Increased OPEC output erodes spare capacity Efforts by the Organization of Petroleum Exporting Countries to satisfy world demand for crude this summer had the "unintended consequence" of reducing its spare production capacity, analysts said.
Oil & Gas Journal, in its annual Midyear Forecast special report, which begins on p. 18, is calling for a small increase in the consumption of natural gas in the US this year.
The second-worst part of the lingering controversy over US Vice-Pres. Dick Cheney's Energy Task Force is the suspicion it casts over involvement of energy experts in the making of energy policy.
Nearly half of the energy industry executives polled at the recent North American Energy & Power Conference in Boston said China's growing demand for energy is the primary stimulus of the recent rise in oil prices and the biggest issue now facing the energy industry.
Petroleo Brasileiro SA (Petrobras), Brazil's state-owned oil company, and China Petroleum & Chemical Corp. (Sinopec), have inked a strategic cooperation agreement centered around partnerships in oil exploration...
The growing Asian economy, led by China, offers major market opportunities for petrochemical producers, said Andrew Swanson, vice-president, petrochemicals, for Nexant Inc., San Francisco, at a Canadian Energy Research Institute (CERI) conference June 7 near Calgary.
The US oil and gas industry has tremendous financial strength, but it is "opportunity constrained" because legacy assets that sustained companies for decades are very mature, said Marathon Oil Corp. CEO and Pres. Clarence P. Cazalot Jr.
In a move that could indirectly impact a number of companies, two US-based pension funds filed suit in late June against 27 directors and officers of the Royal Dutch/Shell Group and their accounting and audit firms PricewaterhouseCoopers International and KPMG International.
The US Environmental Protection Agency last month quietly published a final report that evaluates the impact of hydraulic fracturing on underground drinking water sources.
Booming economies in the US and elsewhere will bolster energy demand this year, but the extent to which high energy costs will limit economic growth or to which increased energy conservation will ensue is as yet unknown.
Zion Oil & Gas, an exploration company with offices in Dallas and Israel, is exploring on its 95,800-acre Ma'anit-Joseph License in north-central Israel.
Duke Energy Gas Transmission Corp. (DEGT) started up the first commercial application of the Morphysorb process at its Kwoen plant (Fig. 1) near Chetwynd, BC, in August 2002.
Nelson-Farrar indexes for finished steels changed randomly during the period 2000-03. Generally speaking, the alloy steels changed less than carbon steel products.
