PIRINC: Additions to SPR not driving up oil prices
A bipartisan political decision to fill the US Strategic Petroleum Reserve (SPR) through the US Minerals Management Service's royalty-in-kind (RIK) program to take oil, rather than cash, in payment for royalties on offshore leases is not the cause of the run-up of world oil prices this year, said officials of the New York-based Petroleum Industry Research Foundation Inc. (PIRINC).
Oil firms, NGOs jointly develop biodiversity guidelines
Four major international oil companies joined with five conservation-oriented nongovernmental organizations (NGOs) to form the Energy & Biodiversity Initiative (EBI), a collaborative group that has developed industry guidelines for integrating biodiversity conservation into all upstream oil and gas operations from initial site selection through final decommissioning.
Jamaica seeks legal counsel over LNG price dispute
Jamaica has sought a legal opinion from the Caribbean Community (Caricom) Secretariat on whether Trinidad and Tobago is legally bound under terms of the Caribbean Single Market and Economy (CSME) to provide Jamaica with concessionary prices for LNG, as Jamaica insists.
Iraqi oil exports hampered by pipeline saboteurs
US efforts to restore Iraq's oil exports suffered a serious setback Aug. 17 when saboteurs blew up a section of the Kirkuk-Ceyhan pipeline for the second time in as many days.
Energy bill, blackout inquiry to top DC September agenda
Responding to the US's biggest power failure ever, lawmakers and the White House said the country must update its energy policy sooner rather than later.
Watching Government: Beyond blackouts
A blame game based around the Aug. 14 blackout that crippled the US Northeast and parts of eastern Canada could delay—but probably not derail—the passing of an energy bill by this fall.