International news for oil and gas professionals
Hot topics come and go rapidly in the energy industry. Development of shale gas and the safety of overland pipelines hold sway currently, with a variety of technological, political, safety, and market-related forces guiding this focus.
How does carbon dioxide, a compound essential to life, come to be treated as a dangerous pollutant?
Operators were returning to Gulf of Mexico oil and gas platforms and rigs to restore operations following Hurricane Isaac, the US Bureau of Safety and Environmental Enforcement reported.
DOE said on the loan, which differs from a release, was provided on Aug. 31 under short-term contractual agreements in which MAP would return a similar quantity of crude to the SPR, plus premium barrels similar to interest, within 3 months.
The US Bureau of Safety and Environmental Enforcement approved certain limited activities in nonoil-bearing zones by Shell Offshore Co. in the Chukchi Sea offshore Alaska.
Preventing construction of the Keystone XL pipeline would not keep Alberta oil sands activity from growing, the president of the Canadian Energy Research Institute said.
BHP Billiton reported strong rates of return in the Eagle Ford shale in South Texas where the Australian firm is aggressively pursuing development, Chief Executive Officer J. Michael Yeager told the Barclays Capital CEO Energy & Power Conference in New York on Sept. 4.
The energy planks in the two major US political parties' 2012 national election platforms offered no surprises.
China's ability to process large volumes of heavy crude oil from Canada's oil sands is limited. Xingyi Wang, vice-president of China National Petroleum Corp. America Ltd., made this remark July 25 while addressing China's plans regarding heavy oil at the Oil Sands & Heavy Oil Technologies conference in Calgary.
Methanex Corp., Vancouver, BC, said it has a primary goal to progressively increase methanol production in Chile with natural gas from suppliers in southern Chile as its Argentina gas supply declines.
Midyear 2012 reserves for Costayaco field in the Putumayo basin of Colombia are up sharply since the end of 2011, said Gran Tierra Energy Inc., Calgary.
Corridor Resources Inc., Halifax, NS, provided further details of its 2012 program with Petrolia Inc., Rimouski, Que., to assess the potential of the Macasty shale on Anticosti Island in the Gulf of St. Lawrence offshore Quebec.
East West Petroleum Corp., Vancouver, BC, and Lani LLC, private Ventura, Calif., concern, will launch a joint exploratory program in the San Joaquin basin in California.
Rex Energy Corp., State College, Pa., said its enhanced oil recovery operations in giant Lawrence field in southern Illinois have the potential to double the field's output by the end of 2015.
QEP Resources Inc., Denver, said its QEP Energy unit signed definitive agreements to acquire from multiple sellers Williston basin development properties for $1.38 billion.
The document announcing new fuel-economy standards for US cars and light trucks contains a quiet observation that shrieks about problems of renewable-fuel mandates.
