Editorial: The antiprofit reflex
Amid all the unsound reflexes now steering the US Congress on energy, a surging revulsion toward profits must be counted among the most destructive.
Asian, Mideast demand pushing world’s LPG supplies
Global LPG demand underwent an historic shift in 2000-05 when Asian demand surpassed North American for the first time.
Extension of pipeline safety act reauthorization urged
The Interstate Natural Gas Association of America and other industry groups have urged a House subcommittee to consider reauthorizing the Pipeline Safety and Improvement Act of 2002 for 5 years instead of 4.
IPAA fighting again for federal oil, gas R&D support
Independent producers are back fighting what has become an annual spring battle to preserve federal support for domestic oil and gas research and development.
MMS: Deepwater work ‘driving force’ in gulf
Deepwater work continues to be the “driving force” behind the Gulf of Mexico’s production and potential growth, according to the US Minerals Management Service.
NPRA: Hatch describes support for refining investment
Sen. Orrin Hatch (R-Utah) outlined his legislation encouraging investment in refining capacity to attendees at the National Petrochemical & Refiners Association annual meeting in Salt Lake City.
NPRA: US refiners ready for 2006 supply challenge
Refiners, although facing numerous challenges in 2006, will be able to maintain supplies of transportation fuels, according to William Klesse, National Petrochemical & Refiners Association chairman and chief executive officer of Valero Energy Corp.
US, Canadian firms post big fourth-quarter profits
High oil and gas prices and improved refining and marketing margins, amplified by hurricane-related disruptions to processing capacity, bolstered quarterly earnings of US oil and gas companies in the fourth quarter of 2005.
Watching the World: Putin coy in China
LONDON-Russian President Vladimir Putin arrived in Beijing last week on a visit that Chinese officials hoped would lead to a firm commitment over the route of an oil pipeline from Eastern Siberia.