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Iranian options most economically viable for exporting Caspian oil
The Caspian Sea region's oil potential has attracted much attention since the break-up of the Soviet Union.
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PDVSA's Rodríguez: Venezuela a reliable US oil supplier
Venezuela is a reliable US oil supplier, the head of the state-owned oil company Petroleos de Venezuela SA said in an exclusive interview with Oil & Gas Journal.
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US, Saudis step up war safety programs in kingdom
US and Saudi authorities are stepping up security measures against potential sea-borne terrorist attacks on oil facilities in the kingdom even as they prepare for a possible war with Iraq.
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White House: Industry's home security role to be voluntary
A new White House security strategy report calls on the De
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US firms see new opportunities in Libya pending settlement
US companies with languishing interests in Libya are growing increasingly optimistic that international sanctions against that country may be removed as early as this spring, with US restrictions gone by the end of the year.
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EIA expects higher US gasoline prices this spring
US motorists will see higher gasoline prices this spring, averaging about $1.70/gal during the driving season of April through September, with prices peaking at about $1.76 in April, the US Energy Information Administration said.
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ACC asks Congress to help avert US natural gas crisis
The American Chemistry Council, representing industrial users of natural gas, has called upon President George W. Bush and Congress to take steps to avert what ACC calls "a looming natural gas crisis."
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Perfect storm
The US Environmental Protection Agency this month said small oil and gas production sites get at least a 2-year reprieve from new stormwater runoff rules.
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Point of View: ONGC seeks to be global oil and gas player
India's state-owned Oil & Natural Gas Corp. (ONGC) is making a major bid at both the domestic and overseas levels to increase its oil and gas market capitalization equity and become a global player.
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US oil service investments in Mexico secured by $400 million US Ex-Im Bank loan guarantee
The Export-Import Bank of the US has approved a $400 million long-term loan guarantee in support of 95 US exporters selling up to $447 million of oil and gas field equipment and services to Petroleos Mexicanos (Pemex).
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ChevronTexaco's O'Reilly: Cooperate to improve industry reputation
David O'Reilly, chairman and CEO of ChevronTexaco Corp., challenged oil and natural gas companies to work together to improve the industry's reputation last month at the Institute of Petroleum's annual meeting in London.
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Shell's Watts: Industry needs more innovation, investment
The oil and natural gas business is far from being a "sunset industry," but innovation, investment, business transformation, as well as recruiting and retaining the right people are crucial, said Philip Watts, chairman of the Royal Dutch/Shell Group.
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Company News: BG to sell North Caspian PSA stake for $1.23 billion
BG International Ltd., a unit of UK-based BG Group, reported that it would divest itself of its interest in the North Caspian Sea production-sharing agreement project in two transactions totaling a combined $1.23 billion.
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Personnel Moves and Promotions
Royal Dutch/Shell announces leadership changes
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Editorial: Challenges and changes
The federal Energy Information Administration predicts demand for natural gas in the US will rise to nearly 35 tcf in 2025 from 22 tcf last year. Skeptics in the oil and gas industry, citing limits on supply, don't believe the market can grow as much as EIA projects in its Annual Energy Outlook 2003.
