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Israel: ATP, Isramco spud deepwater Shimshon well

April 30th, 2012

ATP Oil & Gas Corp., Houston, said its ATP East Med BV subsidiary has spudded the Shimshon deepwater exploratory well on the Shimshon license in the Mediterranean offshore Israel.

NGSA, IPAA see some improvement in CFTC’s swap dealer definition

April 30th, 2012

The US Commodity Futures Trading Commission's latest definition of a swap dealer is an improvement on its original proposal because it recognizes the difference between a dealer and trader, officials from the Natural Gas Supply Association and the Independent Petroleum Association of America separately said.

CSB expects to issue final Macondo report in early 2013

April 30th, 2012

The US Chemical Safety Board is moving ahead with its investigation of the Macondo deepwater well blowout, explosion, and fire and expects to complete its final report in early 2013, it announced this month on the second anniversary of the incident.

Exploration/Development Briefs

April 30th, 2012

Total, Transocean drilling relief well to stem Elgin gas leak

April 30th, 2012

Total UK Ltd. said contractor Transocean Ltd. has started drilling a relief well to stop a natural gas leak from well G4 on the Elgin platform in the North Sea, while workers continue to prepare for a well-control operation to stop the leak on the platform.

USGS updates non-US oil, gas, NGL conventional resource estimates

April 30th, 2012

The US Geological Survey estimates that the world's undiscovered, technically recoverable conventional oil and gas resources outside the US total 565 billion bbl of oil, 5,606 tcf of natural gas, and 167 billion bbl of natural gas liquids, it said on Apr. 18.

Watching Government: Behind the BSEE safety alert

April 30th, 2012

An Apr. 13 safety alert shows how the US Bureau of Safety and Environmental Enforcement is approaching its mission in its early days as a separate agency from the Department of the Interior.

NEB: Canadian gas deliverability to decline

April 30th, 2012

Deliverability of natural gas in Canada will decline during 2012-14 but remain "well above" domestic demand, says the National Energy Board.

EQUIPMENT | SOFTWARE | LITERATURE

April 30th, 2012

BP agrees to pay $7.8 billion in Macondo settlements

April 30th, 2012

BP PLC agreed to pay $7.8 billion in settlement agreements with the Plaintiffs' Steering Committee (PSC) to resolve most of the private economic loss, property damage, and medical claims stemming from the Macondo well blowout.

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