Deepwater hotspots, offshore gas transport advances top OTC agenda
Advances in offshore technology used for oil and natural gas exploration, development, and production—especially in the deepwater arenas of the world—abounded at the 35th annual Offshore Technology Conference in Houston earlier this month.
Douglas-Westwood: Expenditures for FPSs to rise through 2007
Oil and natural gas companies' capital expenditures (capex) on floating production systems (FPSs) is expected to reach $32 billion over the next 5 years compared with the $17 billion spent over the last half decade.
New approaches hold promise for overcoming drilling barriers
Presentations at the 2003 Offshore Technology Conference in Houston stressed the need for offshore drillers to move away from conventional overbalanced drilling to drilling with tools normally associated with underbalanced drilling.
US Senate starts energy bill floor debate
The US Senate may pass comprehensive energy legislation as early as late May, Republican lawmakers said May 7 on the eve of floor debate in the chamber.
With the Senate now debating sweeping energy legislation (see related story, p. 26), some US lawmakers say a key policy goal should be to encourage oil and gas development outside the volatile Middle East.
US tabs Iraqi oil leadership; UN dispute lingers
The UN Security Council looms large in any plans for the development of Iraq's petroleum industry and the sale of its oil, despite the appointment by the US of three executives to run that industry for the immediate future.
Energy is key area for worldwide 'sustainable development'
Energy deserves its place as a "key area" when discussing global "sustainable development," said Amy Myers Jaffe, a consultant with the James A. Baker III Institute for Public Policy and associate director for the Rice University energy program, Environmental and Energy Systems Institute.
Shell reaffirms commitment to 'sustainable development'
Royal Dutch/Shell Group, the world's second-biggest publicly traded oil company, has reaffirmed its commitment to "sustainable development," with a special focus on combatting global climate change it says is related to consumption of fossil fuels.
Indicators to evaluate environmental, social, and economic sustainability: a proposal for the Brazilian oil industry
Terms such as sustainable development, sustainable growth, and sustainable consumption are today used to present a new view of economic and social progress that is more encompassing and appropriate for humanity.