Editorial: The next 15 years
What kind of world does the oil and gas industry want?
Oil supply challenges—1: The non-OPEC decline
The world faces challenges rather than impending doom with oil supply. The challenges include a sequence of supply crises likely to develop not when oil production peaks�the subject of much recent controversy�but earlier, when widening gaps appear between demand and sources of supply upon which the world has come to rely.
Comment: Voluntary methane cuts would help limit GHG emissions
Just last week, the Kyoto Protocol set binding limits on greenhouse gas (GHG) emissions for many industrialized nations of the world, not including the US or developing nations like China.
CERA: ChevronTexaco CEO calls for US energy policy
David J. O'Reilly, chairman and CEO of ChevronTexaco Corp., called for a new US energy policy in his keynote address at the opening of a weeklong conference of energy executives last week in Houston, sponsored by the Cambridge Energy Research Associates.
Watching the World: Oil's new era
ChevronTexaco Corp. CEO David O'Reilly has his finger on the world's oil pulse, noting on Feb. 15 that the era of cheap petroleum is over. "We're seeing the beginnings of a bidding war for Middle Eastern oil between East and West," he said.
World oil production to rise by 16 million b/d by 2010
World oil production capacity could jump by more than 16 million b/d to 101.5 million b/d by 2010, with the addition split "fairly evenly" between members of the Organization of Petroleum Exporting Countries and non-OPEC producers, said an executive of Cambridge Energy Research Associates, a subsidiary of IHS Inc.
Industry facing product delivery, quality challenges
Challenges facing the oil and natural gas industry have more to do with delivery and product quality than with size of the petroleum resource, company executives told the Energy Institute's International Petroleum Week in London.
Watching Government: Hoeven's labor shortage answer
Some politicians lead task forces by holding hearings and issuing reports that essentially restate the already identified problem. Then there's North Dakota Gov. John Hoeven.