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 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.
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.
Events in Venezuela throw into sharp relief three major categories of risk central to international oil and gas investment decisions: politics, price, and geology.
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.
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.
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).
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.
Here’s the Event110 event recorder, a miniature, low-cost, reusable recording device that senses input transitions or contact closures from external sources such as transducers and-or event initiators and records the time that a particular event has occurred.
With much attention focusing on improved recovery, smart completions, and other methods for coaxing hydrocarbons out of places where they are known to occur, it’s easy to forget that humankind still looks for oil and gas where their existence isn’t assured.
Venezuela’s Ministry of Energy and Mines has voided operating service agreements with Total SA for Jusepin oil field and Eni SPA for Dacion oil field and made Petroleos de Venezuela SA operator.
The Energy Information Administration claimed commercial US crude inventories on Mar. 24 were at the highest level since Apr. 16 1999, but Petromatrix GMBH in Zug, Switzerland, said that is misleading because US production and refining capaticies have changed in the last 7 years.
When deterioration of existing pipes precludes cost-effective traditional repair, slip-lining the old pipe with flexible steel pipe provides a ready alternative.
Owners of downstream petroleum and petrochemical companies rank qualifications of key personnel as the most important consideration in choosing engineering contractors, says a recent industry study.
The oil and gas producing industry of the US Gulf of Mexico limped into 2006 battered by hurricanes but braced for politics. The conditions are related.
Hurricanes Katrina and Rita battered people and structures in the Gulf of Mexico and along the Gulf Coast, leaving many large-scale renovation projects and rising rig rates in their wakes.
Offshore oil and gas operations in the Gulf of Mexico survived the one-two punch of Hurricanes Katrina and Rita reasonably well, with no loss of life or significant spills, Sec. of the Interior Gale Norton said Oct. 4.
Every link in the energy chain-upstream, processing, pipelines, and the support infrastructure maintaining them-was affected by Hurricanes Katrina and Rita, notes a report released Oct. 3 by Wood Mackenzie in Houston.
Hurricane Ivan shut down much production in the eastern portion of the Gulf of Mexico and damaged pipelines and platforms in its path and along the Mississippi River delta apron.
