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Editorial - The UN inquiries
Serious days lie ahead for the United Nations. The Independent Inquiry Committee (IIC) investigating the UN's Oil-for-Food Program soon will issue its first interim report.
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The Oil Market–1: Past, present, and near term
The high price of oil has become a dominant subject of interest not only for the international oil business but also for the global economy and the economies of most countries.
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Japan, Russia start talks on oil pipeline details
Japan's Foreign Minister Nobutaka Machimura, on a visit to Moscow that began Jan. 13, was expected to confer with Russian officials about their recently announced decision to construct an $11.5 billion oil pipeline from East Siberia to the Pacific coast.
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Japan urges Malacca Strait shipping safety
Japanese Defense Minister Yoshinoro Ono, on a swing through Southeast Asia, has urged Indonesia, Malaysia, and Singapore to do more to protect oil shipping through the Malacca Strait from piracy and terrorism.
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Watching the World - Japan, China dispute field
As everyone knows, Japan and China are racing neck and neck to secure ever greater supplies of oil and natural gas to keep their economies from sputtering.
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Myanmar, India, Bangladesh sign gas line agreement
India, Myanmar, and Bangladesh have agreed in principle to lay an onshore pipeline to carry gas to India from large discoveries off Myanmar.
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API seeks energy policy; IEA notes spending caution
Red Cavaney, president and CEO of the American Petroleum Institute, called for major changes in US energy policy in a Jan. 18 address to a forum of the US Energy Association of public and private energy-related organizations, corporations, and government agencies.
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Tax break ending for Prudhoe Bay satellites
Alaska Gov. Frank Murkowski has said that, effective Feb. 1, satellite fields surrounding Prudhoe Bay oil field no longer will be allowed to take advantage of a state tax break called the Economic Limit Factor (ELF).
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US upstream jobs rose in 2004, data show
Employment in the US upstream oil and gas industry gained along with total nonfarm employment for the first time in many years in 2004, preliminary data show.
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Watching Government - Sandia report, a month later
Now that the US energy community has had nearly a month to consider a Sandia National Laboratories report on identifying and managing risks of importing liquefied natural gas, how have LNG proponents and regulators reacted (OGJ, Jan. 3, 2005, p. 30)?
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Company News: Independent E&P firms bolster size through acquisitions
Several US independent exploration and production companies have reported acquisitions or proposed acquisitions that would bolster their oil and natural gas operations.