Company News: E&P firms continue to report higher capital budgets
Oil and gas companies are still reporting increased capital spending plans for 2006.
Cuba seen pushing oil, gas work close to Florida
Cuba is moving to develop its offshore oil and gas resources, which would result in development closer to Florida’s coast than the US government allows, Rep.
DOE sees large remaining US oil resource
The US holds as much as 430 billion bbl of technically recoverable oil in a resource in place of 1.
EPA issues mobile-source emissions reduction proposal
The US Environmental Protection Agency has proposed new mobile source emissions reduction standards targeting benzene levels in gasoline, hydrocarbon emissions from vehicles in cold weather, and evaporative standards for fuel containers.
EPA queried on producer exemption in storm-water rule
US Sen. James L. Jeffords (I-Vt.) and five Senate Democrats have raised questions about possible involvement of White House Deputy Chief of Staff Karl C. Rove and the Office of Management and Budget in development of an Environmental Protection Agency proposal affecting oil and gas producers.
Comment: EU may miss Kyoto targets despite EEA recommendations
At a roundtable organized by major Italian environmental group Legambiente, Romano Prodi, Italy’s 1996-98 prime minister and current leftist candidate for that same position, described himself as a “Kyoto fighter” or advocate of the Kyoto Protocol on Climate Change.
Watching the World: Extrapolating the port issue
The current debate among US lawmakers about Dubai Port World’s (DPW) proposed takeover of terminal operations at six US ports may seem far from the oil industry.
High gas costs push shift in ethylene trade
High gas commodity prices in North America have accelerated a shift in investment strategy by the region’s ethylene producers.
Query targets missing deepwater lease price thresholds
The US Minerals Management Service is investigating why price thresholds were absent from federal offshore leases covered by deepwater royalty relief during fiscal 1998 and 1999 but has not determined the cause, the MMS deputy director told a House subcommittee Mar.
Editorial: Spinning oil potential
The US Department of Energy had an important message to tell about future oil supply, but communication got in the way.