Editorial - Questions about Russia
Recent dramatics in Russia provide a useful reminder that, after a dozen years of economic and political liberalization, the land of the czars is still no Switzerland.
Why higher oil prices are inevitable this year, rest of decade
The stubborn refusal of oil prices to drop in recent months has amplified doubts regarding the adequacy of near-term oil supplies and the long-term outlook for crude oil prices.
Analyst: High oil prices spur need for energy diversity
In the face of rising oil prices, it is "essential" for national governments to develop more-diverse energy resources, said the managing director of a prominent British consulting firm.
ConocoPhillips reportedly eyeing Kremlin's Lukoil stake
ConocoPhillips is thought to be close to signing a major agreement to acquire Russia's 7.59% stake in OAO Lukoil—that country's second largest oil and natural gas company—for $1.7 billion, according to several news reports last week.
MMS looks to expand RIK program in selected markets
The US Department of the Interior's Minerals Management Service July 12 released a 5 year royalty management plan that expands federal royalty-in-kind (RIK) programs but does not replace traditional cash royalty collection.
OPIC refutes PDVSA complaints over INTESA claim
The Overseas Private Investment Corp (OPIC) July 23 disputed charges by Venezuela's state-owned oil company Petróleos de Venezuela SA (PDVSA) that the US agency's decision to pay out a $6 million risk insurance claim to information technology contractor Science Applications International Corp. (SAIC) was politically motivated.
Watching Government - Energy referendum
Bolivian President Carlos Mesa faces the daunting task of keeping both voters and investors happy following a referendum meant to ensure a large government role in the country's growing energy sector.