June 2011
Intermediate to advanced
236 pages
6h 25m
English
Content preview from Investing in Energy: A Primer on the Economics of the Energy IndustryBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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Regulatory Environment
Spurred by the disastrous BP oil spill, many countries implemented deepwater drilling regulatory reviews. The explosion resulted in a six-month oil drilling moratorium in the U.S. portion of the Gulf of Mexico and lasting implications for the industry. What will be the ultimate effects?
Regulation has become one of the single biggest risks to the oil and gas industry. Certainly the U.S. oilfield service sector was adversely impacted as (according to U.S. government estimates) 35 drill rigs and thousands of workers were idled in the U.S. Gulf of Mexico. A small number of drill rigs left the Gulf of Mexico for the west coast of Africa and the South Atlantic. While many drill rig operators chose to stay and wait out the moratorium, ...
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