OGJ Editorial: War and the oil market
War in the Middle East and economic paralysis in Venezuela give the oil market reason to worry-but not panic. Embargo threats by outraged exporters should be less troubling.
Asia-Pacific oil dependence, imports to grow
Crude oil production in the Asia-Pacific region has been flat since the mid-1990s. Despite many uncertainties, the region is more likely to see its long-term production decline rather than increase during the next 10 years.
EIA sees developing nations as key to energy demand jump
World energy consumption is projected to increase by 60% over the next 2 decades, according to an annual report released last month by the US Energy Information Administration that predicts long-term trends in international energy markets.
Market volatility heats up US energy policy debate
White House officials and pro-industry lawmakers hope ongoing events in the Middle east and Venezuela will help build interest in a US energy policy agenda that encourages domestic drilling, including leasing a portion of the Arctic National Wildlife Refuge in Alaska.
Watching Government: Borderless communication
On May 1-3, the US Department of Energy and the state of Michigan will host a meeting of G8 energy ministers in Detroit.
Election year politics could solidify support for ethanol, ANWR
Mindful of how politically volatile rising gasoline prices can be in this election year, Congress and the White House are taking preemptive steps to assure voters they have the situation under control.
Company News: Pioneer to acquire deepwater gulf, W. Texas field stakes
Pioneer Natural Resources Co., Dallas, reported that it will spend $193 million to acquire working interests in natural gas properties in the Gulf of Mexico and West Texas.
PERSONNEL MOVES AND PROMOTIONS: Bill Barrett forms new Rockies-focused E&P firm
Barrett is former chairman and CEO of Barrett Resources Corp., Denver, that Williams Cos. Inc., Tulsa, acquired last year for $2.8 billion in a move that more than doubled Williams's natural gas reserves (OGJ Online, May 7, 2001).