Bodman repeats support for ANWR leasing, OCS access
The administration of President George W. Bush still supports leasing in the Arctic National Wildlife Refuge and working with coastal states to increase access to the Outer Continental Shelf as ways to reduce reliance on imported oil and gas, US Energy Sec. Samuel W. Bodman said Mar. 29.
Bolivia wants higher price for gas exported to Brazil
Bolivia will substantially increase prices of natural gas it exports to Brazil, Bolivian President Evo Morales told Sérgio Gabrielli, president of Petroleo Brasileiro SA (Petrobras), in a new wrinkle in the countries’ already tense commercial relations.
Watching the World: China pursues nearby energy
Driven by concerns over stability, China is stepping up cooperation with its neighbors, aiming to secure supplies of oil and natural gas from regional sources instead of the Middle East.
Editorial: Investing in Venezuela
Events in Venezuela throw into sharp relief three major categories of risk central to international oil and gas investment decisions: politics, price, and geology.
Gasoline prices climb with MTBE phaseout
Congress is growing restless because gasoline prices are climbing weeks before summer driving season arrives as refiners replace methyl tertiary butyl ether with ethanol as a gasoline additive.
INGAA: Critical-infrastructure bill would harm pipelines
A US House bill that would set limits on ownership, operation, and management of assets deemed part of the critical US infrastructure would create difficulties for domestic pipelines, the Interstate Natural Gas Association of America said Apr. 5.
M&A reserves values up as company sales dominate
Reserves values in US and Canadian oil and gas transactions continue to grow, with the weighted average implied value reaching $18/boe during the first quarter of 2006, said John S. Herold Inc. and Harrison Lovegrove & Co. Ltd. in a report on mergers and acquisitions (M&A).
Manufacturers group chief urges action on gas supply
Congress should move quickly to open what amounts to a strategic reserve of natural gas off US coasts, National Association of Manufacturers Pres. John Engler urged.
Oil companies turn in mixed reserves results in 2005
Oil companies as a group had mixed results in the replacement of oil and gas reserves in 2005.
Specialists see big problems in oil-focused antitrust reform
US Senate Judiciary Committee Chairman Arlen Specter (R-Pa.) has circulated antitrust reform proposals directed at US refiners and overseas producers.