Oil giant BP is suing the US government for blocking the company from bidding on and securing new federal contracts. The suspension came as BP was in the midst of negotiating an agreement with the EPA for its involvement in the Deepwater Horizon spill.
Al Qaeda threat has closed down US embassies in the Middle East this week. Details of the Al Qaeda threat made little reference to the energy sector, but past attacks in the region suggests oil is an emerging target for terrorists.
The explosion and fire at a natural gas rig off the Louisiana coast raise new questions about the role of blowout preventers and overall safety of drilling operations in the Gulf.
Hydropower accounts for more electricity production than solar, wind, and geothermal combined, but gets far less press because it is a mature technology with a much lower annual growth rate than most renewables. Still, hydropower will likely continue its leading role as the world’s most important producer of renewable electricity until well into the next decade.
New drilling technologies have contributed to exponential production gains for onshore oil and natural gas in the United States. The Gulf of Mexico is still giving up substantial amounts of oil, but some companies seem to be betting the biggest bonanza will be onshore.