Some of the federal proposals have already have been adopted by the industry, which worked with regulators following Deepwater Horizon to improve offshore operations.
Since 2010, the American Petroleum Institute has published more than 100 new and revised standards for E&P safety, including BOP standards.
The Cheviot redevelopment in the U.K.’s Northern North Sea is back on track with new operator Alpha Petroleum planning to submit a field development plan this autumn.
The balance of power tips from oil producers to consumers, with Russia looking shaken and U.S. policy in the Middle East in flux as production alleviates oil security concerns.
By using a CAT scan-like technology in the Eagle Ford, hopes are to better understand geology to effectively adjust well spacing and completion designs.