Editorial: The capacity imperative
A drop in prices brings new attention to the necessity of buffer supply in the oil market—and to the issue of who does and who doesn't contribute to it.
Framework of policies, institutions in place to enable China to meet its soaring oil, gas demand
For China, the energy challenge is clear but formidable: It must find additional sources of energy, both domestic and foreign, to fuel its growing economy.
Point of View: Far East Energy pressing big CBM schemes in China
China, where personal incomes have quadrupled in recent years while the country's burgeoning economy has grown fivefold, currently is consuming energy at a pace surpassed only by the US (see related article, p. 20).
METI: Japan's oil use to drop; gas, nuclear to rise
Japan's reliance on oil and liquefied petroleum gas will drop, both in the near and distant future, while its reliance upon nuclear energy will continue to increase significantly, according to Japan's Ministry of Economy, Trade, and Industry (METI) in its latest energy supply-demand outlook for fiscal year 2010 and FY2030, said Tomoko Hosoe of FACTS Inc., Honolulu, who summarized METI's outlook in a recent report.
Watching Government: Land grab
Federal land management is, and always is likely to be, controversial. Just ask any Energy Bar Association member.
BLM gives nod for ConocoPhillips's Alpine satellites plan
A ConocoPhillips plan to expand its western North Slope Alpine field satellites development in Alaska moved forward following a decision Aug. 31 by the US Department of the Interior's Bureau of Land Management.
US DOE, IEA heads hold Paris meetings
US Sec. of Energy Spencer Abraham met Aug. 24 separately with French Industry Minister Patrick Devedjian and International Energy Agency Executive Director Claude Mandil in Paris.
Yukos to cut capital expenditures, oil production
OAO Yukos announced "stringent cash conservation measures" Aug. 23, including cutting capital expenditures and trimming its 2004 oil production target from 90 million tonnes to 86 million tonnes, the company said.
China reportedly to guarantee rail payments for oil from Yukos
Russian Railways claims that China has offered to guarantee payments for railroad deliveries of crude from OAO Yukos, but Chinese government officials have yet to confirm that.
A snapshot of China's national oil companies
PetroChina - Average production 2.1 million b/d of oil, 1.9 bcfd of gas.