-
Editorial: The UN’s credibility
The Independent Inquiry Committee into the United Nations Oil-for-Food Program (IIC) issued its third interim report Aug.
-
BLM, Forest Service propose permit-process changes
Two US agencies regulating onshore oil and gas activities on federal land proposed changes that they said would improve drilling-permit application processing while protecting private surface owners and public lands.
-
CBO estimates energy bill’s spending, revenue effects
Congressional analysts estimate that the 2005 energy bill will increase direct spending by $2.
-
FACTS: Taiwan’s electric power industry looking toward LNG as fuel source
Taiwan’s gas demand is growing as electric power generators turn away from nuclear sources in favor of LNG, said Fesharaki Associates Consulting & Technical Services Inc.
-
Gas storage due in redeveloped oil reservoir off Spain
Spain appears headed for an oil production boost in the second half of 2006 when idle Amposta oil field in the Gulf of Valencia returns to production.
-
Harvest considers arbitration in tax dispute with Venezuela
Harvest Natural Resources Inc. is considering going to international arbitration over tax evasion claims that the Venezuelan government has made against the Houston independent oil company, its top executive said.
-
John S. Herold reports robust upstream M&A activity
Upstream merger and acquisition (M&A) activity worldwide rebounded last year, particularly in the US and Canada, in a trend that is continuing, said a report from John S.
-
Maintenance, Spanish demand to lower US LNG imports
Work on a jetty line at Atlantic LNG Co. (ALNG) of Trinidad & Tobago’s Point Fortin export facility, the draw from Spain, and “chronic” planned maintenance at Dominion Cove Point LNG LP’s Maryland import facility “will have a profound affect on US LNG imports in August,” according to Commercial Services Co.
-
Company News: Producers to buy Kerr-McGee’s North Sea assets
Maersk Olie & Gas AS, Copenhagen, plans to buy most of Kerr-McGee Corp.’s North Sea assets for $2.
-
Point of View: THUMS good neighbor policies garner community acceptance
THUMS Long Beach Co. Pres. Frank Komin strode quickly from his desk to the window of his Long Beach, Calif., office. His panoramic view of Long Beach Harbor includes the Queen Mary, a boat marina, downtown Long Beach, beaches-and four man-made “oil islands” that his company operates.
-
SEC upgrades Equatorial Guinea payments inquiry
The US Securities and Exchange Commission apparently has upgraded its 2004 probe of US oil and gas producers’ payments to the government of Equatorial Guinea to a formal investigation from an informal inquiry.
-
Valero plans to cease production of MTBE next spring
Valero Energy Corp. announced that it plans to quit producing methyl tertiary butyl ether next spring in an effort to reduce its exposure to product liability litigation.
-
Vintage to cite treaty in Bolivian lawsuit
Vintage Petroleum Inc., Tulsa, has told Bolivia that it will cite a bilateral treaty protecting investment in a lawsuit challenging the country’s Hydrocarbons Act passed last May by Congress and signed by interim President Eduardo Rodriguez.
-
Watching Government: What’s next for MTBE?
The US refining and distribution system was preparing for gasoline without methyl tertiary butyl ether before federal lawmakers pulled defective-product liability protection from the 2005 energy bill.
-
Watching the World: Putin’s word on ecology
Oil prospectors in Russia’s West Kamchatka region are breathing easier after a favorable decision by the Petropavlovsk-Kamchatskiy city court.
-
Work continues for IOCs in Mauritania despite coup
International oil companies working in Mauritania have expressed confidence about operations in the country despite a bloodless military coup that toppled the government of former President Maaouya Ould Sid’Ahmed Taya while he was abroad on Aug 3.
