Editorial - A push for tort reform
Sen. John Kerry (D-Mass.) has nudged the oil and gas industry, along with the rest of American business, toward a showdown over a problem that hurts commerce, burdens individuals, and undermines politics.
US EPA reopens comment for NSR changes
Responding to pending legal challenges, the US Environmental Protection Agency said June 30 it will reconsider recent changes it wanted to make to a clean-air permit program for refineries, power plants, and other industrial operators.
US House bill leaves oil, gas research funding intact
The US House of Representatives June 17 passed, by a 334-86 vote, a spending bill that largely keeps federal oil and natural gas research funding intact for the upcoming fiscal year starting Oct. 1.
Watching Government - Taxing summer
A pending corporate tax bill may be as good as it gets this year for industry lobbyists still looking for energy legislation to come from a sharply divided Congress.
Iran to modify oil laws, encourage foreign investment
Iran's Majlis (parliament) is changing its laws in order to entice foreign firms to participate more in its oil and gas development projects.
Company News - Atmos Energy to acquire TXU Gas for $1.9 billion
Atmos Energy Corp. agreed to acquire its Dallas counterpart TXU Gas Co., a wholly owned subsidiary of TXU Corp., for $1.925 billion to create a natural gas distribution company having 3.1 million customers in 12 states.
PIRA: Energy firms expected to post strong 2Q earnings
Oil and gas companies are expected to post much stronger net income in the second quarter compared with overall industry consensus, according to PIRA Energy Equity Research (PEER), a division of New York-based consulting firm PIRA Energy Group.
WoodMac: OPEC's efforts carry 'unintended consequence'
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 June 30.
Imbalances among oil demand, reserves, alternatives define energy dilemma today
A sizzling world economy is expected to grow 2.7% in 2004, the second-highest rate since 1990.