A recent International Energy Agency forecast of Russia's crude oil production is "unjustifiably optimistic," argued a report from Energy Security Analysis Inc. (ESAI), Boston.
While there's plenty to regret in Russia's expropriation of core OAO Yukos assets, the supposed threat to security of US oil supply deserves far less worry than it receives.
For those who suspect that crude prices were unusually volatile in 2004, Paul Horsnell of Barclays Capital Inc., London, has a simple explanation: they were.
Long-term changes are under way in global energy market that will affect all Americans and the US energy industry of the future, said Rex W. Tillerson, president of ExxonMobil Corp.
A surprise bidder calling itself Baikal Finance Group (BFG) bought nearly 77% of the Yuganskneftegas unit of OAO Yukos for $9.37 billion at an auction Dec. 19, prompting some analysts to suggest Baikal is linked to state-owned Gazprom.
Damage from an accidental or intentional breach of an LNG carrier would extend as far as 1,600 m from the damaged ship for a large spill but pose little threat beyond that, says a new federal study.
Although commercial maturity and significant market penetration remain decades away, hydrogen and fuel-cell technologies represent high-potential options for a secure energy future with diminished emissions of carbon dioxide.
With the perspective of a geophysicist who has worked as both an operator and service provider, Steven Tobias sees a troubling "disconnect" in the upstream oil and gas business.
Joint Operations, Saudi Arabian Texaco-Kuwait Oil Co., used geosteering to drill two wells in the South Umm Gudair (SUG) field for the first time in 2004.
A study of idle oil and gas structures in the Gulf of Mexico has found that at yearend 2003, the gulf had 2,175 active structures, 1,227 idle structures, and 505 auxiliary structures.
The gravities of crude oils processed in US refineries have slowed from a previously rapid decline in quality to a decrease of 0.10° API/year during 1994-2003.
Construction is under way on the second part of the 1,000-km (621-mile) Sino-Kazakhstan crude oil pipeline (Atasu, Kazakhstan, to Alataw Shankou, China).
