US oil firms' 4Q earnings rise, 2002 results slip; service companies suffer throughout
US and Canadian oil and natural gas firms posted strong results for the fourth quarter, while service and supply companies' earnings were mostly lower.
Study sees mixed rules for oil in storage worldwide
A study of strategic oil stocks in some 50 countries shows a variety of arrangements under the general guidelines of the European Union and the Paris-based International Energy Agency that would determine when and how those supplies would be released in an emergency, Energy Market Consultants Ltd. (EMC), London, reported.
IEA: Oil markets heading into period of heightened uncertainty
The oil market is heading into a period of heightened uncertainty with low stocks and limited spare production capacity, the International Energy Agency warned in its latest Oil Market Report. These factors reduce flexibility and limit the system's ability to respond rapidly to changing circumstances.
Investment needed to unlock Iraq's oil, gas potential
Iraq's massive oil and gas reserve potential ultimately could reach 330 billion bbl of oil and 324 tscf of gas, said UK-based investment analysts Bayphase Ltd. in a recent report.
Lawmakers urged to focus on RFG fixes this spring
If Congress does not act quickly to reform federal clean fuel programs, uncoordinated state bans on the clean fuel additive methyl tertiary butyl ether may exacerbate gasoline shortages this year, the American Petroleum Institute warned a House subcommittee.
White House reviewing EPA nonroad, low-sulfur diesel plan
The US Environmental Protection Agency Mar. 11 sent to the White House for its review an industry-supported nonroad low-sulfur diesel plan.
Hitting the road
With the US summer driving season almost here, fuel suppliers are pressing to get their voices heard as policymakers retool clean-air programs that focus on highway construction.
Point of View: Chesapeake's McClendon: Leveraging volatility key to unlocking long-lived reserves value
The management of Chesapeake Energy Corp., Oklahoma City, has no hesitation playing the contrarian among US natural gas producers, which has resulted in Chesapeake's reputation as an aggressive and dynamic hedger of gas during price swings.
Stronger oil, gas prices fuel Canadian 4Q earnings
A sample of oil and gas firms based in Canada shows that strong commodity prices substantially increased fourth quarter 2002 revenues and earnings.