Energy Management Data News

The Chief Executive of offshore oil and gas driller Fieldwood Energy LLC, Matt McCarroll, says he is not scared of the hurricanes, geological risks and costs that keep some oil companies out of the Gulf of Mexico. Instead, he is doubling down. The private equity-backed company - already the largest operator on the U.S. outer continental shelf - announced on Thursday it is closing a $480 million acquisition of Noble Energy’s assets in the Gulf of Mexico that will add 25,000 barrels per day (bpd) to its current net production of 72,000 bpd of oil equivalent.

Solomon Associates has  announced it has been working in collaboration with the refining industry and state officials in Washington to assist in establishing a regulatory framework designed to help control greenhouse gas emissions from Washington’s five petroleum refineries. The Washington Department of Ecology has begun the process of controlling greenhouse gas emissions by adopting a new rule under RCW 70.94.154. The rule requires all Washington stationary sources to have reasonably available control technology (RACT). Refineries are being presented with two options to meet the requirement. The first compliance option requires refineries to use Solomon’s Energy Intensity Index® (EII®) to benchmark their energy efficiency against other similar-sized refineries in the nation.