Deloitte & Touche LLP has urged regulators worldwide to update their oil and gas reserves reporting requirements and to expand the scope of mandatory disclosures in annual reports and financial statements.
Huge capital investments will be required by the industry if LNG imports and Arctic gas are to fill a projected US natural gas supply shortfall, according to a senior analyst for BP North America Gas & Power.
High commodity prices continued to buoy earnings for US and Canadian oil and gas firms in the fourth quarter of 2004 as strong downstream performance bolstered results of integrated companies and independent refiners.
Corporate-governance requirements of the Sarbanes-Oxley Act of 2002 (SOX) have put strong pressure on oil and gas companies to implement enterprise risk-management (ERM) programs.
Strong growth is seen for the expansion of global LNG infrastructure within the next 4 years, with total capital expenditures during 2005-09 gauged at more than $67 billion, reported UK energy analyst Douglas-Westwood Ltd., Canterbury.
Canada¿s Alberta province has an estimated 223 tcf of marketable conventional natural gas supplies, according to a joint study by the Alberta Energy and Utilities Board (EUB) and the National Energy Board (NEB) released Mar.
Hammering on about a single theme can get mighty boring at times, but in a case concerning the security of international oil shipments the hammering obviously has to continue.
The US refining industry faces a wide range of issues in 2005, speakers said at the Mar. 14 opening session of the National Petrochemical & Refiners Association annual meeting in San Francisco.
The International Energy Agency on Mar. 11 raised its global oil demand forecast by 330,000 b/d to 84.3 million b/d for 2005, a 2.2% annual growth rate, because of �very cold weather in late February and early March, a more robust view of US economic growth, and the impact of this and other factors on China�s oil demand growth prospects.�
Cost functions provide an estimate of offshore decommissioning liability from which one can establish a fair market value for platform decommissioning in the Gulf of Mexico.
After experiencing a year of record high prices in 2004, the global benzene market will remain in a tight supply-demand balance through 2007, according to a recent study from Chemical Market Associates Inc. (CMAI), Houston.
The pipeline and leak-detection industries do not currently have a consistent, coherent, and complete means of assessing leak-detection system (LDS) performance.
The exploration boom is on again in the Uinta basin of northeastern Utah, thanks to sustained strong natural gas prices and the successful application of 3D seismic surveys.
