7/29/10,
Gov't warned company about oil pipeline monitoring
(AP)
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AP - A Canadian company whose pipeline leaked hundreds of thousands of gallons of oil into a Michigan river was warned by government regulators in January that its monitoring of corrosion in the pipeline was insufficient.
7/29/10,
Oil prices rise on better corporate earnings
(AP)
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AP - Oil prices rose Thursday as better-than-expected earnings from ExxonMobil Corp., Southwest Airlines Co. and others bolstered hope for an improving economy.
AP - Hornbeck Offshore Services Inc., which provides water transportation for the petroleum industry, is prepared to move to wherever rigs go if the deepwater drilling moratorium in the Gulf of Mexico drives away business, the company's CEO said Thursday. Read more...
7/29/10,
Private mineral owners in Wyo. to auction rights
(AP)
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AP - A group of people who own mineral rights in eastern Wyoming say they're planning to sell those rights to oil developers in a public auction. Read more...
AP - Partisan disagreements in the Senate will delay passage of legislation responding to the Gulf oil spill until at least September, when Congress returns from its summer recess. Read more...
7/29/10,
Key step to kill Gulf gusher may happen sooner
(AP)
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AP - A procedure intended to ease the job of plugging the blownout Gulf well for good could start as early as the weekend, the government's point man for the spill response said Thursday.
7/29/10,
Feds OK project to drill under, not on, wild areas
(AP)
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AP - An energy company received federal approval Thursday to open one of Utah's biggest natural gas fields by agreeing to use new technology to drill under wild areas, instead of on top of them. Read more...
AP - Oil and gas exploration company Boots & Coots Inc. reported a spike in second-quarter profits Thursday, boosted by growing revenue across its businesses. Read more...
7/29/10,
US panel asked to consolidate oil spill lawsuits
(AP)
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AP - A federal judicial panel wrestled Thursday with perceptions of bias and conflict among both judges and geography in figuring out where to consolidate more than 300 lawsuits filed against BP PLC and other companies in the wake of the Gulf of Mexico oil spill.
7/29/10,
Exxon and Shell quarterly profits soar
(Reuters)
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Reuters - Exxon Mobil's quarterly profit jumped 85 percent on surging oil prices and a big rise in refining margins, while Royal Dutch Shell Plc's (RDSa.L) profits rose 34 percent.
7/29/10,
Helmerich reports 3Q loss on Venezuelan takeover
(AP)
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AP - Oil and gas drilling company Helmerich & Payne Inc. said Thursday it lost $36.7 million in its fiscal third quarter as it wrote off assets that the Venezuelan government took over. Read more...
7/29/10,
Texas proposes new rules for shale gas drilling
(AP)
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AP - Texas environmental regulators have formally proposed beefing up regulations on oil and gas drilling, in an attempt to reduce air pollution caused when companies use new technology to extract natural gas trapped in deep shales. Read more...
AFP - A Japanese shipping company maintained Thursday that one of its oil tankers was likely attacked in the Strait of Hormuz a day earlier, dismissing reports it might have been hit by a freak wave.
