BP, justice department, Deepwater Horizon, Gulf of Mexico, oil, spill, Loretta Lynch

BP, US $20 Billion Settlement Terms Are Finalized

A consent decree filed Oct. 5 details the settlement concerning the Deepwater Horizon accident. The public has until Dec. 4 to comment on a proposed restoration plan.

China, shale, drilling, gas, CNPC, PetroChina, Sinopec, EIA

As Demand Slows, China Continues Push To Produce Shale Gas

Chinese companies’ shale development effort comes as slumping commodity prices have caused others to lay down rigs and forgo completions in the U.S. and pull away from emerging shale plays elsewhere.

oil, exploration, discoveries

Is The Easy Oil Really Gone?

Discoveries continue to be made, but the industry’s track record is showing signs of weakness.

mexico, round one, second phase, oil, production, Gulf of Mexico

Mexico’s Offshore Auction Attracts Robust Bids

Three of five Gulf of Mexico blocks offered were awarded during the second phase of Mexico’s Round One.

supply, demand, oil, price, BP, Petronas, SPE, ATCE

SPE Panel: Focus On What You Can Control, Hope Is No Strategy

The supply-demand imbalance continues to add to commodity price instability, forcing companies to find more ways to maintain or grow production at a lower cost.