Prominent goals of many energy policies these days are conservation, the displacement of oil by nearly anything else, and diminished reliance on oil from members of the Organization of Petroleum Exporting Countries.
Waffling prices seemed unusually volatile in crude futures markets in the second quarter when actually “the exact reverse is true,” said Paul Horsnell with Barclays Capital Inc.
The US and Canada posted good gains in drilling in the first half of 2006 compared with the same period of 2005, while drilling elsewhere in the world was nearly flat year on year.
Anadarko Petroleum Corp., Houston, is acquiring Kerr-McGee Corp. in Oklahoma City and Western Gas Resources Inc. (WGR), Denver, in separate cash transactions totaling $21.1 billion, plus assumption of $2.2 billion debt.
Two days after it combined the two main offshore oil and gas leasing bills it had received, the US House Resources Committee passed HR 4761 by a 29-9 vote on June 21.
Contract sanctity surfaced as an issue as representatives of three major oil companies and a large independent producer testified about price thresholds and deepwater royalty relief before a US House subcommittee on June 21.
The National Petroleum Council outlined plans June 21 for a global oil and gas study that its members hope will lead to better government energy policies and increased public understanding of energy issues.
Continued worldwide economic growth has made the US government’s leading energy analysts revise their international forecast through 2030 to reflect significantly higher oil prices and a much larger contribution from unconventional sources.
Christine A. Hansen knew she was fighting an uphill battle when she called on several US House and Senate members to explain why federal support still is needed for domestic oil and gas research and development.
Substantial progress is being made in improving oil and gas well permitting in the Rocky Mountains under a pilot program, two officials from the Department of the Interior told the US Senate Energy and Natural Resources Committee on June 27.
Plains All American Pipeline LP, Houston, has agreed to buy Pacific Energy Partners LP of Long Beach, Calif., for $2.4 billion, including the assumption of debt and other costs.
Energy independence has become the watchword of politicians in many areas of the world, and was very much at the forefront of US politicking last week.
Coupling a drilling motor with a high-speed rotary steerable tool and new steerable bits is a successful approach to drilling the Cretaceous section in cost-sensitive, mature North Sea fields.
Nelson-Farrar indexes for finished steels changed drastically during 2002-05. Generally speaking, alloy steel indexes changed less than carbon steel products.
The US Pipeline & Hazardous Materials Administration needs to clarify in each waiver application for an increase in pipeline maximum allowable operating pressure what maximum specified minimum yield strength (MAOP plus pressure accumulation) it would allow in areas where operators seek to increase MAOP.
