Long-term market impacts of Chávez return uncertain
After a tumultuous weekend in which he briefly lost control of the country, Venezuelan President Hugo Chávez is back in power. But while the political firestorm may appear to be abating, the long-term implications of the failed coup for industry remain unclear, according to Wall Street analysts, US government officials, and academics.
Senate Democrats targeting ANWR amendment failure
Sens. Frank Murkowski (R-Alas.), Ted Stevens (R-Alas.), and John Breaux (D-La.) have introduced a long-anticipated amendment to a pending Senate energy bill Apr. 16 that would allow leasing on the coastal plain of the Arctic National Wildlife Refuge in Alaska.
Watching Government: Beyond ANWR
There's more to US energy policy than drilling in Alaska or expanding fuel ethanol production. But both topics have largely overshadowed the public's interest in other industry issues as the US Congress considers the most sweeping energy reform bill in a decade.
North American conventional gas supply shortfall seen
Conventional natural gas supplies will not be enough to meet the North American market's demand for gas over the next decade. In the coming years, demand will have to be met through all industry players working together to expand North America's gas network as well as exploring for gas in various frontier areas of the US and Canada.
E-procurement still evolving for E&P industry
Electronic procurement (e-procurement) will continue to play a leading role in gaining cost efficiencies and saving time within the oil and gas industry's exploration and production sector.
Unocal cuts price of sales gas to Thailand's PTT
Yielding to prolonged political pressure, Unocal Corp. has agreed to cut the price of natural gas it sells to PTT PLC, the partially privatized Thai energy firm.