Investors can minimize risk in upstream oil, gas projects
Investors should know what they are getting into before they spend millions on oil and gas projects, but as we have seen in recent months, there are too many instances in which investor due diligence has been inadequate.
Worldwide gas, LNG demand poised to surpass oil
With global demand growing faster for natural gas than for oil, trade in LNG might quintuple in size during the next 3 decades.
Subsea oil, gas processing to play large part offshore
Processing offshore oil and natural gas production below the waterline will account for a growing share of a total subsea market destined to grow steadily through 2007.
Environmentalists and lawmakers criticized the White House for staying on the sidelines when multilateral bankers approved public financing for a portion of Peru's $1.6 billion Camisea project.
MMS to extend comment period for oil valuation proposal
The US Minerals Management Service Sept. 15 said it will extend the comment period on its proposal to amend controversial oil valuation rules.
DOE's OFE, NARUC launch LNG public awareness campaign
The US Department of Energy's Office of Fossil Energy (OFE) and the National Association of Regulatory Utility Commissioners (NARUC) recently launched a new LNG education campaign to dispel what energy regulators say are popular misconceptions about the fuel.
Negotiations continue on sweeping US energy reform bill
US congressional negotiators continued discussions last week on a pending comprehensive energy bill with Republican leaders pledging to wrap up talks within 2 weeks.
Point of View - Devon Energy puts early focus on long-term strategy
Devon Energy Corp., Oklahoma City, has grown through a series of mergers to become the largest US independent oil and natural gas company, with 650,000 boe/d of oil and gas production and an enterprise value of $20 billion.
Company News: Statoil faces corruption charges for Iraq dealings
The Statoil ASA board criticized Statoil Pres. and CEO Olaj Fjell for a $115 million business development contract with Iranian firm Horton Investment, but the board also said Fjell remains the "person best suited to take Statoil forward."
Personnel Moves & Promotions: ConocoPhillips Gas & Power names new president
ConocoPhillips has appointed Chris Conway as president of ConocoPhillips Gas & Power.