Point of View: Alaska freshman senator champion of oil, gas work
Alaska's new freshman US senator, Republican Lisa Murkowski, has a familiar face and name within the oil and gas community; she was a leader in the state's House of Representatives and championed efforts to expand leasing to the Arctic National Wildlife Refuge coastal plain and to build a natural gas pipeline to the Lower 48.
Producers may face less bureaucratic hurdles under a new US Bureau of Land Management program that government officials say will speed up the oil and gas permit approval process for resource-rich public lands.
MMS considers changes to natural gas royalty rule
The Department of the Interior's Minerals Management Service may change its natural gas royalty rule but first wants to hold four public workshops this spring.
California asks DOI to end royalty cuts for stripper, heavy oil wells
A top California state official last week called on the Department of the Interior to terminate its royalty rate-reduction program for stripper and heavy oil properties.
Role of oil revenue for reconstruction remains unresolved
The United Nations and the US are expected to continue negotiating over the next few weeks possible updates to the UN's Iraq oil-for-aid humanitarian program, industry and diplomatic sources said Apr. 23.
Polish firms eyeing favored role in rebuilding Iraqi oil sector
Poland, a staunch supporter of the US-led war in Iraq, anticipates that US businesses will give its firms preferential treatment in picking partners to help rebuild the Middle East state, especially its oil sector, according to government and industry sources.
FTC: Unocal duped California regulators over RFG patent
The Federal Trade Commission approved the filing of an administrative complaint against Unocal Corp. for allegedly committing fraud concerning the California Air Resources Board's efforts to develop its own RFG standards.
US gasoline price relief to be 'limited' this summer, EIA says
US retail gasoline prices are expected to average $1.56/gal during April-September, according to the latest short-term energy outlook released earlier this month by the Energy Information Administration.
Company News: Russia's Yukos and Sibneft agree to merge
Two major transactions are furtherchanging the landscape of the Russian oil and natural gas sector.
NRC report finds pros, cons to Alaska oil development
Industry has made enormous technical improvements to reduce the environmental impact of oil exploration in Alaska's North Slope, the National Academies' National Research Council said last month in a congressionally mandated report.