Since the Argentina Exploration Plan was launched in 1991, exploration in Argentina reached a peak between 1995 and 1997, later began to decline, and now has withered to the point that it threatens the country’s future oil and gas consumption.
Pioneer Natural Resources Co., Dallas, is building activity in the Cretaceous Edwards limestone gas trend south and east of San Antonio with a $115 million capital budget in the South Texas resource play in 2006.
Sen. Jeff Bingaman (D-NM) last week introduced an amendment to the federal budget resolution that assumes reauthorization of the chemical and toxic waste Superfund tax to help restore federal energy programs that the administration of President George W. Bush wants to cut.
Continued disruption by Hurricanes Katrina and Rita of natural gas supplies from the Gulf of Mexico illustrates “a problem we have been trying to ignore,” says Nora Brownell of the US Federal Energy Regulatory Commission.
Officials from three Canadian provinces and the Northwest Territories want Canada to retain its important role in US efforts to meet growing needs for natural gas.
European Commissioner for Energy Andris Piebalgs on Mar. 8 released a “major Green Paper” containing the European Union (EU) Commission’s “vision for an energy strategy for Europe” at a time when some member countries’ national considerations are superseding the EU outlook.
Six US senators from Gulf Coast states introduced Mar. 8 a bipartisan bill to direct a portion of offshore oil and gas revenues from the Gulf of Mexico to Mississippi, Louisiana, Alabama, and Texas.
Kinder Morgan Energy Partners LP (KMP), a subsidiary of Kinder Morgan Inc. (KMI), said major gas pipelines it proposes in the Rocky Mountains and Louisiana have received long-term binding capacity agreements from shippers and will proceed.
The Australian government and petroleum industry have jointly launched an outline plan to increase Australia’s flagging oil production, make Australia one of the world’s top five LNG exporters, and double the domestic use of natural gas.
As they convened a Mar. 14 hearing on oil and gas industry concentration and its potential impact on prices, Senate Judiciary Committee leaders said they plan to introduce legislation to increase federal antitrust authority and protect consumers.
Farmers could become the “energy moguls of the 21st Century” if they move beyond ethanol to the large-scale development of wind and solar energy, which, like farming, requires “management of significant areas of land,” said CarbonFree, a Cambridge, UK, research company.
With the US heating season officially expiring at the end of March, natural gas prices continued spiraling down earlier this month after the Energy Information Administration reported a lower-than-expected withdrawal of natural gas from underground storage during the week ended Mar. 3.
The US Congress would repeat past mistakes if it tried to punish the oil and gas industry for consolidations resulting from economic pressures and regulatory requirements, the American Petroleum Institute said Mar. 14.
US refiners and marketers should get used to this kind of thing: “Big Oil is talking out of both sides of their mouth, but the words coming out of both sides say ‘higher prices.
Oil and gas companies are working to address climate change concerns while developing strategies to extract value from the management of carbon dioxide emissions.
The European Union’s Emission Trading System (ETS) for carbon dioxide has grown rapidly since its launch amid political arguments and bureaucratic turmoil on Jan. 1, 2005, raising expectations for similar schemes elsewhere.
A simulation with Pipephase and Hysys software showed that polyurethane insulation with thermal conductivity of 0.22 w/m-°C. and an electric heater could solve the problem of ice and hydrate formation in two separator centers in Iran.
The Russian-Ukrainian natural gas dispute provides a reminder that some suppliers are willing to renegotiate contracts forcibly, even to the point of cutting off supplies, if the prices involved justify such actions.
