While most of the agency’s activities have focused on resuming pre-existing oil and gas drilling activities that were halted by the Deepwater Horizon rig tragedy, the Bureau of Ocean Energy Management, Regulation and Enforcement (BOEM) on Monday approved the first new deepwater exploration plan — for Shell Offshore Inc. — since the rig explosion and resulting oil spill.
Tragedy
Articles from Tragedy
Actions, Answers Sought in PG&E Pipeline Blast
A week after the natural gas transmission pipeline tragedy in the San Francisco Bay Area, gas remained a headline-maker whether it involved speculation on city sewer work somehow contributing to the explosion and fire, or lawmakers proposing safeguards. Routine gas utility distribution pipeline breaks and reports of gas odors were being tracked as potential major events.
ExxonMobil CEO: Industry’s Big Challenge Is Regaining Trust
ExxonMobil Corp. has no plans to change its approach to deepwater natural gas and oil drilling in the Gulf of Mexico (GOM) or anywhere else, despite the ongoing offshore tragedy, Chairman Rex Tillerson told shareholders Wednesday in Dallas.
Futures Fall on Isabel’s Northwest Turn, Storage Refill of 97 Bcf
Following a delayed opening as Nymex observed the tragedy of two years prior, natural gas futures dove lower Thursday as Hurricane Isabel took a turn to the northwest and the Energy Information Administration reported a hefty 97 Bcf weekly storage injection. The October contract dipped to $4.685 in the moments following the 11:15 a.m. ET storage report, but then rebounded to close at $4.738, down 23 cents for the session.