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Editorial - Oil-for-Food questions
Investigation of Iraqi oil sales permitted for humanitarian reasons during a long period of trade sanctions shouldn't stop with the kickbacks and favoritism recently coming to light.
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Sustainable supply from Saudi Arabia, Iraq: Oil reserves or politics?
The availability of future oil supplies from Saudi Arabia and Iraq is a major concern globally and particularly for the main oil-consuming regions of the world.
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Study: World oil forecast beset with reserves shortfalls
The world is facing a future of steep oil price increases that will occur sooner than many people now believe, concludes Canterbury, England-based energy analysts Douglas-Westwood Ltd. in the third edition (2004-50) of its World Oil Supply Report published Mar. 31.
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World offshore oil, gas production has risen 'steadily'
Total estimates of worldwide offshore oil and natural gas production have risen "steadily" over the last 10 years.
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BP troubled by France's slow-to-open gas market
BP PLC is showing impatience at the slow opening of France's natural gas market.
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BCC: World gas demand to reach 116.9 tcf in 2008
Natural gas utilization is expected to increase at an average annual growth rate (AAGR) of 2.4% to 116.91 tcf in 2008, forecast Business Communications Co. Inc. (BCC), Norwalk, Conn.
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CERI: Alberta oil sands development faces challenges
Alberta's oil sands, with remaining established reserves of 174 billion bbl of crude bitumen, is a supply powerhouse to help meet North America's oil demand.
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NPRA: Refiners face 'difficult balancing act' in 2004
The US refining industry continues to deal with many challenges that are making it difficult to produce transportation fuels at the specifications and volumes that the market demands, according to Bob Slaughter, president of the National Petrochemical & Refiners Association.
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NPRA: US refiners need sound policy for competitive edge
The US refining industry should oppose the passage of pending environmental legislation if it has questionable benefits, according to Gary R. Heminger, president of Marathon Ashland Petroleum LLC.
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SRI: Russia needs to improve oil tax, export incentives
Russia needs to establish favorable oil taxation and exportation rules as incentives for independent exploration and production companies, speakers said at the second annual Russian-US energy summit sponsored by Strategic Research Institute LP in Houston late last month.
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Watching Government: African reforms
The US should be working harder to promote transparency and accountability in African oil-producing countries, according to a new report by the nonpartisan Center for Strategic & International Studies, Washington, DC.
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Management integrity seen vital to reserves estimates
In estimating oil and gas reserves, producers need to look beyond the current fevered focus on primarily third-party engineering to "the more important aspects of internal reserves estimation processes which are management integrity, external track records of reserves performance, and public disclosures," said Jim Hackett, president and CEO of Anadarko Petroleum Corp., Houston.
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Kerr-McGee to acquire Westport in $3.4 billion deal
Oklahoma City-based Kerr-McGee Corp. Apr. 7 reported it will acquire Westport Resources Corp. of Denver in a merger valued at about $3.4 billion, which will consist of about $2.4 billion in equity and Westport's debt of $981 million at yearend 2003.
