Security study maps choices for China, India, and Russia
China, India, and Russia will be pivotal to a “new energy security paradigm” outlined in a recent study by the World Economic Forum (WEF) in partnership with Cambridge Energy Research Associates (CERA).
Saudi Arabia targets 12 million b/d by yearend 2009
Saudi Arabia plans to increase its crude oil production to 12 million b/d by the end of 2009, according to Saudi Aramco Pres. and Chief Executive Officer Abdallah S. Jum’ah.
WGC: Reversing natural gas misperceptions a must
Perceptions of natural gas and their effects formed the core of two keynote speeches on the second day of the World Gas Conference in Amsterdam.
WATCHING THE WORLD: Raising cane for diplomacy
Resource diplomacy is coming along these days as countries increasingly compete with one another for the world’s supplies of oil and natural gas.
Burton says administration to consider OCS revenue-sharing
The administration of President George W. Bush would consider sharing new offshore oil and gas revenues with coastal states but is concerned that provisions of a bill now in the House of Representatives would cost the government too much money, a Department of the Interior official told the House Resources Committee on June 14.
House committee combines OCS leasing proposals
A bill that combines elements of the two main US Outer Continental Shelf leasing proposals has been developed by the House Resources Committee, Chairman Richard Pombo (R-Calif.) said June 19.
Greenspan: World’s oil supply-demand balance precarious
The worldwide supply and demand balance for oil has become so precarious that even small acts of sabotage and local insurrection can affect prices, former Federal Reserve Chairman Alan Greenspan told a US Senate committee earlier this month.
CERA: Global products to remain tight through 2007
Disruptions to supplies of gasoline, diesel fuel, and light products, associated in part with changes in fuel quality standards, will keep oil markets tight and prices high during the next 2 years, Cambridge Energy Research Associates forecast in a report issued June 6.
CERA: LNG growth exceeds expectations
In a market growing faster than had been expected, LNG will meet 15% of global gas demand by 2012, says an analysis by Cambridge Energy Research Associates.