Randall Luthi

Randall Luthi News

  • Oil-Lease Minimum Price Doubled by U.S. in Gulf Plan

    The U.S. will more than double the minimum bid on oil leases in the western Gulf of Mexico to take advantage of pent-up demand as the administration seeks to reduce the federal budget deficit.

  • Lifting of Deep-Water Drilling Ban Fails to Win Praise for Obama

    The Obama administration’s decision yesterday to lift its ban on deep-water drilling ahead of schedule satisfied neither energy companies nor critics of offshore oil and natural-gas exploration.

  • BP Lacked ‘Discipline’ Before Rig Blast, Panel Says

    Decisions made by BP Plc and its contractors before the explosion on the Deepwater Horizon drilling rig suggest that risks were ignored and a “lack of operating discipline” contributed to the disaster, according to an interim report from a technical panel.

  • Offshore Drillers Must Improve Safety, Salazar Says

    Oil and natural-gas drillers in U.S. waters must improve emergency systems and estimate a worst- case spill if safeguards fail, under rules issued today in response to BP Plc ’s Gulf of Mexico spill.

  • Noble Energy Wins First U.S. Deep-Water Oil-Drilling Permit

    Noble Energy Inc. won the first U.S. deep-water drilling permit in the Gulf of Mexico since BP Plc ’s oil spill 10 months ago, and regulators said they expect to approve more applications.

  • Oil Execs' Celebration Ends; Now Comes the Grilling

    Four weeks ago, oil company executives were celebrating an Obama administration decision to expand drilling off the U.S. East Coast. Now, after a rig exploded and sank in the Gulf of Mexico, they face a grilling in Congress and tougher rules on how they do business.     Representative Edward Markey, a Massachusetts Democrat, on Thursday told chief executives from five companies that they will be called to appear before his committee on Energy Independence and Global Warming. The companies include BP Plc, which leased the rig to drill the well that is now leaking 5,000 barrels a day into the waters off the coast of Louisiana.

  • Drilling-Ban Job Losses Smaller Than Estimated, Obama Administration Says

    President Barack Obama ’s moratorium on deep-water drilling is costing no more than 8,000 to 12,000 jobs because offshore rig operators have retained skilled workers, according to an administration report.

  • ‘Carbon Copy’ Spill Plans Need Overhaul, Industry Says

    Offshore oil drillers should upgrade the disaster-response plans that lawmakers have described as “carbon copy,” according to two industry task forces probing BP Plc ’s Gulf of Mexico spill.

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