Recent News & Issues

• Caribbean Leaders Betting on Renewable Energy
  
• Legendary Texas Oilman Bets on Wind Power
  
• Will ‘OIL VACUUM’ Technology Solve US Energy Deficit Problems?
  
• Dominican Republic President – LatAm Countries Cannot Pay Oil Bills
  
• Turn Your Gar into a Hybrid That Runs On Water
  

• Cash Flow Surge Outpaces Capital Spending, Prompts Dividend Hikes
  
• Wednesday's Alberta Auction Draws $63.12 million
  
• Exit Strategy Or Merger Opportunity Available
  
• EnCana Profit Down In Q2, Cash Flow Up 13%
  
• Global Energy Announces Production Optimization Solution
  
• Husky's Second Quarter Profit Soars 89% To $1.36 Billion
  
• Norwegians Eye Oil Windfall To Ease Economic Pinch
  
• Halliburton Lunch And Learn Session Aug. 6
  
• Pearl Updates Plans, Reports Drop In Production
  
• AltaGas Equipment For Sale
  
• Row At TNK-BP Could Hit Russia 2009 Oil Output
  
• Russia's TNK-BP In Surprise Venezuelan Deal
  
• Connacher Reports Significant Increases In Reserve Volumes And Values
  
• DOB Classifieds
  
• Drilling Underway On Petrostar's First Bakken Well
  

• Dragon Oil production up 37%
  
• Oil falls $3
  
• Saudi Electricity profit dips 4% in Q2
  
• UAE to cut oil output in October
  
• Oil price rises from six week low
  

In the United States, Marine Biologist Milton Love has proposed that oil platforms off the California coast be retained as artificial reefs, instead of being dismantled (at great cost), because he has found them to be havens for many of the species of fish which are otherwise declining in the region, in the course of 11 years of research. Love is funded mainly by government agencies, but also in small part by the California Artificial Reef Enhancement Program. NOAA has said it is considering this course of action, but wants money to study the effects of the rigs in detail. Signal Oil and Gas

In British waters, the cost of removing all platform rig structures entirely was estimated in 1995 at $345 billion, and the cost of removing all structures including pipelines — a so-called "clean sea" approach — at $621 billion. Further effects are the leaching of heavy metals that accumulate in buoyancy tanks into water; and risks associated with their disposal. There has been concern expressed at the practice of partially demolishing offshore rigs to the point that ships can traverse across their site; there have been instances of fishery vessels snagging nets on the remaining structures. Proposals for the disposal at sea of the Brent Spar, a 449 ft tall storage buoy (another true function of that which is termed an oil rig), was for a time in 1996 an environmental cause célèbre in the UK after Greenpeace occupied the floating structure. The event led to a reconsideration of disposal policy in the UK and Europe. Signal Oil and Gas