don’t look for the company to spin off its refinery operations anytime soon.

BP plc CEO Bob Dudley said Tuesday his top priority is to continue to stabilize the company one year on after the Macondo well blowout in the Gulf of Mexico (GOM). In other words, he said, don’t look for the company to spin off its refinery operations anytime soon.

Canadian natural gas production will continue to drop over the next three years even if prices recover and stabilize, potentially cutting exports to the United States by almost two-thirds, the National Energy Board (NEB) predicts.

Canadian natural gas production will continue to drop over the next three years even if prices recover and stabilize, potentially cutting exports to the United States by almost two-thirds, the National Energy Board (NEB) predicts.

Canadian natural gas production will continue to drop over the next three years even if prices recover and stabilize, potentially cutting exports to the United States by almost two-thirds, the National Energy Board (NEB) predicts.

The global offshore drilling industry will stabilize this year but likely won’t return to growth before 2011, research analyst Datamonitor reported last week.