Editorial: Energy-policy hazards
Two hazards of energy policy-making fell victim to common sense last week in the US Senate. A plan to toughen corporate average fuel economy (CAFE) standards for US vehicles stalled. And an effort to double a proposed mandate for renewable energy in utility power generation failed.
State oil company Petrotrin pushing foreign investment in bid to resuscitate Trinidad & Tobago petroleum sector
Count Petroleum Co. of Trinidad & Tobago Ltd. (Petrotrin) as the latest to join the ranks of Western Hemisphere state oil companies seeking to emulate their counterparts in the private sector.
Senate debate in April to focus on ANWR, ethanol
A controversial proposal to lease the coastal plain of the Arctic National Wildlife Refuge in Alaska will likely be debated in early April as the Senate moves to a fourth week of debate on a comprehensive energy bill.
Watching Government: Petroleum stimulus
President George W. Bush signed an economic stimulus package earlier this month designed to jump-start business investment that also gives the oil industry some targeted tax relief.
RAND: Rockies oil, gas supply scenarios not viable
Current oil and gas supply scenarios for the US Rocky Mountain region are "too narrow," because they focus mainly on availability of resources on federal lands.
Volatility likely after AGA, EIA swap on storage data
US natural gas markets may suffer some short-term uncertainty and volatility after the American Gas Association relinquishes to the Energy Information Administration its duties of compiling and publishing weekly natural gas storage data in May. However, in the long term, the transfer will be a positive development, according to a report released earlier this month by Simmons & Co. International, Houston.
World LPG trade showing signs of slow recovery
The world's LPG trade is slowly but steadily recovering from being hit by the global economic recession in general and by the US recession in particular as well as by warm weather patterns in its large North American markets. The results have been slumping prices and burgeoning storage volumes.
New steel tariff could trigger like action on OCTG
The 30% tariff that President George W. Bush recently imposed on imports of many types of steel definitely will raise costs for US manufacturers of oil country tubular goods and could trigger similar action against US imports of finished OCTG products, say analysts and pipe manufacturers.
Sulfur limits, oxygenates top NPRA conference agenda
The timing of new regulations governing sulfur limits and oxygenate preferences in motor fuels topped the agenda at the start of the 100th annual meeting of the National Petrochemical & Refiners Association in San Antonio Mar. 17.
Another supply deal underpins NW Shelf expansion
Osaka Gas Co. Ltd. has finalized an agreement to purchase 1 million tonnes/year of LNG from the Australian North West Shelf venture expansion, said project operator Woodside Energy Ltd. This agreement covers a 30-year supply beginning in 2004.