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Three U.S. Oil Fields Now Producing One Million Barrels a Day

12 HOURS AGO  |  Chris Guy

According to the Energy Information Agency, “North Dakota's Bakken and Texas' Permian Basin and Eagle Ford Shale are quietly generating more than a mi...

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Deepwater Horizon Report Raises Further Obstacles to New Alaska Oil Drilling

The presidential commission’s report into the Deepwater Horizon disaster, published Tuesday, seems likely to raise further obstacles to oil companies keen to drill new wells offshore Alaska.

The report, which blamed specific mistakes by BP, Halliburton and Transocean as well as wider industry failings for the oil spill, said drilling can continue in the Gulf of Mexico with improved oversight, but questioned whether anyone would be capable of dealing with a similar accident if it occurred off the coast of Alaska.

Source: Wall Street Journal

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