OPEC opts to hold oil production quota levels steady
Ministers of the Organization of the Petroleum Exporting Countries decided June 11 to maintain current oil production quota levels at 25.4 million b/d, but said they will hold another extraordinary meeting on July 31 to reassess the situation.
Organized 'sabotage' undermines Iraq's crude oil deliveries
Even as oil tankers are preparing to lift the first exports of Iraqi crude since the outbreak of the US-led war in March, organized sabotage continues to undermine efforts to restore the country's oil and gas production to prewar levels.
API largely endorses pending EPA low sulfur diesel plan
Industry generally endorses a pending US Environmental Protection Agency proposal that will reduce most nonroad diesel sulfur levels to 15 ppm by mid-2010, the American Petroleum Institute said June 12.
US Senate passes ethanol fuel additive mandate
The US Senate June 5 voted 67-29 to include a "renewable fuels standard (RFS)" in a pending comprehensive energy bill, S. 14.
US Senate resumes energy debate in July
The Senate will resume consideration of a comprehensive energy bill immediately after its July 4 recess, Senate Republican leaders said.
Watching Government - Gas crisis
In 2001, the US government declared an energy crisis. Two years later, policymakers are more specific: Now there is a natural gas crisis.
Point of View - NCE's Yonel: 'free market' corporate culture a success
North Coast Energy Inc. (NCE), Twinsburg, Ohio, which ranked third on OGJ's list of the fastest-growing independent oil and gas producers in 2002, started this year by setting up interlocking boards of supervisors and workers that give all of its 155 employees a say in determining corporate policy.
Company News - Amerada Hess shedding properties to cut costs
Amerada Hess Corp. said it will sell 26 oil and natural gas fields to Ana- darko Petroleum Corp., reported it will exchange some assets with Calgary-based EnCana Corp., and plans to cut exploration and production jobs by 30%.
Personnel Moves and Promotions
ChevronTexaco Corp. names executive of new unit