Editorial: No sale, no money
Whatever its accuracy, a newspaper story about a menacing comment by Iran’s new president underscores an economic verity too frequently forgotten when oil prices are high: It’s very difficult to make money from oil by not selling oil.
EU seeks energy security in stronger supplier ties
The European Union (EU) is increasingly dependent on foreign supplies to meet its growing demand for energy, especially for fossel fuels.
Company News: Gazprom to buy controlling stake in Sibneft
Russia’s state-controlled OAO Gazprom plans to acquire 72.7% of oil company OAO Sibneft for $13.
Interior secretary assesses gulf hurricane damage
Offshore oil and gas operations in the Gulf of Mexico survived the one-two punch of Hurricanes Katrina and Rita reasonably well, with no loss of life or significant spills, Sec.
NPRA president urges reasoned look at refining issues
Bob Slaughter is pleased that limited US refining capacity finally is getting wide attention in the days and weeks following Hurricanes Katrina and Rita.
Two House committees pass oil and gas supply bills
The two US House committees with jurisdiction over energy reported separate bills aimed at increasing domestic oil and gas supplies.
WoodMac: Hurricanes hit ‘every link of energy chain’
Every link in the energy chain-upstream, processing, pipelines, and the support infrastructure maintaining them-was affected by Hurricanes Katrina and Rita, notes a report released Oct.
Watching the World: More ounces of prevention
Ian McCredie, head of global security services at Shell International, recently said growing risks have forced Royal Dutch Shell PLC to make its own security arrangements in areas where local security forces are largely ineffective.